Free Trial
NYSE:NOK

Nokia Oyj (NOK) Stock Price, News & Analysis

Nokia Oyj logo
$4.43 0.00 (0.00%)
(As of 12/20/2024 05:45 PM ET)

About Nokia Oyj Stock (NYSE:NOK)

Key Stats

Today's Range
$4.35
$4.46
50-Day Range
$4.14
$4.95
52-Week Range
$3.24
$4.95
Volume
12.43 million shs
Average Volume
15.94 million shs
Market Capitalization
$24.15 billion
P/E Ratio
55.38
Dividend Yield
1.81%
Price Target
$6.43
Consensus Rating
Moderate Buy

Company Overview

Nokia Oyj is a multinational technology company headquartered in Espoo, Finland. The company provides networking equipment, technology licensing, and services to communications service providers, enterprises, and governments. Founded in 1865 as a pulp mill, Nokia has become a significant player in the telecommunications industry. The company operates in over 100 countries and employs approximately 90,000 people worldwide.

Nokia is a well-established brand with a rich history. In the 1990s, Nokia was the world's largest mobile phone manufacturer and had a dominant market share. However, the company faced increasing competition from other players in the market and by the mid-2000s, Nokia's market share had declined significantly. In recent years, Nokia has focused on the telecommunications industry, specifically developing 5G technology.

A diverse and experienced management team leads Nokia. The Chief Executive Officer is Pekka Lundmark, who took over the position in August 2020. Lundmark worked at Nokia from 1990 to 2000 and has experience in various technology companies. Other key leadership team members include Marco Wiren, the Chief Financial Officer, and Mishant Batra, the Chief Strategy Officer.

Nokia has reported relatively stable financial performance over the past few years. The company reports revenue between $20 and $25 billion in the past several years. However, Nokia's operating profit margin has improved significantly over the past few years, jumping from 3.4% to 9.7%. The company's debt levels have also been relatively stable, with enough assets to cover all liabilities. Nokia's valuation metrics are generally in line with its industry peers. The company has a price-to-earnings ratio and a price-to-book ratio in line with industry peers. In terms of market performance, Nokia's stock has had some ups and downs over the past few years. In early 2021, the stock saw an increase in price due to investor optimism surrounding the company's 5G technology. However, the stock has since experienced some volatility, with fluctuations in trading volume.

Nokia operates in the highly competitive telecommunications industry, which is constantly evolving. Rapid technological advancements, increasing demand for connectivity, and the emergence of new competitors characterize the industry. Some of Nokia's key competitors include Ericsson, Huawei, and Samsung.

One major trend in the industry is the rollout of 5G technology, which is expected to transform how people and businesses connect. Nokia has positioned itself as a leader in 5G technology, with its products and services used by major telecommunications companies worldwide. However, regulatory and political issues, such as the ongoing trade tensions between the United States and China, may impact the industry's growth.

Despite the challenges, Nokia has several potential growth opportunities. The company is investing in developing 5G technology, which is expected to drive demand for its products and services. Nokia has also expanded its offerings to include software and services, which can help to diversify its revenue streams. The company is also exploring new markets, such as the Internet of Things (IoT) and smart cities.

In 2021, Nokia signed a deal with the UK government to provide equipment and services for the country's 5G network. The deal is worth over $1 billion and highlights Nokia's leadership in the 5G space. In recent years, Nokia has made several acquisitions to expand its capabilities in areas such as cloud-based networking and IoT. In 2020, Nokia acquired Elenion Technologies, a company specializing in silicon photonics technology, which could help to improve the performance of Nokia's networking equipment.

However, there are also potential risks and challenges facing Nokia. One major challenge is the competition in the telecommunications industry, which could impact the company's market share and pricing power. Changes in consumer preferences and demand could also affect Nokia's sales and profitability. There are also regulatory risks, such as changes in data privacy laws and security regulations, which could impact the company's operations.

Nokia Oyj Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
71st Percentile Overall Score

NOK MarketRank™: 

Nokia Oyj scored higher than 71% of companies evaluated by MarketBeat, and ranked 263rd out of 653 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Nokia Oyj has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 3 buy ratings, 1 hold rating, and 1 sell rating.

  • Amount of Analyst Coverage

    Nokia Oyj has only been the subject of 4 research reports in the past 90 days.

  • Read more about Nokia Oyj's stock forecast and price target.
  • Earnings Growth

    Earnings for Nokia Oyj are expected to grow by 5.88% in the coming year, from $0.34 to $0.36 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Nokia Oyj is 55.38, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Nokia Oyj is 55.38, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 238.11.

