Nokia Corp ADR (NYSE:NOK) shares, rose in value on Friday, January 03, with the stock price down by -0.39% to the previous day’s close as strong demand from buyers drove the stock to $4.44.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.46, falling within a range of $4.42 and $4.45. The value of beta (5-year monthly) is 0.737 whereas the PE ratio is 54.65 over 12-month period. Referring to stock’s 52-week performance, its high was $4.95, and the low was $3.29. On the whole, NOK has fluctuated by 5.03% over the past month.
With the market capitalization of Nokia Corp ADR currently standing at about $24.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 3.16%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.14B, with a low estimate of 5.46B and a high estimate of 5.87B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 5.7B.
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 50% Buy on average. However, medium-term indicators have put the stock in the category of 50% 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 4.91, with the price of NOK currently trading nearly 0.39% and -0.35% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 52.49, while the 7-day volatility ratio is showing 1.33% which for the 30-day chart, stands at 1.80%. Furthermore, Nokia Corp ADR (NOK)’s beta value is 1.06, 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 -0.39% in today’s session so far, and over the past year, it grew by 31.06%%.
Data on historical trading for Nokia Corp ADR (NYSE:NOK) indicates that the trading volumes over the past 10 days have averaged 9.9 and over the past 3 months, they’ve averaged 17.38 million. According to company’s latest data on outstanding shares, there are 5.45 billion shares outstanding.
Nearly 0.00% of Nokia Corp ADR’s shares belong to company insiders and institutional investors own 7.53% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 50.85 million shares as on 2024-12-13, resulting in a short ratio of 2.84. According to the data, the short interest in Nokia Corp ADR (NOK) stood at 94.00 of shares outstanding as of 2024-12-13; the number of short shares registered in 2024-11-15 reached 56.46 million. The stock has risen by 0.29% 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.
