Nokia Corp ADR [NOK] is 3.22% higher this YTD. Is it still time to buy?

Nokia Corp ADR [NYSE: NOK] traded at a low on Monday, posting a -0.28 loss after which it closed the day’ session at $3.53. The company report on February 26, 2024 at 3:00 AM that Nokia’s anyRAN broadens options for commercial Cloud RAN deployment and targets enterprises with partners Cisco, Hewlett Packard Enterprise and Microsoft #MWC24.

Press ReleaseNokia’s anyRAN broadens options for commercial Cloud RAN deployment and targets enterprises with partners Cisco, Hewlett Packard Enterprise and Microsoft #MWC24.

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Nokia successfully completes multiple Cloud RAN trials with industry ecosystem partners proving In-Line accelerator technology ahead of commercial availability this year.

The results of the trading session contributed to over 11952383 shares changing hands. Over the past one week, the price volatility of Nokia Corp ADR stands at 1.33% while the volatility over the past one month is 1.63%.

The market cap for NOK stock reached $19.45 billion, with 5.59 billion shares outstanding and 5.51 billion shares in the current float. Compared to the average trading volume of 16.28M shares, NOK reached a trading volume of 11952383 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 Corp ADR [NOK]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOK shares is $4.37 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 2.32. 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.

Barclays have made an estimate for Nokia Corp ADR shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 19, 2024. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Neutral. The new note on the price target was released on January 12, 2024, representing the official price target for Nokia Corp ADR stock.

The Average True Range (ATR) for Nokia Corp ADR is set at 0.08, with the Price to Sales ratio for NOK stock in the period of the last 12 months amounting to 0.81. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 1.21.

How has NOK stock performed recently?

Nokia Corp ADR [NOK] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.56. With this latest performance, NOK shares dropped by -7.11% in over the last four-week period, additionally sinking by -6.37% over the last 6 months – not to mention a drop of -24.09% 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 49.32, with the RSI for the last a single of trading hit 47.59, and the three-weeks RSI is set at 50.31 for Nokia Corp ADR [NOK]. The present Moving Average for the last 50 days of trading for this stock 3.48, while it was recorded at 3.53 for the last single week of trading, and 3.72 for the last 200 days.

Nokia Corp ADR [NOK]: Deeper insight into the fundamentals

Nokia Corp ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.35 and a Current Ratio set at 1.64.

Earnings analysis for Nokia Corp ADR [NOK]

With the latest financial reports released by the company, Nokia Corp ADR posted 0.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.08/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -25.00%. 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 Corp ADR go to 6.72%.

Insider trade positions for Nokia Corp ADR [NOK]

The top three institutional holders of NOK stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NOK stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NOK stock with ownership which is approximately 5.8325%.