Nokia Corp ADR (NYSE:NOK) has a beta value of 1.06 and has seen 3.97 million shares traded in the recent trading session. The company, currently valued at $24.50B, closed the recent trade at $4.50 per share which meant it gained $0.04 on the day or 0.90% during that session. The NOK stock price is -10.0% off its 52-week high price of $4.95 and 26.89% above the 52-week low of $3.29. If we look at the company’s 10-day average daily trading volume, we find that it stood at 19.19 million shares traded. The 3-month trading volume is 15.81 million shares.
The consensus among analysts is that Nokia Corp ADR (NOK) is Buy stock at the moment, with a recommendation rating of 2.27. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 12 have rated it as a Hold, with 10 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.14.
Nokia Corp ADR (NYSE:NOK) trade information
Sporting 0.90% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NOK stock price touched $4.50 or saw a rise of 4.26%. Year-to-date, Nokia Corp ADR shares have moved 1.58%, while the 5-day performance has seen it change -2.39%. Over the past 30 days, the shares of Nokia Corp ADR (NYSE:NOK) have changed 0.67%. Short interest in the company has seen 55.85 million shares shorted with days to cover at 4.69.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 30.77% from the levels at last check today. The projected low price target is $4.839744617 while the price target rests at a high of $8.0. In that case, then, we find that the latest price level in today’s session is -77.78% off the targeted high while a plunge would see the stock gain -7.55% from the levels at last check today.
Nokia Corp ADR (NOK) estimates and forecasts
Figures show that Nokia Corp ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 17.19% over the past 6 months, with this year growth rate of 12.90%, compared to 23.90% for the industry. Revenue growth from the last financial year stood is estimated to be -14.10%.
15 analysts offering their estimates for the company have set an average revenue estimate of 5.69B for the current quarter. 6 have an estimated revenue figure of 4.4B for the next ending quarter. Year-ago sales stood 5.71B and 4.67B respectively for this quarter and the next, and analysts expect sales will shrink by -0.24% for the current quarter and -14.10% for the next.
Earnings growth for 2025 is a modest 6.64% while over the next 5 years, the company’s earnings are expected to increase by 4.60%.
NOK Dividends
Nokia Corp ADR is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.14 at a share yield of 3.12%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.5%.
Nokia Corp ADR (NYSE:NOK)’s Major holders
The top two institutional holders are ARTISAN PARTNERS LIMITED PARTNERSHIP with over 106.76 million shares worth more than $403.54 million. As of 2024-06-30, ARTISAN PARTNERS LIMITED PARTNERSHIP held 1.932% of shares outstanding.
The other major institutional holder is PZENA INVESTMENT MANAGEMENT LLC, with the holding of over 82.52 million shares as of 2024-06-30. The firm’s total holdings are worth over $311.94 million and represent 1.4935% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Artisan International Value Fund and Fidelity Growth Company Fund. As of Sep 30, 2024, the former fund manager holds about 1.44% shares in the company for having 80.87 shares of worth $361.52 million while later fund manager owns 12.88 shares of worth $57.56 million as of Oct 31, 2024, which makes it owner of about 0.23% of company’s outstanding stock.
