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What the Numbers Say About Nokia Corporation (NOK)

Published on

February 2, 2023
Read Time:5 Minute, 10 Second

Nokia Company is a Finnish firm specializing in telecommunications. It was based in 1865 and headquartered in Espoo, Finland.

Nokia has been struggling to remain related within the smartphone market with Apple and Samsung dominating the market over the previous decade.

Nokia's financials present that it's nonetheless creating wealth on patent royalties, but it surely is not sufficient to cowl for its struggling handset enterprise. Nokia had a web revenue of $2.5 billion on income of $8.8 billion in 2016, down from $3.1 billion on income of $14 billion in 2013
Nokia faces powerful competitors with Apple and Samsung dominating the market over the previous decade. Nokia is predicted to announce their subsequent flagship smartphone, which can be operating on Android and would possibly even include a 5G community connection.

Nokia Company (NYSE:NOK) gained 0.52 p.c to shut Friday at $5.80, up $0.03 on the day. The corporate's widespread inventory has a 5-day common buying and selling quantity of 19,104,939 shares. It has risen by $5.88 within the final week. Within the final 20 days, a median of 21,615,740 shares of the corporate have been traded, with a 50-day common quantity of 19,539,893.

The 1-month efficiency of NOK is -1.86 p.c or -$0.09 from its low of $5.27 on 09/20/21. The inventory has reached a 52-week low of $3.21 and a excessive of $9.79, with the rally to the 52-week excessive occurring on 01/27/21. NOK has gained 48.34 p.c, or $1.89, to this point this yr. Nonetheless, the present value is -40.76 p.c decrease than the 52-week excessive.

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NOK Chart Via Yahoo Finance

Metrics of Valuation

The trailing price-to-earnings (P/E) ratio for Nokia Company (NOK) is 23.30 for the broader trade and 36.88 for the sector. Within the final 5 years, the corporate's PE ratio has been between 68.40 and 19.33. The beta for NOK inventory is 0.77. Transferring on to different valuation measures, the trailing price-to-sales (P/S) ratio is 1.28, the price-to-book (PB) ratio is 1.99 in the newest quarter, and the price-to-cash-flow (P/CF) ratio is 13.87.

Nokia Company's fast ratio for the interval ending June 29 was 1.40, with the present ratio for a similar time at 1.60, indicating that NOK inventory can meet its debt obligations. Moreover, the corporate's long run debt to fairness ratio for the quarter ending June 29 was 0.37, whereas the overall debt to fairness ratio was 0.43. When it comes to profitability, the trailing 12-month gross margin is 38.30 p.c. The trailing 12-month EBITDA margin is 14.94 p.c, whereas the working margin for the quarter ending June 29 was 7.70 p.c. The corporate's reported gross revenue was $9.36 billion on income of $24.96 billion.

Earnings Surge

Nokia Company's money and short-term investments totaled $296.8 million for the fiscal quarter ending June 29 this yr, in comparison with whole debt of $6.09 billion. Web revenue and gross sales elevated when in comparison with the prior quarter's outcomes. Analysts predicted NOK to report earnings of $0.05 per share in the newest quarter, but it surely as an alternative reported $0.11, signifying a 120.00 p.c shock. For the quarter, EBITDA was greater than $913.12 million. In line with the NOK inventory stability assertion for the quarter ending June 29, whole liabilities totaled 26.9 billion, with whole debt totaling $6.09 billion.

Technical Illustration

Let's take a fast have a look at the worth momentum of Nokia Company (NOK) utilizing technical evaluation. The 9-day relative power index was 66.42 p.c as of the shut on October 8, indicating that the inventory is transferring Impartial, with historic volatility on this timeframe at 28.21 p.c.

The 5-day transferring common for the inventory is $5.67, representing a +6.23 p.c or $0.34 transfer from its present value. NOK is now buying and selling -0.51% above its 20-day SMA and +16.47% above its 100-day SMA. Nonetheless, the inventory's present value degree is -4.13 p.c and +49.48 p.c away from the SMA50 and SMA200, respectively.

The stochastic p.c Okay and p.c D have been 90.55 p.c and 87.69 p.c, respectively, and the typical true vary (ATR) was 0.13. The RSI (14) is at 58.00 p.c, the 14-day stochastic is at 84.62 p.c, and the ATR for the time is 0.13. On the 14-day chart, the inventory's 9-day MACD Oscillator is pointing at 0.17 and 0.18.

Analyst Evaluations

Cowen raised Nokia Company (NYSE: NOK) to an Outperform ranking in its most up-to-date analyst report. They earlier rated the inventory as Market Carry out. Analysts which have supplied rankings for NOK inventory have a median ranking of Obese. Presently, 0 brokerage advisors suggest that traders "promote," whereas 9 suggest that they "maintain." The inventory has been rated as underweight by 0 analysts. Three analysts have rated the corporate as chubby, whereas 18 have given it a "purchase" advice.

What's the value goal for NOK throughout the subsequent 12 months?
Analysts have set a consensus value goal starting from $5.75 to $8.12, with a median value aim of $7.05. In line with these forecasts, the typical value aim for Nokia Company (NOK) shares is $7.00.

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Lydian
Last Updated : February 2, 2023
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