A View of Nokia Oyj (NOK) Stock’s Fundamentals and Valuations

At the time of writing, Nokia Oyj [NOK] stock is trading at $4.82, up up 0.21%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOK shares have lost -2.43% over the last week, with a monthly amount drifted -7.84%, and not seem to be holding up well over a long-time horizon.

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On 30, August 2022, Nokia Corporation: Repurchase of own shares on 30.08.2022. In a post published today on Yahoo Finance, Nokia CorporationStock Exchange Release30 August 2022 at 21:00 EEST.

From an analyst’s perspective:

Nokia Oyj [NYSE: NOK] stock has seen the most recent analyst activity on July 22, 2022, when Kepler downgraded its rating to a Hold. Previously, Citigroup upgraded its rating to Buy on June 14, 2022. On March 17, 2022, Jefferies initiated with a Buy rating. Raymond James upgraded its rating to a Outperform but stick to its price target of $6.50 on March 14, 2022. Morgan Stanley initiated its recommendation with a Overweight and recommended $7.50 as its price target on December 20, 2021. Cowen upgraded its rating to Outperform for this stock on July 30, 2021, and upped its price target to $8. In a note dated July 14, 2021, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $4.30 to $7.80.

For the past year, the stock price of Nokia Oyj fluctuated between $4.37 and $6.40. Currently, Wall Street analysts expect the stock to reach $6.49 within the next 12 months. Nokia Oyj [NYSE: NOK] shares were valued at $4.82 at the most recent close of the market. An investor can expect a potential return of 34.65% based on the average price forecast.

Analyzing the NOK fundamentals

According to Nokia Oyj [NYSE:NOK], the company’s sales were 5.87 billion in the recent quarter, which represents an 10.50% jump. Gross Margin for this corporation currently stands at +40.93% with Operating Margin at +10.79%, Pretax Margin comes in at +8.63%, and Net Margin reading is +7.35%. To continue investigating profitability, this company’s Return on Assets is posted at 4.05, Equity is 10.94, Total Capital is 11.36, and Invested Capital is 7.98. An extended look at the Principal structure reveals enduring liabilities to the total capital of 24.59 and enduring liabilities to assets of 13.28.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.78 points at the first support level, and at 4.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.87, and for the 2nd resistance point, it is at 4.91.

Nokia Oyj [NOK] reported earnings per share of $0.11 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.1/share, meaning a difference of $0.01 and a surprise factor of 10.00%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $0.08 per share as compared to estimates of $0.07 per share, a difference of $0.01 representing a surprise of 14.30%.

Ratios To Look Out For

It is important to note that Nokia Oyj [NYSE:NOK] has a current ratio of 1.60. In addition, the Quick Ratio stands at 1.42 and the Cash Ratio stands at 0.77. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 1.81 and the P/E (TTM) ratio is 16.79.