Stocks of Nokia Oyj (NYSE:NOK) traded higher last session on Wall Street, up 0.42% to $4.73.
According to the data, Nokia Oyj (NYSE:NOK) has 31 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $8.00 and a low of $4.43, we find $5.94. Given the previous closing price of $4.71, this indicates a potential upside of 26.11 percent. NOK stock price is now 4.79% away from the 50-day moving average and -4.22% away from the 200-day moving average. The market capitalization of the company currently stands at $25.91B.
A total of 6 analysts have issued a hold rating and 21 have given it a buy rating. Brokers who have rated the stock have averaged $6.02 as their price target over the next twelve months.
, while ‘Redburn’ rates the stock as ‘Buy’.
There have been several recent changes in the stakes of large investors in NOK stock. A new stake in Nokia Oyj shares was purchased by ALYESKA INVESTMENT GROUP, L.P. during the first quarter worth $39,024,000. CAPITAL GROWTH MANAGEMENT LP invested $32,401,000 in shares of NOK during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Nokia Oyj valued at approximately $18,360,000. CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. acquired a new stake in NOK for approximately $5,858,000. SINGLE POINT PARTNERS, LLC purchased a new stake in NOK valued at around $388,000 in the second quarter. In total, there are 592 active investors with 7.40% ownership of the company’s stock.
Thursday’s opening bell rang with an opening price of $4.6400 for Nokia Oyj (NYSE: NOK). During the past 12 months, Nokia Oyj has had a low of $4.08 and a high of $6.40. As of last week, the company has a debt-to-equity ratio of 0.29, a current ratio of 1.50, and a quick ratio of 1.30. The fifty day moving average price for NOK is $4.5136 and a two-hundred day moving average price translates $4.9383 for the stock.
The latest earnings results from Nokia Oyj (NYSE: NOK) was released for Sep, 2022. According to the Communication Equipment Company, earnings per share came in at $0.1, inline with analysts’ expectations of $0.1. This compares to $0.00 EPS in the same period last year. The net profit margin was 7.40% and return on equity was 9.60% for NOK. The company reported revenue of $6.25 billion for the quarter, compared to $6.4 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.37 percent. For the current quarter, analysts expect NOK to generate $7.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/08/2022. Investors who held shares on 10/25/2022 were paid a $0.019602 dividend. On an annualized basis, this represents a $0.06 dividend and a 1.29% percent yield. There was an ex-dividend date of 10/24/2022 for this dividend. In terms of dividend payout ratio, NOK is presently at 18.10%.
Nokia Oyj(NOK) Company Profile
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, and cloud and virtualization services, as well as wi-fi portfolio, including mesh solutions and cloud-based controllers; IP routing solutions for IP aggregation, and edge and core applications for residential, business, mobile, and industrial services; a portfolio of optical networks comprising portfolio coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems for metro access and aggregation, data center interconnect, regional, and long-haul/ultra-long-haul applications; and submarine networks. In addition, it offers business applications software, cloud and cognitive services, core networks software, and enterprise solutions. Further, the company provides hardware, software, and services, as well as licensing of intellectual property, including patents, technologies, and the Nokia brand. It serves communications service providers, webscales, hyperscalers, digital industries, and government. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.