Is Nokia Corp ADR (NYSE: NOK) Back In The Buying Zone?

Currently, there are 5.53B common shares owned by the public and among those 5.53B shares have been available to trade.

The company’s stock has a 5-day price change of -4.58% and -4.86% over the past three months. NOK shares are trading -2.63% year to date (YTD), with the 12-month market performance down to -31.62% lower. It has a 12-month low price of $2.94 and touched a high of $4.97 over the same period. NOK has an average intraday trading volume of 15.08 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.83%, -6.49%, and -8.45% respectively.

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Institutional ownership of Nokia Corp ADR (NYSE: NOK) shares accounts for 5.46% of the company’s 5.53B shares outstanding.

It has a market capitalization of $18.40B and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 26.06, while the earnings-per-share (ttm) stands at $0.13. The company has a PEG of 3.88 and a Quick Ratio of 1.41 with the debt-to-equity ratio at 0.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.80% over the week and 1.87% over the month.

Analysts forecast that Nokia Corp ADR (NOK) will achieve an EPS of $NOK/DKK for the current quarter, $0.64 for the next quarter and $Currency for Type. The lowest estimate earnings-per-share for the quarter is $NOK/CAD while analysts give the company a high EPS estimate of $NOK/GBP. Comparatively, EPS for the current quarter was $NOK/JPY a year ago. Earnings per share for the fiscal year are expected to increase by 16.83%, and 0.86% over the next financial year.

JP Morgan on their part issued Neutral rating on November 30, 2023.

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