At the time of writing, Nokia Corp ADR [NOK] stock is trading at $3.52, up 2.03%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NOK shares have gain 5.71% over the last week, with a monthly amount drifted -1.95%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Nokia Corp ADR fluctuated between $2.94 and $4.67. 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 $3.52 at the most recent close of the market. An investor can expect a potential return of 80.4% based on the average NOK price forecast.
Analyzing the NOK fundamentals
According to Nokia Corp ADR [NYSE:NOK], the company’s sales were 22.84B for trailing twelve months, which represents an -19.42% plunge. 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 3.48 points at the first support level, and at 3.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 3.55, and for the 2nd resistance point, it is at 3.59.
Ratios To Look Out For
It is important to note that Nokia Corp ADR [NYSE:NOK] has a current ratio of 1.64. Also, the Quick Ratio is 1.40, while the Cash Ratio stands at 0.57. Considering the valuation of this stock, the price to sales ratio is 0.85, the price to book ratio is 0.85 and price to earnings (TTM) ratio is 22.07.
