Nokia Corporation [NOK] gain 0.26% so far this year. What now?

Nokia Corporation [NYSE: NOK] traded at a low on 02/26/21, posting a -3.21 loss after which it closed the day’ session at $3.92. The company report on February 24, 2021 that Nokia selected by Globe Telecom to rollout 5G in the Philippines in three-year deal.

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Nokia selected by Globe Telecom to rollout 5G in the Philippines in three-year deal.

The results of the trading session contributed to over 69186688 shares changing hands. Over the past one week, the price volatility of Nokia Corporation stands at 4.52% while the volatility over the past one month is 5.29%.

The market cap for NOK stock reached $23.73 billion, with 5.61 billion shares outstanding and 5.38 billion shares in the current float. Compared to the average trading volume of 89.23M shares, NOK reached a trading volume of 69186688 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Nokia Corporation [NOK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOK shares is $4.81 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOK stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Exane BNP Paribas have made an estimate for Nokia Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 30, 2020. The new note on the price target was released on October 30, 2020, representing the official price target for Nokia Corporation stock.

The Average True Range (ATR) for Nokia Corporation is set at 0.38, with the Price to Sales ratio for NOK stock in the period of the last 12 months amounting to 0.89. The Price to Book ratio for the last quarter was 1.20, with the Price to Cash per share for the same quarter was set at 1.58. Price to Free Cash Flow for NOK in the course of the last twelve months was 12.53 with Quick ratio for the last quarter at 1.30.

How has NOK stock performed recently?

Nokia Corporation [NOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.69. With this latest performance, NOK shares dropped by -40.15% in over the last four-week period, additionally sinking by -22.38% over the last 6 months – not to mention a drop of -1.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOK stock in for the last two-week period is set at 42.89, with the RSI for the last a single of trading hit 38.19, and the three-weeks RSI is set at 45.28 for Nokia Corporation [NOK]. The present Moving Average for the last 50 days of trading for this stock 4.19, while it was recorded at 3.98 for the last single week of trading, and 4.21 for the last 200 days.

Nokia Corporation [NOK]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Nokia Corporation [NOK] shares currently have an operating margin of +8.72 and a Gross Margin at +39.42. Nokia Corporation’s Net Margin is presently recorded at -11.10.

Return on Total Capital for NOK is now 9.58, given the latest momentum, and Return on Invested Capital for the company is -12.65. Return on Equity for this stock declined to -17.42, with Return on Assets sitting at -6.30. When it comes to the capital structure of this company, Nokia Corporation [NOK] has a Total Debt to Total Equity ratio set at 51.65. Additionally, NOK Total Debt to Total Capital is recorded at 34.06, with Total Debt to Total Assets ending up at 17.88. Long-Term Debt to Equity for the company is recorded at 45.68, with the Long-Term Debt to Total Capital now at 30.12.

Receivables Turnover for the company is 3.19 with a Total Asset Turnover recorded at a value of 0.57.Nokia Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.50.

Earnings analysis for Nokia Corporation [NOK]

With the latest financial reports released by the company, Nokia Corporation posted 0.01/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOK. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nokia Corporation go to 11.02%.

Insider trade positions for Nokia Corporation [NOK]

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Positions in Nokia Corporation stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 221 institutional holders increased their position in Nokia Corporation [NYSE:NOK] by around 84,188,719 shares. Additionally, 193 investors decreased positions by around 74,109,318 shares, while 116 investors held positions by with 106,896,550 shares. The mentioned changes placed institutional holdings at 265,194,587 shares, according to the latest SEC report filing. NOK stock had 89 new institutional investments in for a total of 40,316,187 shares, while 60 institutional investors sold positions of 23,247,581 shares during the same period.

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