In today’s recent session, 5.78 million shares of the Nokia Corp ADR (NYSE:NOK) have been traded, and its beta is 1.12. Most recently the company’s share price was $4.93, and it changed around $0.03 or 0.61% from the last close, which brings the market valuation of the company to $26.49B. NOK at last check was trading at a discount to its 52-week high of $4.95, offering almost -0.41% off that amount. The share price’s 52-week low was $3.29, which indicates that the recent value has risen by an impressive 33.27% since then. We note from Nokia Corp ADR’s average daily trading volume that its 10-day average is 22.42 million shares, with the 3-month average coming to 16.86 million.
Nokia Corp ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.13. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 4 recommended NOK as a Hold, whereas 2 deemed it a Buy, and 1 rated it as Underweight. Nokia Corp ADR is expected to report earnings per share of 0.06 for the current quarter.
Nokia Corp ADR (NYSE:NOK) trade information
Instantly NOK has been showing a green trend so far today with a performance of 0.61% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 4.94 on recent trading dayincreased the stock’s daily price by 0.2%. The company’s shares are currently up 11.29% year-to-date, but still up 2.71% over the last five days. On the other hand, Nokia Corp ADR (NYSE:NOK) is 10.29% up in the 30-day period. We can see from the shorts that 55.85 million shares have been sold at a short interest cover period of 4.69 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 24.15% from its current value. Analyst projections state that NOK is forecast to be at a low of $4.839744617 and a high of $8.
Nokia Corp ADR (NOK) estimates and forecasts
The year-over-year growth rate is expected to be -4.15%, down from the previous year.
Consensus estimates provided by 12 financial analysts predict the company will bring in an average of 4.36B in revenue for the current quarter. 11 analysts expect Nokia Corp ADR to make 4.63B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.67B and 4.47B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -6.65%. Forecasts for the next quarter put sales growth at 3.76%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 317.04%. Nokia Corp ADR earnings are expected to increase by -18.76% in 2025, but the outlook is negative -1.36% per year for the next five years.
NOK Dividends
Nokia Corp ADR’s next quarterly earnings report is expected to be released in March. The annual dividend yield of the stock is 2.83 percent and its annual dividend per share was 0.14. It is important to note, however, that the 2.83% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.5 per year.
Nokia Corp ADR (NYSE:NOK)’s Major holders
PZENA INVESTMENT MANAGEMENT LLC, with 1.4935% or 82.52 million shares worth $311.94 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Artisan International Value Fund and Fidelity Growth Company Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 80.87 shares worth $400.29 million, making up 1.44% of all outstanding shares. On the other hand, Fidelity Growth Company Fund held roughly 15.22 shares worth around $75.32 million, which represents about 0.27% of the total shares outstanding.
