Nokia Corp ADR (NYSE: NOK)’s stock price has gone rise by 1.58 in comparison to its previous close of 4.44, however, the company has experienced a -0.22% decrease in its stock price over the last five trading days. globenewswire.com reported 2025-01-17 that Nokia CorporationStock Exchange Release17 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 17.01.2025 Espoo, Finland – On 17 January 2025 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 872,093 4.39 CEUX – – BATE – – AQEU – – TQEX – – Total 872,093 4.39 * Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases 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 3 April 2024 started on 25 November 2024 and end by 31 December 2025 and target to repurchase 150 million shares for a maximum aggregate purchase price of EUR 900 million.
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 55.47x compared to its average ratio. NOK has 36-month beta value of 1.06. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NOK is 5.44B, and currently, short sellers hold a 0.97% ratio of that float. The average trading volume of NOK on January 20, 2025 was 17.52M shares.
NOK’s Market Performance
The stock of Nokia Corp ADR (NOK) has seen a -0.22% decrease in the past week, with a 0.89% rise in the past month, and a 1.12% gain in the past quarter. The volatility ratio for the week is 1.39%, and the volatility levels for the past 30 days are at 1.62% for NOK.. The simple moving average for the past 20 days is 0.40% for NOK’s stock, with a 10.00% simple moving average for the past 200 days.
Analysts’ Opinion of NOK
Many brokerage firms have already submitted their reports for NOK stocks, with Goldman repeating the rating for NOK by listing it as a “Sell.” The predicted price for NOK in the upcoming period, according to Goldman is $3.60 based on the research report published on January 16, 2025 of the current year 2025.
JP Morgan, on the other hand, stated in their research note that they expect to see NOK reach a price target of $6.35, previously predicting the price at $4.35. The rating they have provided for NOK stocks is “Overweight” according to the report published on December 09th, 2024.
NOK Trading at 2.07% 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 -8.89% of loss for the given period.
Volatility was left at 1.62%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares surge +0.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.43% lower at present.
During the last 5 trading sessions, NOK fell by -0.22%, which changed the moving average for the period of 200-days by +28.86% in comparison to the 20-day moving average, which settled at $4.49. In addition, Nokia Corp ADR saw 1.81% 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:
- 0.26 for the present operating margin
- 0.44 for the gross margin
The net margin for Nokia Corp ADR stands at 0.02. The total capital return value is set at 0.18. Equity return is now at value 4.26, with 2.26 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 1.05. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 74.37.
Currently, EBITDA for the company is 2.94 billion with net debt to EBITDA at -1.24. When we switch over and look at the enterprise to sales, we see a ratio of 1.09. The receivables turnover for the company is 3.8for 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 1.72.
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.
