Nokia Corp ADR [NYSE: NOK] stock went on a downward path that fall over 0.00% on Monday, amounting to a one-week price increase of more than 0.48%.
Over the last 12 months, NOK stock rose by 20.69%. The one-year Nokia Corp ADR stock forecast points to a potential upside of 11.95. The average equity rating for NOK stock is currently 2.38, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $23.53 billion, with 5.60 billion shares outstanding and 5.60 billion shares in the current float. Compared to the average trading volume of 21.04M shares, NOK stock reached a trading volume of 9474277 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $4.77 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 2.38. 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.
Danske Bank have made an estimate for Nokia Corp ADR shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 18, 2024. The new note on the price target was released on January 19, 2024, representing the official price target for Nokia Corp ADR stock.
The Average True Range (ATR) for Nokia Corp ADR is set at 0.10, with the Price to Sales ratio for NOK stock in the period of the last 12 months amounting to 1.13. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 1.74. Price to Free Cash Flow for NOK in the course of the last twelve months was 5.88 with Quick ratio for the last quarter at 1.46.
NOK Stock Performance Analysis:
Nokia Corp ADR [NOK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.48. With this latest performance, NOK shares dropped by -10.83% in over the last four-week period, additionally plugging by 6.33% over the last 6 months – not to mention a rise of 20.69% 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 38.01, with the RSI for the last a single of trading hit 35.39, and the three-weeks RSI is set at 41.25 for Nokia Corp ADR [NOK]. The present Moving Average for the last 50 days of trading for this stock 4.47, while it was recorded at 4.20 for the last single week of trading, and 3.96 for the last 200 days.
Insight into Nokia Corp ADR Fundamentals:
Nokia Corp ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.46 and a Current Ratio set at 1.72.
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 Corp ADR go to 11.12%.
Nokia Corp ADR [NOK] Institutonal Ownership Details
The top three institutional holders of NOK stocks are: ARTISAN PARTNERS LIMITED PARTNERSHIP with ownership of 106.76 million shares, which is approximately 1.932%. PZENA INVESTMENT MANAGEMENT LLC, holding 82.52 million shares of the stock with an approximate value of $$311.94 million in NOK stocks shares; and PZENA INVESTMENT MANAGEMENT LLC, currently with $$46.71 million in NOK stock with ownership which is approximately 0.2236%.
