Nokia Corp ADR (NOK) Stock: Navigating the Market Volatility

The stock of Nokia Corp ADR (NOK) has seen a -0.71% decrease in the past week, with a 5.78% gain in the past month, and a 13.48% flourish in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.61% for NOK. The simple moving average for the last 20 days is -0.43% for NOK stock, with a simple moving average of 14.31% for the last 200 days.

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 56.28x, Company’s 36-month beta value is 1.12.Analysts have differing opinions 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 0.45% ratio of that floaft. The average trading volume of NOK on September 13, 2024 was 14.84M shares.

NOK) stock’s latest price update

The stock of Nokia Corp ADR (NYSE: NOK) has increased by 0.24 when compared to last closing price of 4.20. Despite this, the company has experienced a -0.71% fall in its stock price over the last five trading sessions. reuters.com reported 2024-09-12 that Nokia is looking for a new chief executive and has approached candidates about replacing Pekka Lundmark, the Financial Times reported on Thursday.

NOK Trading at 5.40% 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 -6.86% of loss for the given period.

Volatility was left at 1.61%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +3.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.48% upper at present.

During the last 5 trading sessions, NOK fell by -0.59%, which changed the moving average for the period of 200-days by +19.07% in comparison to the 20-day moving average, which settled at $4.24. In addition, Nokia Corp ADR saw 23.10% 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 0.94. 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

In a nutshell, Nokia Corp ADR (NOK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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