Technology

Nokia Corp (NOK): Stock to Follow

Nokia Corp (NYSE:NOK) shares traded 1.11% up during most recent session to reach at the closing price of $6.4. The stock exchanged hands 11.1 Million shares versus average trading capacity of 16.37 Million shares, yielding a market cap of $37.25 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.52 within the next 52-weeks. The mean target projections are based on 13 opinions.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Nokia Corp (NYSE:NOK) high price target of $9 and with a conservative view have low price target of $4.5.

Craig-Hallum “Initiates Coverage On” Nokia Corp (NYSE:NOK) in a research note issued to investors on 2/21/17 to Buy with price target of $7.5.

Additionally on 2/07/17 Morgan Stanley “Upgrades” Nokia Corp (NYSE:NOK) to Overweight setting price target at $0 and on 1/13/17 Natixis “Upgrades” the stock to Buy at $0. Furthermore on 1/13/17 Canaccord Genuity “Downgrades” the stock to Hold at $5.

On the other hand the company has Relative Strength Index (RSI 14) of 59.12 along with Average True Range (ATR 14) of 0.13, Consequently Nokia Corp (NYSE:NOK)’s weekly and monthly volatility is 1.66%, 1.63% respectively. The company’s beta value is at 1.26.

In terms of Buy, Sell or Hold recommendations, Nokia Corp (NYSE:NOK) has analysts’ mean recommendation of 2.6. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

According to analysts Nokia Corp (NYSE:NOK)’s minimum EPS for the current quarter is at $0.03 and can go high up to $0.06. The consensus mean EPS for the current quarter is at $0.05 derived from a total of 11 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.03 earnings per share for the same quarter during last year.

Nokia Corp (NYSE:NOK)’s revenue estimates for the current quarter are $6.12 Billion according to 11 number of analysts, for the current quarter the company has high revenue estimates of $6.41 Billion in contradiction of low revenue estimates of $5.92 Billion. For the current year the company’s revenue estimates are $25.64 Billion compared to low analyst estimates of $24.6 Billion and high estimates of $27.2 Billion according to 15 number of analysts.

Currently Nokia Corp (NYSE:NOK)’s shares owned by insiders are 0%, whereas shares owned by institutional owners are 6.1%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded 1.27%.

Nokia Corp (NYSE:NOK) 52-week high price stands at $6.65 and low price stands at $4.04, its price distance from 52-week high is -3.76% while its distance from 52-week low price is 58.42%. The stock hit its 52-week high on 05/23/17, and 52-week low on 11/15/16.

Nokia Corp (NYSE:NOK)’s trailing twelve month revenues are $26.18 Billion, whereas its price to sales ratio for the same period is 1.42. Its book value per share for the most recent quarter is $3.78 while its price to book ratio for the same period is 1.69, as for as the company’s cash per share for the most recent quarter is $1.73, however its price to cash per share ratio for the same period is 3.7. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.

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