The stock of Nokia Oyj (NYSE:NOK) decreased by -$0.02 on Monday to finish at $3.87, down -0.51 percent. The last five days have seen an average of 14,475,560 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$0.77. The average number of shares traded over the last 20 days was 18,091,426, while the average volume over the last 50 days totaled 16,764,221.
NOK stock dropped -2.76% since last month. On 07/17/23, the company’s shares reached a one-month low of $3.83. The stock touched a high of $5.21 on 01/13/23, after rallying from a low of $3.83 in 52 weeks. The price of NOK stock has declined by -16.59% or -$0.77 this year, reaching a new high 7 times. Still, the stock price is down -25.72% from the 52-week high.
Valuation Metrics
Nokia Oyj (NOK) has a trailing price-to-earnings (P/E) ratio of 4.80. Beta for the stock is 0.96. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.80, the price-to-book (PB) ratio of 0.92, and the price-to-cash flow ratio of 206.63.
Company paid $0.0336 per share in dividends, an increase of 2.13% from $0.0329 last year. A $0.0006 dividend increase was reported on Monday February 6 2023.
Financial Health
For the three months ended June 29, Nokia Oyj’s quick ratio was 1.30, while its current ratio was 1.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.21, and the total debt to equity ratio is 0.25. As far as profitability goes, gross margin for the trailing twelve months is 39.90% percent. Nokia Oyj’s operating margin stood at 9.10% for the same period. Based on annual data, it had gross profit of $10.77 billion and revenue of $26.25 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NOK’s return on assets (ROA) during the last 12 months has been 9.90%. There was a 16.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.90%.
Earnings Surprise
According to Nokia Oyj’s quarterly financial report for the quarter that ended June 29, it had $171.36 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $27.9 billion, while revenues rose by 10.87% to $0.0. It was predicted that Nokia Oyj’s quarterly earnings would be $0.08, but it ended up being $0.08. EBITDA was $819.05 million for the quarter. At the end of Nokia Oyj’s most recent quarter ended June 29, its liabilities totaled 21.23 billion, while its total debt was $5.2 billion.
Technical Picture
Here’s a quick look at Nokia Oyj’s (NOK) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 37.40%, suggesting the stock is Neutral, with a 12.60% historical volatility rate.
The stochastic %K and %D were 38.10% and 44.57% respectively, while the average true range (ATR) was 0.07. Based on the 14-day stochastic reading of 14.29%, the RSI (14) reading is 39.93%. On the 9-day MACD Oscillator, the stock is at 0.00, and the 14-day reading is at -0.01.
Analyst Ratings
Nokia Oyj (NYSE: NOK) was downgraded by UBS to a a Neutral rating in its latest research report. The stock was previously rated as a a Buy.
