Nokia Corp ADR (NYSE:NOK) shares, rose in value, with the stock price down by -1.13% to the previous day’s close as strong demand from buyers drove the stock to $3.49.
Actively observing the price movement in the last trading, the stock closed the session at $3.53. The value of beta (5-year monthly) was 0.69 whereas the PE ratio was 27.31 over 12-month period. Referring to stock’s 52-week performance, its high was $4.97, and the low was $2.94. On the whole, NOK has fluctuated by -4.90% over the past month.
The company’s Forward Dividend Ratio is 0.13, with its dividend yield at 3.73%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.06, which is expected to increase to $0.1 for fiscal year $0.36 and then to about $0.39 by fiscal year 2025. Data indicates that the EPS growth is expected to be 16.10% in 2025, while the next year’s EPS growth is forecast to be 8.30%.
Analysts have estimated the company’s revenue for the quarter at $5.09 billion, with a low estimate of $4.9 billion and a high estimate of $5.39 billion. According to the average forecast, sales growth in current quarter could jump down -19.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $23.5 billion, representing a decrease of -2.30% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NOK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 75% Sell.
The stock’s technical analysis shows that the PEG ratio is about 4.06, with the price of NOK currently trading nearly -2.64% and -2.68% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.41, while the 7-day volatility ratio is showing 2.17% which for the 30-day chart, stands at 1.78%. Furthermore, Nokia Corp ADR (NOK)’s beta value is 1.10, and its average true range (ATR) is 0.07.
A comparison of Nokia Corp ADR (NOK) with its peers suggests the former has fared considerably weaker in the market. NOK showed an intraday change of -1.13% in last session, and over the past year, it shrunk by -28.92%%.
Data on historical trading for Nokia Corp ADR (NYSE:NOK) indicates that the trading volumes over the past 10 days have averaged 13.57 million and over the past 3 months, they’ve averaged 14.91 million. According to company’s latest data on outstanding shares, there are 5.53 billion shares outstanding.
Nearly 0.00% of Nokia Corp ADR’s shares belong to company insiders and institutional investors own 5.46% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 30.81 million shares as on Mar 15, 2024, resulting in a short ratio of 1.98. According to the data, the short interest in Nokia Corp ADR (NOK) stood at 0.56% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 22.39 million. The stock has risen by 2.05% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOK stock heading into the next quarter.
