In the past week, NOK stock has gone up by 6.21%, with a monthly gain of 12.13% and a quarterly surge of 13.57%. The volatility ratio for the week is 1.60%, and the volatility levels for the last 30 days are 1.65% for Nokia Corp ADR The simple moving average for the past 20 days is 10.31% for NOK’s stock, with a 21.37% 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 higher price-to-earnings ratio of 59.21x compared to its average ratio. NOK has 36-month beta value of 1.11. Analysts have mixed views on the stock, 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 5.50B, and currently, short sellers hold a 0.52% ratio of that float. The average trading volume of NOK on August 30, 2024 was 12.92M shares.
NOK) stock’s latest price update
Nokia Corp ADR (NYSE: NOK)’s stock price has decreased by -1.14 compared to its previous closing price of 4.48. However, the company has seen a 6.21% increase in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-29 that Nokia CorporationStock Exchange Release29 August 2024 at 22:30 EEST Nokia comments on trading activity of its stock Espoo, Finland – Nokia is issuing this stock exchange release in response to the recent trading activity of its stock due to a market rumour. Nokia has nothing to announce in relation to the speculations published in an article today, and no related insider project exists.
NOK Trading at 13.66% 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 -2.01% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.60%, as shares surge +14.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +20.77% upper at present.
During the last 5 trading sessions, NOK rose by +6.00%, which changed the moving average for the period of 200-days by +27.01% in comparison to the 20-day moving average, which settled at $4.04. In addition, Nokia Corp ADR saw 29.51% 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:
- 0.09 for the present operating margin
- 0.43 for the gross margin
The net margin for Nokia Corp ADR stands at 0.02. The total capital return value is set at 0.06. Equity return is now at value 4.23, with 2.24 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 0.8. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 24.09.
Currently, EBITDA for the company is 3.23 billion with net debt to EBITDA at -0.77. When we switch over and look at the enterprise to sales, we see a ratio of 0.99. The receivables turnover for the company is 3.52for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.73.
Conclusion
To put it simply, Nokia Corp ADR (NOK) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