  • Price to Earnings Growth Ratio

    Nokia Oyj has a PEG Ratio of 5.80. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Nokia Oyj has a P/B Ratio of 1.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.94% of the float of Nokia Oyj has been sold short.
  • Short Interest Ratio / Days to Cover

    Nokia Oyj has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Nokia Oyj has recently decreased by 9.85%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Nokia Oyj pays a meaningful dividend of 1.96%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Nokia Oyj does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Nokia Oyj is 100.00%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Nokia Oyj will have a dividend payout ratio of 22.22% next year. This indicates that Nokia Oyj will be able to sustain or increase its dividend.

  • Read more about Nokia Oyj's dividend.
  • Percentage of Shares Shorted

    0.94% of the float of Nokia Oyj has been sold short.
  • Short Interest Ratio / Days to Cover

    Nokia Oyj has a short interest ratio ("days to cover") of 2.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Nokia Oyj has recently decreased by 9.85%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Nokia Oyj has a news sentiment score of 0.37. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 17 news articles for Nokia Oyj this week, compared to 18 articles on an average week.
  • Search Interest

    46 people have searched for NOK on MarketBeat in the last 30 days. This is an increase of 28% compared to the previous 30 days.
  • MarketBeat Follows

    Only 5 people have added Nokia Oyj to their MarketBeat watchlist in the last 30 days. This is a decrease of -17% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Nokia Oyj insiders have not sold or bought any company stock.

  • Percentage Held by Institutions

    Only 5.28% of the stock of Nokia Oyj is held by institutions.

  • Read more about Nokia Oyj's insider trading history.
Receive NOK Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nokia Oyj and its competitors with MarketBeat's FREE daily newsletter.

NOK Stock News Headlines

Nokia Corporation: Repurchase of own shares on 20.12.2024
We recommended Palantir in 2021, now we’re recommending this...
My research indicates there is only one investment that can meet AI's unprecedented demand for energy.
Nokia Continues Share Buyback Program to Offset Dilution
Nokia Corporation: Repurchase of own shares on 19.12.2024
Nokia awarded $45M grant from NTIA Public Wireless Supply Chain Innovation Fund
See More Headlines

NOK Stock Analysis - Frequently Asked Questions

Nokia Oyj's stock was trading at $3.42 at the beginning of 2024. Since then, NOK stock has increased by 29.5% and is now trading at $4.43.
View the best growth stocks for 2024 here
.

Nokia Oyj (NYSE:NOK) posted its earnings results on Thursday, October, 17th. The technology company reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The technology company earned $4.75 billion during the quarter, compared to analysts' expectations of $5.10 billion. Nokia Oyj had a net margin of 2.18% and a trailing twelve-month return on equity of 8.32%.

Nokia Oyj subsidiaries include Elenion Technologies, Space Time Insight, Unium, Comptel, DeepField, Withings, Nakina Systems, and others.

Nokia Oyj's top institutional investors include Pzena Investment Management LLC (1.67%), FMR LLC (0.56%), Penserra Capital Management LLC (0.02%) and Clean Yield Group (0.02%).

Shares of NOK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Nokia Oyj investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Meta Platforms (META), Intel (INTC), Verizon Communications (VZ), QUALCOMM (QCOM) and Salesforce (CRM).

Company Calendar

Last Earnings
10/17/2024
Ex-Dividend for 11/5 Dividend
10/22/2024
Dividend Payable
11/05/2024
Today
12/21/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Radio & t.v. communications equipment
Sub-Industry
Electronic Equipment
Employees
86,689
Year Founded
1865

Price Target and Rating

Average Stock Price Target
$6.43
High Stock Price Target
$6.50
Low Stock Price Target
$6.35
Potential Upside/Downside
+45.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
6 Analysts

Profitability

Net Income
$719.73 million
Pretax Margin
8.57%

Debt

Sales & Book Value

Annual Sales
$19.77 billion
Cash Flow
$0.51 per share
Book Value
$3.96 per share

Miscellaneous

Outstanding Shares
5,452,551,000
Free Float
5,452,551,000
Market Cap
$24.15 billion
Optionable
Optionable
Beta
1.08

Social Links

7 Stocks That Could Be Bigger Than Tesla, Nvidia, and Google Cover

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

This page (NYSE:NOK) was last updated on 12/21/2024 by MarketBeat.com Staff
From Our Partners