With 11.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 21.09 million shares. During the session, the Communication Equipment company that operates in wider Technology sector, reached to the highest price of $4.2 whereas the lowest price it dropped to was $4.15. The 52-week range on NOK shows that it touched its highest point at $4.95 and its lowest point at $2.94 during that stretch. It currently has a 1-year price target of $4.79. With its current market cap of 22.79 billion, NOK has annualized dividend of $0.14 while the current yield stands at 3.36%. Beta for the stock currently stands at 1.10.
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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 down-trending over the past week, with a drop of -6.28%, but this was down by -12.92% over a month. The stock gained 18.41% in the past year, while it has gained 22.22% so far this year. A look at the trailing 12-month EPS for NOK yields 0.08 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.14. This implies an EPS growth rate of 10.36% for this year and -1.29% for next year.
Float and Shares Shorts:
At present, 5.53 billion NOK shares are outstanding with a float of 5.45 billion shares on hand for trading. On 2024-10-31, short shares totaled 58.43 million, which was 108.0 higher than short shares on 1727654400. 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 0.076 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 2024-09-30, NOK reported revenue of $4326000000.0 and operating income of $246000000.0. The EBITDA in the recently reported quarter was $246000000.0 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 12 analysts follow the stock currently. There are 10 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NOK analysts setting a high price target of 6.5 and a low target of 3.8, the average target price over the next 12 months is 5.10633. Based on these targets, NOK could surge 55.5% to reach the target high and fall by -9.09% to reach the target low. Reaching the average price target will result in a growth of 22.16% from current levels.
Analysts have provided yearly estimates in a range of $0.34467 being high and $0.25152 being low. For NOK, this leads to a yearly average estimate of $0.31673. The surprise factor in the prior quarter was $0.05. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.04. The average estimate for the next quarter is thus $0.05.
