Nokia Corp ADR (NYSE: NOK) Emerges As Guiding Light For Investors

Nokia Corp ADR (NYSE:NOK) currently has a daily average trading volume of 14.96M but it saw 7920535 shares traded in last market. With a market cap of 19.51B USD, the company’s current market price of $3.53 came falling about -1.40 while comparing to the previous closing price of $3.58. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.97 and as low as $2.94.

Taking a look at 20-day trading activity of Nokia Corp ADR (NOK) gives us an average price of $3.58, while its current price level is -28.97% below from 52-week high level whereas it is 20.07% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $3.59 while that of 200 days or SMA-200 reads an average of $3.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.17% during that period while stretching the period over a month that decreases to 1.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.27 which implies that the stock is in neutral territory.

Over the week, NOK’s stock price is moving -1.94% down while it is 0.28% when we observe its performance for the past one month. Year-to-date it is 3.22% up and over the past year, the stock is showing a downside performance of -27.66%.

The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of $0.11 beaten by the consensus estimate of $0.15 for the same. For NOK, analysts are forecasting an EPS-growth rate of 16.10% for current year and estimate for EPS growth in next year is 8.30%. In next quarter, company is expected to be making quarterly sales of $5.44 billion as analysts are expecting the sales for current fiscal year at $23.59 billion and seeing the company making $23.86 billion in sales next year. Moreover, analysts are in estimates of $5.11 billion for current-quarter revenue.

Currently, Nokia Corp ADR’s total number of outstanding shares is 5.53B with 0.00% of that held by the insiders while 5.57% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 2.61% and return on equity (ROE) at 3.14%. It has a price to earnings ratio (P/E ratio) of 27.62 while having a 9.36 of forward P/E ratio. Stock’s beta reads 1.10. Stock has a price to book (P/B) ratio of 0.86 while price to sale or P/S ratio amounts to 0.81. Its return on asset (ROA) is 1.45% on average.