Nokia Oyj (NOK) Is A Stock You Should Watch


As of Wednesday close, Nokia Oyj’s (NYSE:NOK) stock was up $0.01, moving up 0.21 percent to $4.79. The average number of shares traded per day over the past five days has been 18,996,719 shares. 2 times new highs have been achieved over the past 5 days, with a $0.08 gain in that time frame. In the last twenty days, the average volume was 22,986,920, while in the previous 50 days, it was 26,115,471.

Since last month, NOK stock rose 8.62%. Shares of the company fell to $4.22 on 11/03/22, the lowest level in the past month. A 52-week high of $6.40 was reached on 01/05/22 after having rallying from a 52-week low of $4.08. Since the beginning of this year, NOK’s stock price has dropped by -22.99% or -$1.43, and marked a new high 2 times. However, the stock has declined by -25.11% since its 52-week high.

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Valuation Metrics

Right now, Nokia Oyj (NOK) has a P/E ratio of about 15.40. The stock’s beta is 0.88. Besides these, the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 1.32, and the price-to-cash flow ratio of 36.87 may also be considered.

The latest dividend of $0.0136 per share was paid out, which is -33.66% less than last year’s $0.0205. On Thursday October 20 2022, a $0.0069 dividend decrease was announced.

Financial Health

In the three months ended September 29, Nokia Oyj’s quick ratio stood at 1.30, while its current ratio was 1.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.27, and the total debt-to-equity ratio was 0.29. On the profitability front, the trailing twelve-month gross margin is 40.10% percent. In the year ended September 29, EBITDA margin amounted to 15.88%, whereas operating margins totaled 9.10%. Based on annual data, NOK earned $10.45 billion in gross profit and brought in $26.27 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.20%. Return on equity (ROE) for the past 12 months was 9.60%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NOK’s revenue rose 1.58% during the quarter, while net income inched up to $24.87 billion. While analysts expected Nokia Oyj to report $0.1 quarterly earnings, the actual figure was $0.1 per share. During the quarter, the company generated $884.42 million in EBITDA. The liabilities of Nokia Oyj were 23.26 billion at the end of its most recent quarter ended September 29, and its total debt was $5.69 billion.

Technical Picture

This quick technical analysis looks at Nokia Oyj’s (NOK) price momentum. With a historical volatility rate of 21.23%, the RSI 9-day stood at 63.11% on 23 November.

With respect to its five-day moving average, the current Nokia Oyj price is up by +1.70% percent or $0.08. At present, NOK shares trade +8.13% above its 20-day simple moving average and +5.27% percent above its 100-day simple moving average. However, the stock is currently trading approximately -3.04% below its SMA50 and -15.82% below its SMA200.

Stochastic coefficient K was 82.50% and Stochastic coefficient D was 82.03%, while ATR was 0.11. Given the Stochastic reading of 85.96% for the 14-day period, the RSI (14) reading has been calculated as 59.71%.

Analyst Ratings

Morgan Stanley launched its rating on Nokia Oyj (NYSE: NOK) to an Equal-weight in a note to investors on November 08, 2022. Nokia Oyj (NOK) has been rated Overweight by analysts. According to 0 brokerage firms, NOK is a sell, and 6 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Nokia Oyj stock as buy, with 21 recommending it as overweight.

With a median target price of $5.94, the current consensus forecast for the stock is $4.43 – $8.00. Based on these forecasts, analysts predict Nokia Oyj (NOK) will achieve an average price target of $6.02.


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