Nokia Corp ADR (NOK) experienced a decrease in trading during the latest session, with 11.68 million shares being traded. The company’s beta value is 1.00, indicating that its stock is in line with the overall market. The stock’s price at the last check was $3.53, reflecting a decrease of -1.26% or -$0.04 in intraday trading.
Despite this decrease, Nokia Corp ADR’s shares have seen some positive movement in the past. The stock’s 52-week high was $5.11, but it is currently down -44.76% since then. Nevertheless, it is still up 0.85% from its 52-week low of $3.50. The company has a valuation of $19.77 billion.
Analysts have given a consensus recommendation of “Overweight” for Nokia Corp ADR, with a mean rating of 1.66. Out of 29 analysts looking at the stock, none have given it a Sell rating, while 3 rate it as Overweight, 10 advise Hold, and 16 recommend it as a Buy. The company is projected to earn $0.09 per share for the current quarter.
Nokia Corp ADR has seen a negative performance over the past five days, with a weekly high of $3.67. Over the past 30 days, the stock’s price has dropped -12.31%, and its year-to-date performance is -24.03%. Short interest in Nokia Corp ADR is at 28.52 million shares, with a time to cover of 1.79 days.
Wall Street analysts suggest a consensus price target of $5.38 for Nokia Corp ADR, which implies a potential increase of 34.39%. The target low and target high prices are $4.14 and $7.75, respectively, with the stock currently trading -119.55% off the suggested target high and -17.28% from its likely low.
In terms of share performance, Nokia Corp ADR has underperformed its competitors in the industry. The stock is down -28.06% over the last six months, with a year-to-date growth rate of -8.70% compared to the industry average of -1.50%. Analysts forecast a -10.00% revenue shrinkage for the current quarter, followed by a 6.30% jump in the next quarter. However, they project a 0.10% revenue growth for the company compared to the previous financial year.
Current estimates put Nokia Corp ADR’s revenue for the current quarter at $6.2 billion, while for the quarter ending in December 2023, revenue growth is estimated to be $7.22 billion. Earnings reports from the last fiscal year show that the company generated $6.32 billion and $7.6 billion in sales for the corresponding quarters. Analysts estimate a -1.90% decrease in current quarter sales, followed by a -5.10% drop in the following quarter.
Nokia Corp ADR has a forward dividend ratio of 0.15, with a share yield of 4.15%. The company’s average dividend yield over the past five years is 0.00%. It is important for investors to consider other fundamental and operations-related aspects of the company when making investment decisions.
Insiders hold 0.01% of Nokia Corp ADR’s total outstanding shares, while institutional holders own 6.77% of the shares. Artisan Partners Limited Partnership is the leading institutional holder with over 91.77 million shares, amounting to roughly $323.13 million. Folketrygdfondet holds 18.97 million shares, worth approximately $66.81 million.
The top two Mutual Funds with the largest holdings of Nokia Corp ADR shares are Artisan International Value Fund and ETF Series Solutions-Defiance Next Gen Connectivity ETF. Artisan International Value Fund holds over 70.93 million shares, while ETF Series Solutions owns 5.34 million shares. These holdings are valued at $249.74 million and $18.82 million, respectively.
Sources:
– Data from intraday trading volume retrieved from [source]
– Analyst recommendations and consensus price target data from [source]
– Revenue estimates and forecasts from [source]
– Dividend yield and forward dividend ratio data from [source]
– Major holders information from [source]