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Why Nokia Oyj (NOK)’s Most Recent Report Reveals Some Hints About Its Future

Nokia Oyj (NYSE:NOK) went up by 0.21% from its latest closing price compared to the recent 1-year high of $6.40. The company’s stock price has collected 1.70% of gains in the last five trading sessions. The Wall Street Journal reported on 07/21/22 that Nokia Boosts Sales as Turnaround Gains Steam

Is It Worth Investing in Nokia Oyj (NYSE :NOK) Right Now?

Nokia Oyj (NYSE:NOK) scored a price-to-earnings ratio above its average ratio, recording 15.40 x from its present earnings ratio. Plus, the 36-month beta value for NOK is at 0.88. Opinions of the stock are interesting as 21 analysts out of 31 who provided ratings for Nokia Oyj declared the stock was a “buy,” while 4 rated the stock as “overweight,” 6 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $6.02, which is $1.83 above the current price. NOK currently public float of 5.60B and currently shorts hold a 0.22% ratio of that float. Today, the average trading volume of NOK was 26.89M shares.

NOK’s Market Performance

NOK stocks went up by 1.70% for the week, with a monthly jump of 8.62% and a quarterly performance of -5.52%, while its annual performance rate touched -16.26%. The volatility ratio for the week stands at 1.39% while the volatility levels for the past 30 days are set at 2.02% for Nokia Oyj. The simple moving average for the period of the last 20 days is 5.41% for NOK stocks with a simple moving average of -2.60% for the last 200 days.

NOK Trading at 6.67% from the 50-Day Moving Average

After a stumble in the market that brought NOK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.11% of loss for the given period.

Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +8.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.04% lower at present.

During the last 5 trading sessions, NOK rose by +1.70%, which changed the moving average for the period of 200-days by -15.82% in comparison to the 20-day moving average, which settled at $4.56. In addition, Nokia Oyj saw -22.99% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for NOK

Current profitability levels for the company are sitting at:

  • +10.79 for the present operating margin
  • +40.93 for the gross margin

The net margin for Nokia Oyj stands at +7.35. The total capital return value is set at 11.36, while invested capital returns managed to touch 7.98. Equity return is now at value 9.60, with 4.30 for asset returns.

Based on Nokia Oyj (NOK), the company’s capital structure generated 32.62 points at debt to equity in total, while total debt to capital is 24.59. Total debt to assets is 13.28, with long-term debt to equity ratio resting at 30.88. Finally, the long-term debt to capital ratio is 23.29.

When we switch over and look at the enterprise to sales, we see a ratio of 0.95, with the company’s debt to enterprise value settled at 0.20. The receivables turnover for the company is 3.07 and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.62.

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