Nokia Corporation [NOK] is -1.93% lower this YTD. Is it still time to buy?

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Nokia Corporation [NYSE: NOK] loss -0.33% on the last trading session, reaching $6.10 price per share at the time. The company report on January 4, 2022 that Nokia and Tele2 expand 5G partnership in the Baltics.

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Nokia and Tele2 expand 5G partnership in the Baltics .

Nokia Corporation represents 5.63 billion in outstanding shares, while the company has a total market value of $35.95 billion with the latest information. NOK stock price has been found in the range of $6.075 to $6.19.

If compared to the average trading volume of 20.05M shares, NOK reached a trading volume of 25160455 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying 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 $7.42 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 2.40. 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.

Morgan Stanley have made an estimate for Nokia Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on December 20, 2021. While these analysts kept the previous recommendation, Cowen raised their target price from $5 to $8. The new note on the price target was released on July 30, 2021, representing the official price target for Nokia Corporation stock. Previously, the target price had yet another raise from $4.30 to $7.80, while JP Morgan kept a Overweight rating on NOK stock.

The Average True Range (ATR) for Nokia Corporation is set at 0.14, with the Price to Sales ratio for NOK stock in the period of the last 12 months amounting to 1.43. The Price to Book ratio for the last quarter was 1.87, with the Price to Cash per share for the same quarter was set at 1.85. Price to Free Cash Flow for NOK in the course of the last twelve months was 13.58 with Quick ratio for the last quarter at 1.40.

Trading performance analysis for NOK stock

Nokia Corporation [NOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.93. With this latest performance, NOK shares gained by 4.10% in over the last four-week period, additionally plugging by 13.59% over the last 6 months – not to mention a rise of 55.22% 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 52.07, with the RSI for the last a single of trading hit 46.87, and the three-weeks RSI is set at 53.68 for Nokia Corporation [NOK]. The present Moving Average for the last 50 days of trading for this stock 5.88, while it was recorded at 6.18 for the last single week of trading, and 5.48 for the last 200 days.

Nokia Corporation [NOK]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Nokia Corporation [NOK] shares currently have an operating margin of +9.72 and a Gross Margin at +37.48. Nokia Corporation’s Net Margin is presently recorded at -11.53.

Return on Total Capital for NOK is now 10.69, given the latest momentum, and Return on Invested Capital for the company is -13.17. Return on Equity for this stock declined to -18.14, with Return on Assets sitting at -6.39. When it comes to the capital structure of this company, Nokia Corporation [NOK] has a Total Debt to Total Equity ratio set at 52.03. Additionally, NOK Total Debt to Total Capital is recorded at 34.23, with Total Debt to Total Assets ending up at 17.06. Long-Term Debt to Equity for the company is recorded at 46.02, with the Long-Term Debt to Total Capital now at 30.27.

Receivables Turnover for the company is 3.19 with a Total Asset Turnover recorded at a value of 0.55.Nokia Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.40 and a Current Ratio set at 1.60.

Nokia Corporation [NOK]: An earnings per share (EPS) analysis

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 17.85%.

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An analysis of insider ownership at Nokia Corporation [NOK]

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 217 institutional holders increased their position in Nokia Corporation [NYSE:NOK] by around 62,055,157 shares. Additionally, 189 investors decreased positions by around 58,004,894 shares, while 155 investors held positions by with 343,767,165 shares. The mentioned changes placed institutional holdings at 463,827,216 shares, according to the latest SEC report filing. NOK stock had 58 new institutional investments in for a total of 8,453,155 shares, while 64 institutional investors sold positions of 8,061,060 shares during the same period.