Nokia Corp ADR (NYSE:NOK) has a beta value of 0.92 and has seen 19.21 million shares traded in the last trading session. The company, currently valued at $27.87B, closed the last trade at $5.17 per share which meant it gained $0.04 on the day or 0.78%% during that session. The NOK stock price is -6.0% off its 52-week high price of $5.48 and 30.37% above the 52-week low of $3.60. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.87 million shares traded. The 3-month trading volume is 18.01 million shares.
The consensus among analysts is that Nokia Corp ADR (NOK) is Buy stock at the moment, with a recommendation rating of 2.19. 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.
Nokia Corp ADR (NYSE:NOK) trade information
Sporting 0.78%% in the green in last session, 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 $5.17 or saw a rise of 3.9%. Year-to-date, Nokia Corp ADR shares have moved 40.49%, while the 5-day performance has seen it change -0.39%. Over the past 30 days, the shares of Nokia Corp ADR (NYSE:NOK) have changed -3.18%. Short interest in the company has seen 36.65 million shares shorted with days to cover at 2.29.
Wall Street analysts have a consensus price target for the stock at $6.5, which means that the shares’ value could jump 20.46% from current levels. 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 current price level is -54.74% off the targeted high while a plunge would see the stock lose 6.39% from current levels.
Nokia Corp ADR (NOK) estimates and forecasts
The company’s shares have gained 15.40% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 315.10% over the past 5 years. Earnings growth for 2025 is a modest -17.13% while over the next 5 years, the company’s earnings are expected to increase by 2.69%.
NOK Dividends
Nokia Corp ADR is expected to release its next earnings report on 2025-Apr-24 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 2.75%. 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 1.9375% 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 1.4978% of shares outstanding.
