Nokia Corporation [NOK] stock is up 1.54 while the S&P 500 has fallen -0.17% on Thursday, 11/19/20. While at the time of this article, NOK ATR is sitting at 0.14, with the beta value at 0.69. This stock’s volatility for the past week remained at 2.25%, while it was 3.06% for the past 30-day period. NOK has risen $0.06 from the previous closing price of $3.89 on volume of 10.58 million shares.

On 19, November 2020, Nokia launches world’s first 25 Gbps symmetrical PON solution. According to news published on Yahoo Finance, Press Release.

Analyst Birdseye View:

The most recent analyst activity for Nokia Corporation [NYSE:NOK] stock was on October 30, 2020, when it was Downgrade with a Neutral rating from BofA Securities. On September 08, 2020, Raymond James Downgrade a Mkt perform rating. On July 08, 2020, JP Morgan Downgrade a Neutral rating. On June 01, 2020, JP Morgan Upgrade an Overweight rating. On March 27, 2020, Goldman Upgrade a Neutral rating. On March 02, 2020, Northland Capital Initiated an Outperform rating and boosted its target amount on this stock to $6.

In the past 52 weeks of trading, this stock has oscillated between a low of $2.34 and a peak of $5.14. Right now, according to Wall Street analyst the average 12-month amount target is $4.43. At the most recent market close, shares of Nokia Corporation [NYSE:NOK] were valued at $3.95. According to the average price forecast, investors can expect a potential return of 0.45%.

FUNDAMENTAL ANALYSIS

Nokia Corporation [NYSE:NOK] most recently reported quarterly sales of 5.29 billion, which represented growth of -6.90%. This company’s Gross Margin is currently 38.20%, its Operating Margin is 5.60%, its Pretax Margin is +0.62, and its Net Margin is +0.06. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.03, 0.09, 6.92 and 0.07 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 25.72 and the whole liability to whole assets at 13.00. It shows enduring liability to the whole principal at 23.05 and enduring liability to assets at 0.12 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 3.85 points at 1st support level, the second support level is making up to 3.81. But as of 1st resistance point, this stock is sitting at 3.92 and at 3.95 for 2nd resistance point.

Nokia Corporation [NOK] reported its earnings at $0.06 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.07/share signifying the difference of -0.01 and -14.30% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.07 calling estimates for $0.03/share with the difference of 0.04 depicting the surprise of 133.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Nokia Corporation [NYSE:NOK] is 1.50. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.50. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.79, it’s amount to book ratio is 1.21 and showing 25.10 of P/E (TTM) ratio.