Nokia Oyj (NYSE:NOK) finished Thursday with a subtraction of -$0.06 to close at $3.77, a downside of -1.57 percent. An average of 11,854,899 shares of common stock have been traded in the last five days. The last 20 days have seen an average of 14,422,479 shares traded, while the 50-day average volume stands at 16,684,369.
NOK stock has decreased by -4.80% in the last month. The company shares reached their 1-month lowest point of $3.75 on 08/16/23. With the stock rallying to its 52-week high on 01/13/23, shares of the company touched a low of $3.75 and a high of $5.19 in 52 weeks. It has reached a new high 7 times so far this year and lost -18.75% or -$0.87 in price. In spite of this, the price is down -27.36% from the 52-week high.
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Valuation Metrics
Nokia Oyj (NOK) has a trailing price-to-earnings (P/E) ratio of 4.72. The stock’s beta is 0.97. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.77, the price-to-book (PB) ratio at 0.91, and the price-to-cash flow ratio at 212.51.
The company has a payout ratio of 12.50%. The company’s most recent quarterly dividend payment was $0.0336 a share, representing a up of 2.13% from $0.0329 last year. Its latest increase dividend $0.0006 reported on Monday February 6 2023.
Financial Health
The quick ratio of Nokia Oyj for the three months ended June 29 was 1.30, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.21 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Nokia Oyj’s EBITDA margin for the year ending June 29 is 15.94%, while its operating margin for the same period stands at 9.10%. Its gross profit as reported stood at $10.77 billion compared to revenue of $26.25 billion.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $4.76 billion in the quarter, while revenues were grew 61.81%. The analyst consensus anticipated Nokia Oyj’s latest quarter earnings to come in at $0.08 per share, but it turned out to be $0.08, a 0.00% surprise. For the quarter, EBITDA amounted to $819.05 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nokia Oyj (NOK) price momentum. RSI 9-day as of the close on 24 August was 34.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.69%.
As of today, NOK’s price is $3.80 unch or $unch from its 5-day moving average. NOK is currently trading -3.33% lower than its 20-day SMA and -23.22% lower than its 100-day SMA. However, the stock’s current price level is -7.60% below the SMA50 and -13.73% below the SMA200.
The stochastic %K and %D were 20.83% and 23.61%, respectively, and the average true range (ATR) was 0.06. With the 14-day stochastic at 8.33% and the average true range at 0.07, the RSI (14) stands at 36.68%. The stock has reached 0.00 on the 9-day MACD Oscillator while the 14-day reading was at -0.04.
Analyst Ratings
UBS downgraded Nokia Oyj (NYSE: NOK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy.
