Nokia Corp (NYSE:NOK) shares traded -1.13% down during most recent session to reach at the closing price of $6.14. The stock exchanged hands 21.83 Million shares versus average trading capacity of 21.65 Million shares, yielding a market cap of $33.48 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $6.77 within the next 52-weeks. The mean target projections are based on 8 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 $5.
Raymond James “Upgrades” Nokia Corp (NYSE:NOK) in a research note issued to investors on 1/08/19 to Outperform with price target of $7.5.
Additionally on 1/04/19 BMO Capital “Upgrades” Nokia Corp (NYSE:NOK) to Outperform setting price target at $7.5 and on 10/26/18 Canaccord Genuity “Upgrades” the stock to Buy at $0. Furthermore on 9/19/18 Exane BNP Paribas “Downgrades” the stock to Underperform at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 60.51 along with Average True Range (ATR 14) of 0.16, Consequently Nokia Corp (NYSE:NOK)’s weekly and monthly volatility is 2.41%, 2.31% respectively. The company’s beta value is at 0.32.
In terms of Buy, Sell or Hold recommendations, Nokia Corp (NYSE:NOK) has analysts’ mean recommendation of 2.4. 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 $0.12 and can go high up to $0.15. The consensus mean EPS for the current quarter is at $0.14 derived from a total of 9 estimates from the analysts who have weighed in on projected earnings. However the company reported $0.15 earnings per share for the same quarter during last year.
Previously Nokia Corp (NYSE:NOK) reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company posted an earnings surprise of 16.7%.
Nokia Corp (NYSE:NOK)’s revenue estimates for the current quarter are $7.59 Billion according to 9 number of analysts, for the current quarter the company has high revenue estimates of $7.77 Billion in contradiction of low revenue estimates of $7.28 Billion. For the current year the company’s revenue estimates are $26.03 Billion compared to low analyst estimates of $25.49 Billion and high estimates of $26.5 Billion according to 11 number of analysts.
Currently Nokia Corp (NYSE:NOK)’s shares owned by insiders are 0%, whereas shares owned by institutional owners are 7%. However the six-month change in the insider ownership was recorded 0%, as well as three-month change in the institutional ownership was recorded -0.1%.
Nokia Corp (NYSE:NOK)’s trailing twelve month revenues are $25.46 Billion, whereas its price to sales ratio for the same period is 1.32. Its book value per share for the most recent quarter is $3.05 while its price to book ratio for the same period is 2.01, as for as the company’s cash per share for the most recent quarter is $1.23, however its price to cash per share ratio for the same period is 5.01. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.