Stocks of Nokia Oyj (NYSE:NOK) traded higher last session on Wall Street, unchanged to $3.81.
According to the data, Nokia Oyj (NYSE:NOK) has 29 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 $7.80 and a low of $4.35, we find $5.49. Given the previous closing price of $3.81, this indicates a potential upside of 44.09 percent. NOK stock price is now -5.18% away from the 50-day moving average and -14.12% away from the 200-day moving average. The market capitalization of the company currently stands at $21.41B.
A total of 8 analysts have issued a hold rating and 18 have given it a buy rating. Brokers who have rated the stock have averaged $5.58 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 $26,099,000. TEGEAN CAPITAL MANAGEMENT, LLC invested $1,905,000 in shares of NOK during the first quarter. In the first quarter, QUANTBOT TECHNOLOGIES LP acquired a new stake in Nokia Oyj valued at approximately $1,302,000. ADVISER INVESTMENTS LLC acquired a new stake in NOK for approximately $1,048,000. ATOMI FINANCIAL GROUP, INC. purchased a new stake in NOK valued at around $681,000 in the second quarter. In total, there are 549 active investors with 7.80% ownership of the company’s stock.
Monday’s opening bell rang with an opening price of $3.8200 for Nokia Oyj (NYSE: NOK). During the past 12 months, Nokia Oyj has had a low of $3.75 and a high of $5.19. 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 $18.64B, which is based on a 4.77 price-to-earnings ratio, a 0.71 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for NOK is $4.0182 and a two-hundred day moving average price translates $4.4363 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 2.81% 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 12.50%.
