Nokia Corporation [NYSE: NOK] stock went on a downward path that fall over 0.00% on Friday, amounting to a one-week price increase of more than 1.23%. The company report on July 23, 2021 that INVESTOR ALERT: Labaton Sucharow Pursuing Arbitration for Robinhood Trading Restrictions; Traders with Losses Encouraged to Contact the Firm.
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During the week of January 25, 2021, the price of Gamestop stock increased over 200% due to a large number of individual traders buying the stock, and other stocks saw similar increases. On January 28, Robinhood announced it was restricting its traders from opening new positions in Gamestop, AMC, Nokia, and other stocks. It allowed its customers to sell their positions only and closed other positions without warning. After Robinhood’s announcement, the prices of Gamestop, AMC, Nokia, and many other stocks Robinhood restricted plummeted.
Over the last 12 months, NOK stock rose by 31.58%. The one-year Nokia Corporation stock forecast points to a potential downside of -1.05. The average equity rating for NOK stock is currently 2.70, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $32.86 billion, with 5.62 billion shares outstanding and 5.37 billion shares in the current float. Compared to the average trading volume of 40.79M shares, NOK stock reached a trading volume of 16030901 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $5.69 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.
JP Morgan have made an estimate for Nokia Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 14, 2021. The new note on the price target was released on June 25, 2021, representing the official price target for Nokia Corporation stock.
The Average True Range (ATR) for Nokia Corporation is set at 0.15, with the Price to Sales ratio for NOK stock in the period of the last 12 months amounting to 1.27. The Price to Book ratio for the last quarter was 2.01, with the Price to Cash per share for the same quarter was set at 1.86. Price to Free Cash Flow for NOK in the course of the last twelve months was 12.08 with Quick ratio for the last quarter at 1.40.
NOK Stock Performance Analysis:
Nokia Corporation [NOK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.23. With this latest performance, NOK shares gained by 13.86% in over the last four-week period, additionally plugging by 36.90% over the last 6 months – not to mention a rise of 31.58% 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 60.89, with the RSI for the last a single of trading hit 60.40, and the three-weeks RSI is set at 60.97 for Nokia Corporation [NOK]. The present Moving Average for the last 50 days of trading for this stock 5.34, while it was recorded at 5.74 for the last single week of trading, and 4.42 for the last 200 days.
Insight into Nokia Corporation Fundamentals:
Nokia Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.60.
NOK Stock EPS
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 16.53%.
Nokia Corporation [NOK] Insider Position Details
283 institutional holders increased their position in Nokia Corporation [NYSE:NOK] by around 170,004,578 shares. Additionally, 201 investors decreased positions by around 70,328,338 shares, while 99 investors held positions by with 124,899,867 shares. The mentioned changes placed institutional holdings at 365,232,783 shares, according to the latest SEC report filing. NOK stock had 122 new institutional investments in for a total of 62,075,638 shares, while 71 institutional investors sold positions of 12,338,187 shares during the same period.