The stock of Nokia Corp ADR (NYSE: NOK) has decreased by 0.00 when compared to last closing price of 4.35. Despite this, the company has experienced a -0.46% fall in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-04 that Nokia CorporationStock Exchange Release4 October 2024 at 22:30 EET Nokia Corporation: Repurchase of own shares on 04.10.2024 Espoo, Finland – On 4 October 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 1,314,400 3.97 CEUX 756,959 3.97 BATE – – AQEU – – TQEX – – Total 2,071,359 3.97 * 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 started on 20 March 2024.
Is It Worth Investing in Nokia Corp ADR (NYSE: NOK) Right Now?
Nokia Corp ADR (NYSE: NOK) has a price-to-earnings ratio of 58.16x that is above its average ratio. Additionally, the 36-month beta value for NOK is 1.13. 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.”
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The public float for NOK is 5.50B and currently, short sellers hold a 0.59% ratio of that float. The average trading volume of NOK on October 07, 2024 was 17.02M shares.
NOK’s Market Performance
NOK’s stock has seen a -0.46% decrease for the week, with a 0.46% rise in the past month and a 11.83% gain in the past quarter. The volatility ratio for the week is 1.46%, and the volatility levels for the past 30 days are at 1.69% for Nokia Corp ADR The simple moving average for the last 20 days is 1.56% for NOK stock, with a simple moving average of 15.71% for the last 200 days.
NOK Trading at 5.17% 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 -3.76% of loss for the given period.
Volatility was left at 1.69%, however, over the last 30 days, the volatility rate increased by 1.46%, as shares surge +2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.58% upper at present.
During the last 5 trading sessions, NOK fell by -0.46%, which changed the moving average for the period of 200-days by +34.67% in comparison to the 20-day moving average, which settled at $4.29. In addition, Nokia Corp ADR saw 27.19% 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
In conclusion, Nokia Corp ADR (NOK) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
