Nokia Corporation (NOK) will probably climb 16.61 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $9-month high price target. This represents a whopping 48.03 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $6.49, which represents a return potential of 6.74 percent when compared to the closing price of the stock of $6.08 on Friday, January 11. The lowest price target for the stock is $4.56 — slightly more than -25 percent from NOK’s current share price.
The stock is currently hovering around the first support level of $6.04. Below this, the next support is placed in the zone of $6. Till the time, the NOK stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 58.11 on daily chart, which may remain a cause for concern. If the price breaks below $6 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $6.11 mark may result into a pull-back move towards $6.13 level.
On 11th of January, Nokia Corporation (NYSE:NOK) shares ended lower after a volatile session. The shares dropped -0.06 points or -0.98 percent at $6.08 with a light trade volume of 14.823 million shares. After opening the session at $6.06, the shares went as high as $6.095 and as low as $6.03, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $34.4 billion and now has 5.66 billion shares outstanding. Nokia Corporation (NOK) stock has gained 4.11 percent of market value in 21 trading days.
NOK stock has a trailing 3-year beta of 0.33, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.23 a share in the trailing twelve months. The stock’s value has surged 4.47 percent year to date (YTD) against a rise of 25.36 percent in 12 month’s time. The company’s shares still trade -5.15 percent away from its 1-year high of $6.41 and 28 percent up from 52-week low of $4.75. The average consensus rating on the company is 2.3, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Nokia Corporation (NOK) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry NOK operates in has an average P/E of 17.39. Its P/E ratio went as low as 9.93X and as high as 83.21 over the 5-year span. Further, it is sporting a 1.34 on the Price-to-Sales ratio. Compare this with the industry average P/S of 1.6. 37 percent is the gross profit margin for Nokia Corporation and operating margin sits at -0.9 percent. Along with this, the net profit margin is -4.1 percent.
Let’s take a look at some insider activity at Nokia Corporation (NYSE:NOK) and see the pattern.