In the past week, NOK stock has gone down by -1.41%, with a monthly decline of -4.90% and a quarterly surge of 1.16%. The volatility ratio for the week is 2.17%, and the volatility levels for the last 30 days are 1.78% for Nokia Corp ADR The simple moving average for the past 20 days is -2.64% for NOK’s stock, with a -4.45% simple moving average for the past 200 days.
Is It Worth Investing in Nokia Corp ADR (NYSE: NOK) Right Now?
Nokia Corp ADR (NYSE: NOK) has a price-to-earnings ratio of 27.31x that is above its average ratio. Additionally, the 36-month beta value for NOK is 1.10. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 9 rating it as “hold,” and 1 rating it as “sell.”
The public float for NOK is 5.53B and currently, short sellers hold a 0.56% ratio of that float. The average trading volume of NOK on April 08, 2024 was 14.91M shares.
NOK) stock’s latest price update
The stock price of Nokia Corp ADR (NYSE: NOK) has plunged by -1.13 when compared to previous closing price of 3.53, but the company has seen a -1.41% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-06 that 2024 is shaping up to be a tumultuous year for Apple (NASDAQ: AAPL ). The tech behemoth and smartphone market leaders had been forced to contend with stock price downgrades from banks following lower consumer demand, and now face a landmark lawsuit amid accusations of building an industry monopoly.
NOK Trading at -2.68% 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 -29.78% of loss for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 2.17%, as shares sank -5.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.35% upper at present.
During the last 5 trading sessions, NOK fell by -1.41%, which changed the moving average for the period of 200-days by -16.90% in comparison to the 20-day moving average, which settled at $3.57. In addition, Nokia Corp ADR saw 2.05% 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 0.75. 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 conclusion, Nokia Corp ADR (NOK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
