A share price of Nokia Corp ADR [NOK] is currently trading at $4.75, up 9.45%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOK shares have gain 8.94% over the last week, with a monthly amount glided 11.76%, and 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 October 18, 2024, when Danske Bank upgraded its rating to a Buy. Previously, Barclays downgraded its rating to Underweight on January 19, 2024. On January 12, 2024, Exane BNP Paribas initiated with a Neutral rating. Goldman downgraded its rating to a Neutral. Jefferies downgraded its rating to a Hold. JP Morgan downgraded its rating to Neutral for this stock on November 30, 2023. In a note dated October 03, 2023, DNB Markets upgraded an Buy rating on this stock.
Nokia Corp ADR experienced fluctuations in its stock price throughout the past year between $2.94 and $4.52. 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 $4.75 at the most recent close of the market. An investor can expect a potential return of 33.68% based on the average NOK price forecast.
Analyzing the NOK fundamentals
Trailing Twelve Months sales for Nokia Corp ADR [NYSE:NOK] were 20.76B which represents -12.31% decline. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 4.57 points at the first support level, and at 4.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.86, and for the 2nd resistance point, it is at 4.96.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nokia Corp ADR [NYSE:NOK] is 1.72. On the other hand, the Quick Ratio is 1.46, and the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 1.25, the price to book ratio is 1.14 and price to earnings (TTM) ratio is 58.43.
