Nokia Corp ADR (NYSE:NOK) shares, rose in value, with the stock price up by 0.88% to the previous day’s close as strong demand from buyers drove the stock to $5.22.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.17. The PE ratio was 20.89 over 12-month period. Referring to stock’s 52-week performance, its high was $5.18, and the low was $3.29. On the whole, NOK has fluctuated by 10.50% over the past month.
With the market capitalization of Nokia Corp ADR currently standing at about $28.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for in April. The company’s Forward Dividend Ratio is 0.14, with its dividend yield at 2.67%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 19.63B, with a low estimate of 4.23B and a high estimate of 4.56B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 4.37B.
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 price of NOK currently trading nearly 5.49% and 10.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.60, while the 7-day volatility ratio is showing 3.13% which for the 30-day chart, stands at 2.00%. Furthermore, Nokia Corp ADR (NOK)’s beta value is 1.03, and its average true range (ATR) is 0.13.
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 0.88% in today’s session so far, and over the past year, it grew by 44.48%%.
Data on historical trading for Nokia Corp ADR (NYSE:NOK) indicates that the trading volumes over the past 3 months, they’ve averaged 18.53 million. According to company’s latest data on outstanding shares, there are 5.37 billion shares outstanding.
Nearly 0.00% of Nokia Corp ADR’s shares belong to company insiders and institutional investors own 9.25% of the company’s shares. The stock has risen by 17.73% 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.
