As of Friday close, Nokia Oyj’s (NYSE:NOK) stock was up $0.02, moving up 0.51 percent to $3.91. The average number of shares traded per day over the past five days has been 19,476,420 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.02 fall in that time frame. In the last twenty days, the average volume was 21,229,215, while in the previous 50 days, it was 16,978,775.
Since last month, NOK stock retreated -5.56%. Shares of the company fell to $3.83 on 07/17/23, the lowest level in the past month. A 52-week high of $5.28 was reached on 01/13/23 after having rallying from a 52-week low of $3.83. Since the beginning of this year, NOK’s stock price has dropped by -15.73% or -$0.73, and marked a new high 7 times. However, the stock has declined by -25.95% since its 52-week high.
Valuation Metrics
Right now, Nokia Oyj (NOK) has a P/E ratio of about 4.85. The stock’s beta is 0.97. Besides these, the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 0.93.
The latest dividend of $0.0336 per share was paid out, which is 2.13% more than last year’s $0.0329. On Monday February 6 2023, a $0.0006 dividend increase was announced.
Financial Health
In the three months ended June 29, Nokia Oyj’s quick ratio stood at 1.30, while its current ratio was 1.60, 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 June 29 was 0.21, and the total debt-to-equity ratio was 0.25. On the profitability front, the trailing twelve-month gross margin is 39.90% percent. In the year ended June 29, EBITDA margin amounted to 15.94%, whereas operating margins totaled 9.10%. Based on annual data, NOK earned $10.77 billion in gross profit and brought in $26.25 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 16.20%. Return on equity (ROE) for the past 12 months was 19.90%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NOK’s revenue rose 10.87% during the quarter, while net income inched up to $27.9 billion. While analysts expected Nokia Oyj to report $0.08 quarterly earnings, the actual figure was $0.08 per share. During the quarter, the company generated $819.05 million in EBITDA. The liabilities of Nokia Oyj were 21.23 billion at the end of its most recent quarter ended June 29, and its total debt was $5.2 billion.
Technical Picture
This quick technical analysis looks at Nokia Oyj’s (NOK) price momentum. With a historical volatility rate of 11.72%, the RSI 9-day stood at 40.35% on 04 August.
With respect to its five-day moving average, the current Nokia Oyj price is down by -0.51% percent or -$0.02. At present, NOK shares trade -5.78% below its 20-day simple moving average and -16.09% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.98% below its SMA50 and -14.63% below its SMA200.
Stochastic coefficient K was 51.67% and Stochastic coefficient D was 45.30%, while ATR was 0.07. Given the Stochastic reading of 41.67% for the 14-day period, the RSI (14) reading has been calculated as 41.81%. As of today, the MACD Oscillator reading stands at -0.02, while the 14-day reading stands at -0.02.
Analyst Ratings
Nokia Oyj downgraded its rating on Nokia Oyj (NYSE: NOK) to a Neutral in a note to investors on January 31, 2023. The analysts firm previously had a Buy rating on the stock.Nokia Oyj (NOK) has been rated Overweight by analysts. According to 0 brokerage firms, NOK is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Nokia Oyj stock as buy, with 18 recommending it as overweight.
With a median target price of $5.43, the current consensus forecast for the stock is $4.35 – $7.80. Based on these forecasts, analysts predict Nokia Oyj (NOK) will achieve an average price target of $5.54.
