Within its last year performance, NOK rose by 38.36%, with highs and lows ranging from $4.95 to $3.11, whereas the simple moving average jumped by 10.35% in the last 200 days.
On December 09, 2024, JP Morgan Upgraded Nokia Corp ADR (NYSE: NOK) to Overweight. A report published by Danske Bank on October 18, 2024, Upgraded its rating to ‘Buy’ for NOK. Goldman December 18, 2023d its ‘Buy’ rating to ‘Neutral’ for NOK, as published in its report on December 18, 2023. JP Morgan also rated the stock as ‘Neutral’.
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Analysis of Nokia Corp ADR (NOK)
It’s important to note that NOK shareholders are currently getting $0.14 per share in dividends, so investors will receive a return regardless of how the company performs. Further, the quarter-over-quarter decrease in sales is -12.31%, showing a negative trend in the upcoming months.
Nokia Corp ADR’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 4.26% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.46, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can be an extremely valuable indicator of volatility, and NOK is registering an average volume of 20.43M. On a monthly basis, the volatility of the stock is set at 2.26%, whereas on a weekly basis, it is put at 2.15%, with a gain of 4.02% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.85, showing growth from the present price of $4.40, which can serve as yet another indication of whether NOK is worth investing in or should be passed over.
How Do You Analyze Nokia Corp ADR Shares?
A giant in the Communication Equipment market, Nokia Corp ADR (NOK) is based in the Finland. When comparing Nokia Corp ADR shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 54.12, there is a growth in quarterly earnings of 24.44%.
Besides checking the fundamentals, you should also know how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.00%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 7.53% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NOK shares are owned by institutional investors to the tune of 7.53% at present.
