Nokia Oyj (NYSE:NOK) remained unchanged to close Monday at $3.81 after subtracting $0.0 on the day. The 5-day average trading volume is 11,524,900 shares of the company’s common stock. It has gained $3.85 in the past week and touched a new high 1 time within the past 5 days. An average of 15,505,745 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 16,770,523.
NOK’s 1-month performance is -3.30% or -$0.13 on its low of $3.75 reached on 08/16/23. The company’s shares have touched a 52-week low of $3.75 and high of $5.19, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, NOK has lost -17.89% or -$0.83 and has reached a new high 7 times. However, the current price is down -26.59% from the 52-week high price.
Valuation Metrics
NOK stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.78 while the price-to-book (PB) in the most recent quarter is 0.92, with the price to cash flow ratio at 214.76.
Nokia Oyj’s quick ratio for the period ended June 29 was 1.30, with the current ratio over the same period at 1.60. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.21, while the total debt to equity was 0.25. In terms of profitability, the gross margin trailing 12 months is 39.90%. The trailing 12-month EBITDA margin is 15.94% while for the period ending June 29, Nokia Oyj’s operating margin was 9.10%. The firm’s gross profit as reported stood at $10.77 billion against revenue of $26.25 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 61.81% to $4.76 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NOK to announce $0.08 per share in earnings in its latest quarter, but it posted $0.08, representing a 0.00% surprise. EBITDA for the quarter stood at more than $819.05 million. NOK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 21.23 billion, with total debt at $5.2 billion.
Let’s look briefly at Nokia Oyj (NOK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 37.53% to suggest the stock is trending Neutral, with historical volatility in this time period at 15.96%.
The stock’s 5-day moving average is $3.79, reflecting a -1.55% or -$0.06 change from its current price. NOK is currently trading -3.79% above its 20-day SMA, -18.59% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -4.51% and SMA200 by-13.80%.
Stochastic %K and %D was 19.44% and 13.62% and the average true range (ATR) pointed at 0.06. The RSI (14) points at 38.65%, while the 14-day stochastic is at 25.00% with the period’s ATR at 0.07. The stock’s 9-day MACD Oscillator is pointing at -0.04 and -0.07 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Nokia Oyj (NYSE: NOK), UBS downgraded it to a Neutral rating. They previously had a Buy rating on the stock. Analysts offering their rating for NOK stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NOK as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 18 have offered a “buy” rating.
