Nokia Corp ADR (NYSE: NOK) has seen a decline in its stock price by -1.67 in relation to its previous close of 3.60. However, the company has experienced a -1.12% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-29 that Investors with an interest in Wireless Equipment stocks have likely encountered both Nokia (NOK) and Juniper Networks (JNPR). But which of these two companies is the best option for those looking for undervalued stocks?
Is It Worth Investing in Nokia Corp ADR (NYSE: NOK) Right Now?
The price-to-earnings ratio for Nokia Corp ADR (NYSE: NOK) is above average at 27.70x. The 36-month beta value for NOK is also noteworthy at 1.09. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for NOK is 5.53B, and at present, short sellers hold a 0.56% of that float. The average trading volume of NOK on April 01, 2024 was 15.07M shares.
NOK’s Market Performance
NOK’s stock has seen a -1.12% decrease for the week, with a -0.56% drop in the past month and a 4.73% gain in the past quarter. The volatility ratio for the week is 1.55%, and the volatility levels for the past 30 days are at 1.74% for Nokia Corp ADR The simple moving average for the past 20 days is -1.57% for NOK’s stock, with a -3.51% simple moving average for the past 200 days.
NOK Trading at -0.96% 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 -28.77% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 1.55%, as shares surge +0.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.61% upper at present.
During the last 5 trading sessions, NOK fell by -1.12%, which changed the moving average for the period of 200-days by -13.24% in comparison to the 20-day moving average, which settled at $3.60. In addition, Nokia Corp ADR saw 3.51% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NOK
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.39 for the gross margin
The net margin for Nokia Corp ADR stands at 0.03. The total capital return value is set at 0.05. Equity return is now at value 3.14, with 1.45 for asset returns.
Based on Nokia Corp ADR (NOK), the company’s capital structure generated 0.18 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 0.21. The interest coverage ratio of the stock is 12.03.
Currently, EBITDA for the company is 3.23 billion with net debt to EBITDA at -0.36. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 3.21for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.
Conclusion
In summary, Nokia Corp ADR (NOK) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
