Are Analysts Too Bullish On Nokia Corp ADR (NOK)

Nokia Corp ADR (NYSE:NOK) currently has a daily average trading volume of 19.54M but it saw 16960618 shares traded in last market. With a market cap of 24.32B USD, the company’s current market price of $4.46 came falling about -0.89 while comparing to the previous closing price of $4.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $4.95 and as low as $2.94. In the recent trading on the day, stock has struck highest price mark of $4.44 while lowest mark touched by it was $4.47.

Taking a look at 20-day trading activity of Nokia Corp ADR (NOK) gives us an average price of $4.67, while its current price level is -9.90% below from 52-week high level whereas it is 51.70% 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 $4.46 while that of 200 days or SMA-200 reads an average of $3.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.47% during that period while stretching the period over a month that increases to 1.97%. 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 42.91 which implies that the stock is in neutral territory.

Over the week, NOK’s stock price is moving -2.62% down while it is 1.13% when we observe its performance for the past one month. Year-to-date it is 30.41% up and over the past year, the stock is showing an upside performance of 28.16%.

Currently, Nokia Corp ADR’s total number of outstanding shares is 5.53B. Company’s return on investment (ROI) stands at 1.71% and return on equity (ROE) at 4.26%. It has a price to earnings ratio (P/E ratio) of 54.86 while having a 13.01 of forward P/E ratio. Stock’s beta reads 1.11. Stock has a price to book (P/B) ratio of 1.07 while price to sale or P/S ratio amounts to 1.17. Its return on asset (ROA) is 2.26% on average.