Nokia Oyj (NYSE:NOK) does about 20.07M shares in volume on a normal day but saw 34437348 shares change hands in Monday trading. The company now has a market cap of 26.76B USD. Its current market price is $4.63, marking an increase of 0.43% compared to the previous close of $4.61. The 52 week high reached by this stock is $6.00 whilst the lowest price level in 52 weeks is $4.08. The script in recent trading has seen the stock touch a high of $4.67 and a low of $4.61.
Nokia Oyj (NOK) has a 20-day trading average at $4.75 and the current price is -22.83% off the 52-week high compared with 13.48% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.77 and its 200-day simple moving average is $4.81. If we look at the stock’s price movements over the week, volatility stands at 1.99%, which decreases to 1.70% 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 42.50 to suggest the stock is neutral.
The consensus objective for the share price is $6.66, suggesting that the stock has a potential upside of 30.48% over the period.
The current price level is -2.44%, -2.88%, and -3.81% away from its SMA20, SMA50, and SMA200 respectively, with the NOK price moving above the 50-day SMA on January 23. Nokia Oyj (NOK) stock is down -7.95% over the week and 1.09% over the past month. Its price is -0.22% year-to-date and -17.76% over the past year.
NOK’s earnings per share are forecast to shrink by -4.50% this year and 9.50% over next year. Expected sales for next quarter are $5.66 billion, which analysts say will come at $25.71 billion for the current fiscal year and next year at $26.18 billion. In addition, estimates put the company’s current quarterly revenue at an average of $7.2 billion.
To reach the target analysts have set, the stock logically needs to grow 30.48 percent from here.
Outstanding shares total 5.61B with insiders holding 0.01% of the shares and institutional holders owning 7.84% of the company’s common stock. The company has a return on investment of 8.20% and return on equity of 9.60%. The price to earnings ratio (P/E ratio) amounts to 14.25 while the forward price to earnings ratio is 10.07. The beta has a value of 0.91. Price to book ratio is 1.22 and price to sales ratio is 1.04.
According to a U.S. Securities and Exchange Commission filing, Neuberger Berman Investment Funds has reduced its position in Nokia Oyj (NOK) to 8,116,341 shares, mirroring a recent drop by -18.78%. Neuberger Berman Investment Funds dumped -1.88 million shares of Nokia Oyj common stock bringing its total worth to about $37.66 million at the end of recent close, SEC documents show.