A share price of Nokia Corp ADR [NOK] is currently trading at $3.67, up 4.26%. 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 gain 3.09% over the last week, with a monthly amount glided 3.09%, and seem to be holding up well over a long-time horizon.
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On 29, February 2024, Nokia has filed its Annual Report on Form 20-F for 2023 and published its Nokia in 2023 Annual Report. In a post published today on Yahoo Finance, Nokia CorporationStock Exchange Release29 February 2024 at 20:15 EETNokia has filed its Annual Report on Form 20-F for 2023 and published its Nokia in 2023 Annual ReportEspoo, Finland – Nokia has today filed its Annual Report on Form 20-F for 2023 with the U.S. Securities and Exchange Commission. Additionally, Nokia has published its Nokia in 2023 Annual Report, which includes audited financial statements, the annual review by the Board of Directors, Nokia’s corporate governance statement and the Remuneration Report for the governing bodies for 2023.
From an analyst’s perspective:
Nokia Corp ADR [NYSE: NOK] stock has seen the most recent analyst activity on January 19, 2024, when Barclays downgraded its rating to a Underweight. On December 18, 2023, downgrade downgraded it’s rating to Neutral. Jefferies downgraded its rating to a Hold. JP Morgan downgraded its rating to a Neutral. DNB Markets upgraded its rating to Buy for this stock on October 03, 2023. In a note dated January 31, 2023, UBS downgraded an Neutral rating on this stock.
Nokia Corp ADR experienced fluctuations in its stock price throughout the past year between $2.94 and $4.97. Currently, Wall Street analysts expect the stock to reach $6.35 within the next 12 months. Nokia Corp ADR [NYSE: NOK] shares were valued at $3.67 at the most recent close of the market. An investor can expect a potential return of 73.02% based on the average NOK price forecast.
Analyzing the NOK fundamentals
Trailing Twelve Months sales for Nokia Corp ADR [NYSE:NOK] were 24.06B which represents -19.23% decline. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.21.
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 3.59 points at the first support level, and at 3.52 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.71, and for the 2nd resistance point, it is at 3.76.
Nokia Corp ADR [NOK] reported earnings per share of $0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.15/share, meaning a difference of -$0.04 and a surprise factor of -26.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.05 per share as compared to estimates of $0.09 per share, a difference of -$0.04 representing a surprise of -44.40%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nokia Corp ADR [NYSE:NOK] is 1.65. In addition, the Quick Ratio stands at 1.41 and the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 0.84, the price to book ratio is 0.89 and price to earnings (TTM) ratio is 28.72.
