In the last trading session, 24.55 million Nokia Corp ADR (NYSE:NOK) shares changed hands as the company’s beta touched 0.98. With the company’s per share price at $5.42 changed hands at $0.03 or 0.56% during last session, the market valuation stood at $29.12B. NOK’s last price was a premium, traded about 0.37% off its 52-week high of $5.40. The share price had its 52-week low at $3.29, which suggests the last value was 39.3% up since then. When we look at Nokia Corp ADR’s average trading volume, we note the 10-day average is 26.31 million shares, with the 3-month average coming to 20.11 million.
Analysts gave the Nokia Corp ADR (NOK) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.16. If we narrow down to specifics, the data shows that 0 out of 12 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended NOK as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Nokia Corp ADR’s EPS for the current quarter is expected to be 0.05.
Nokia Corp ADR (NYSE:NOK) trade information
Instantly NOK was in green as seen at the end of in last trading. With action 5.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 22.35%, with the 5-day performance at 5.24% in the green. However, in the 30-day time frame, Nokia Corp ADR (NYSE:NOK) is 8.62% up. Looking at the short shares, we see there were 74.63 million shares sold at short interest cover period of 3.49 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 16.62% from its current market value. According to analyst projections, NOK’s forecast low is 4.839744617 with 8 as the target high. To hit the forecast high, the stock’s price needs a -47.6% plunge from its current level, while the stock would need to tank 10.71% for it to hit the projected low.
Nokia Corp ADR (NOK) estimates and forecasts
Year-over-year growth is forecast to reach 1.92% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 4.47B. 5 analysts are of the opinion that Nokia Corp ADR’s revenue for the current quarter will be 4.92B. The company’s revenue for the corresponding quarters a year ago was 4.67B and 4.47B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.29%. The estimates for the next quarter sales put growth at 10.27%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 315.10%. The 2025 estimates are for Nokia Corp ADR earnings to decrease by -17.28%, but the outlook for the next 5-year period is at -0.81% per year.
NOK Dividends
Nokia Corp ADR is expected to release its next quarterly earnings report on 2025-Jan-29. The 2.57% annual yield figure for the share gives it an annual dividend of 0.14. It is important to note, however, that the 2.57% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.5 per year.
Nokia Corp ADR (NYSE:NOK)’s Major holders
The share float percentage for the stock currently stands at 9.41%. There are 9.41% institutions holding the Nokia Corp ADR stock share, with ARTISAN PARTNERS LIMITED PARTNERSHIP the top institutional holder. As of 2024-06-30, the company held 1.9375% of the shares, roughly 106.76 million NOK shares worth $403.54 million.
PZENA INVESTMENT MANAGEMENT LLC holds the second largest percentage of outstanding shares, with 1.4978% or 82.52 million shares worth $311.94 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Artisan International Value Fund and Fidelity Growth Company Fund . With 80.87 shares estimated at $438.3 million under it, the former controlled 1.44% of total outstanding shares. On the other hand, Fidelity Growth Company Fund held about 0.27% of the shares, roughly 15.22 shares worth around $82.47 million.
