The stock price of Nokia Corp ADR (NYSE: NOK) has dropped by -2.43 compared to previous close of 3.71. Despite this, the company has seen a fall of -7.42% in its stock price over the last five trading days. globenewswire.com reported 2024-06-13 that Nokia CorporationStock Exchange Release13 June 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 13.06.2024 Espoo, Finland – On 13 June 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows: Trading venue (MIC Code) Number of shares Weighted average price / share, EUR* XHEL 466,082 3.51 CEUX – – BATE – – AQEU – – TQEX – – Total 466,082 3.51 * Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation (EU) 2016/1052 and under the authorization granted by Nokia’s Annual General Meeting on 4 April 2023 started on 20 March 2024 and ends by 18 December 2024 with a maximum aggregate purchase price of EUR 300 million.
Is It Worth Investing in Nokia Corp ADR (NYSE: NOK) Right Now?
Nokia Corp ADR (NYSE: NOK) has a price-to-earnings ratio that is above its average at 22.70x. The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 1 as “overweight,” 9 as “hold,” and 1 as “sell.”
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The public float for NOK is 5.52B, and at present, short sellers hold a 0.43% of that float. On June 17, 2024, the average trading volume of NOK was 14.12M shares.
NOK’s Market Performance
NOK stock saw a decrease of -7.42% in the past week, with a monthly decline of -6.46% and a quarterly a decrease of -1.90%. The volatility ratio for the week is 1.64%, and the volatility levels for the last 30 days are 1.47% for Nokia Corp ADR (NOK). The simple moving average for the last 20 days is -6.41% for NOK’s stock, with a simple moving average of 0.92% for the last 200 days.
NOK Trading at -2.34% 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 -16.97% of loss for the given period.
Volatility was left at 1.47%, however, over the last 30 days, the volatility rate increased by 1.64%, as shares sank -6.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.55% upper at present.
During the last 5 trading sessions, NOK fell by -7.42%, which changed the moving average for the period of 200-days by -8.35% in comparison to the 20-day moving average, which settled at $3.86. In addition, Nokia Corp ADR saw 5.85% 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:
- 0.09 for the present operating margin
- 0.41 for the gross margin
The net margin for Nokia Corp ADR stands at 0.04. The total capital return value is set at 0.07. Equity return is now at value 3.85, with 2.00 for asset returns.
Based on Nokia Corp ADR (NOK), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 0.58. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 15.21.
Currently, EBITDA for the company is 3.23 billion with net debt to EBITDA at -0.59. When we switch over and look at the enterprise to sales, we see a ratio of 0.8. The receivables turnover for the company is 3.32for trailing twelve months and the total asset turnover is 0.53. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
To sum up, Nokia Corp ADR (NOK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
