Nokia Corp ADR (NYSE:NOK) shares, rose in value, with the stock price down by -1.34% to the previous day’s close as strong demand from buyers drove the stock to $4.41.
Actively observing the price movement in the last trading, the stock closed the session at $4.47, falling within a range of $4.3901 and $4.46. The value of beta (5-year monthly) was 0.73 whereas the PE ratio was 58.96 over 12-month period. Referring to stock’s 52-week performance, its high was $4.52, and the low was $2.94. On the whole, NOK has fluctuated by 5.25% over the past month.
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With the market capitalization of Nokia Corp ADR currently standing at about $24.25 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-17. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 3.17%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 22.37B, with a low estimate of 4.82B and a high estimate of 5.67B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.37B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOK’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 5.30, with the price of NOK currently trading nearly 1.92% and 5.29% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.26, while the 7-day volatility ratio is showing 1.34% which for the 30-day chart, stands at 1.64%. Furthermore, Nokia Corp ADR (NOK)’s beta value is 1.13, and its average true range (ATR) is 0.08.
A comparison of Nokia Corp ADR (NOK) with its peers suggests the former has fared considerably weaker in the market. NOK showed an intraday change of -1.34% in last session, and over the past year, it grew by 22.50%%.
Data on historical trading for Nokia Corp ADR (NYSE:NOK) indicates that the trading volumes over the past 10 days have averaged 13.9 and over the past 3 months, they’ve averaged 16.93 million. According to company’s latest data on outstanding shares, there are 5.53 billion shares outstanding.
Nearly 0.00% of Nokia Corp ADR’s shares belong to company insiders and institutional investors own 6.05% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 47.79 million shares as on 2024-09-30, resulting in a short ratio of 2.07. According to the data, the short interest in Nokia Corp ADR (NOK) stood at 88.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 24.57 million. The stock has risen by 28.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOK stock heading into the next quarter.
