Do Analysts Think Nokia Corp ADR (NOK) Is Still Worth Buying In 2024?

Nokia Corp ADR (NYSE:NOK) does about 13.68M shares in volume on a normal day but saw 9673972 shares change hands in Tuesday trading. The company now has a market cap of 21.47B USD. Its current market price is $3.89, marking no change compared to the previous close of $3.89. The 52 week high reached by this stock is $4.36 whilst the lowest price level in 52 weeks is $2.94.

Nokia Corp ADR (NOK) has a 20-day trading average at $3.78 and the current price is -10.78% off the 52-week high compared with 32.31% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.78 and its 200-day simple moving average is $3.57. If we look at the stock’s price movements over the week, volatility stands at 1.54%, which increases to 1.59% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.36 to suggest the stock is neutral.

The consensus objective for the share price is $4.31, suggesting that the stock has a potential upside of 9.74% over the period.

Nokia Corp ADR (NOK) stock is up 4.29% over the week and -0.26% over the past month. Its price is 13.74% year-to-date and -6.49% over the past year.

To reach the target analysts have set, the stock logically needs to grow 9.74 percent from here.

The company has a return on investment of 3.30% and return on equity of 3.85%. The price to earnings ratio (P/E ratio) amounts to 24.39 while the forward price to earnings ratio is 10.85. The beta has a value of 1.12. Price to book ratio is 0.94 and price to sales ratio is 0.94.