With 50.23 million shares changed hands, the volume of the stock remained heavier than its average volume of 12.4 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $4.52 whereas the lowest price it dropped to was $4.36. The 52-week range on NOK shows that it touched its highest point at $4.22 and its lowest point at $2.94 during that stretch. It currently has a 1-year price target of $4.53. With its current market cap of 24.63 billion, NOK has annualized dividend of $0.14 while the current yield stands at 3.12%. Beta for the stock currently stands at 1.11.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOK was up-trending over the past week, with a rise of 9.00%, but this was up by 14.29% over a month. Three-month performance surged to 16.36% while six-month performance rose 26.91%. The stock gained 13.42% in the past year, while it has gained 30.99% so far this year. A look at the trailing 12-month EPS for NOK yields 0.07 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.07. This implies an EPS growth rate of 18.11% for this year and -7.27% for next year.
Float and Shares Shorts:
At present, 5.53 billion NOK shares are outstanding with a float of 5.50 billion shares on hand for trading. On 2024-08-15, short shares totaled 28.46 million, which was 52.0 higher than short shares on 1721001600. In addition to Mr. Pekka Ilmari Lundmark M.Sc.(Eng.) as the firm’s President & CEO, Mr. Marco Wiren M.Sc. (Econ.) serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.06137 of NOK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NOK reported revenue of $4466000000.0 and operating income of $432000000.0. The EBITDA in the recently reported quarter was $700000000.0 and diluted EPS was -$0.03.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOK since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.
