The price of Nokia Oyj (NYSE:NOK) shares last traded on Wall Street fell -0.26% to $3.90.
Based on available information, 30 analysts follow Nokia Oyj (NYSE:NOK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.80 and a low of $4.35, we find $5.43. Given the previous closing price of $3.91, this indicates a potential upside of 38.87 percent. NOK stock price is now -3.69% away from the 50-day moving average and -12.62% away from the 200-day moving average. The market capitalization of the company currently stands at $21.75B.
Among analysts, 9 rate the stock a hold while 18 rate it a buy. Brokers who have rated the stock have averaged $5.54 as their price target over the next twelve months.
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 CAPITAL GROWTH MANAGEMENT LP during the first quarter worth $26,715,000. HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND invested $4,863,000 in shares of NOK during the first quarter. In the first quarter, FLPUTNAM INVESTMENT MANAGEMENT CO acquired a new stake in Nokia Oyj valued at approximately $1,555,000. ADVISER INVESTMENTS LLC acquired a new stake in NOK for approximately $1,072,000. PANAGORA ASSET MANAGEMENT INC purchased a new stake in NOK valued at around $1,010,000 in the second quarter. In total, there are 549 active investors with 7.80% ownership of the company’s stock.
A candlestick chart of Nokia Oyj (NYSE: NOK) showed a price of $3.9400 on Monday morning. During the past 12 months, Nokia Oyj has had a low of $3.83 and a high of $5.28. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.60, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $19.16B, which is based on a 4.85 price-to-earnings ratio, a 0.72 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for NOK is $4.0486 and a two-hundred day moving average price translates $4.4596 for the stock.
The latest earnings results from Nokia Oyj (NYSE: NOK) was released for Jun, 2023. According to the Communication Equipment Company, earnings per share came in at $0.08, inline with analysts’ expectations of $0.08. This compares to $0.09 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 19.90% for NOK. The company reported revenue of $6.23 billion for the quarter, compared to $6.25 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.38 percent. For the current quarter, analysts expect NOK to generate $6.3B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/08/2023. Investors who held shares on 07/25/2023 were paid a $0.033558 dividend. On an annualized basis, this represents a $0.11 dividend and a 2.77% percent yield. There was an ex-dividend date of 07/24/2023 for this dividend. In terms of dividend payout ratio, NOK is presently at 12.40%.
Nokia Oyj(NOK) Company Profile
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks and microwave radio links for transport networks, and solutions for network management, as well as network planning, optimization, network deployment, and technical support services. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, Wi-Fi in-home solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, business, mobile, cloud, and digital industry applications, as well as software-defined WAN solutions; 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 cloud and network services, including core network solutions, such as voice and packet core; business applications, which covers security, automation, and monetization; cloud and cognitive services; and enterprise solutions covering private wireless and industrial automation. 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.
