Nokia Corporation (NOK): Check-out its Performance

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Nokia Corporation (NYSE:NOK) changes shares on Thursday trading session, with a change of 5.95% or $0.25 shares. The trading starts at $4.18 and closed at $4.20 throughout the day. The trading session low price was $4.15 and day high was $4.45 on Thursday, June 25. After the session, the Technology sector daily volume shifted to 43.38 million while its average volume is 27.24M. In other hand, the NOK market cap reached to $25.53B. While, its current target price is $4.45 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.83% and up 13.81% for month. Its quarterly performance was 41.27% above, while its half year performance is up 22.59%. NOK yearly performance stood at negative -11.35% and rise 19.95% for year-to-date. Current recommendation for Nokia Corporation is 2.40.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. NOK EPS (TTM) for 12-month is 0.07. EPS for this year is 102.50%, while for the next year its value is 0.30. Sales growth for the current quarter is 4.77 while its EPS Q/Q reached 76.80%. It has an EPS of -67.20% down for past five years and for the next five years will be up 13.34%.

Let’s take a look on the analyst recommendations on NOK for the current month and previous month. For the current month, 19 of 32 analysts recommend stock as Buy while 1 as Sell, 2 as overweight, 1 as underweight and 9 as Hold. As compared with the previous month ratings, 34 analysts participate in stock recommendation. Out of 34, 1 rated it sell, 20 rated it as Buy and 10 as Hold Ratings. On the other hand, target price ranges from $3.14-$6.00. Average target price for NOK was reached at $4.80.

Primecap Management Company, Ariel Investments, LLC and AllianceBernstein, L.P. are the top three holders in Nokia Corporation (NOK) stock. On Mar 30, 2020, Primecap Management Company has 28.6 million shares which valued 88.65 million. On Mar 30, 2020, Ariel Investments, LLC owned 17.84 million shares which valued at 55.3 million. On Mar 30, 2020, AllianceBernstein, L.P. has a total of 8.82 million shares which valued at 27.35 million. In the end, AllianceBernstein, L.P. have 1.34% shares outstanding of Nokia Corporation (NOK) on Mar 30, 2020. The institutional holding shifted to 4.60%.

The company posted an EPS (TTM) of 0.07. According to the most recent quarter report on (Jun 2020), 7 analysts estimated an average EPS of 0.02, while 0.06 EPS posted a year ago period. Analyst Estimated EPS for NOK published in the report was 0.01-0.04 during the same period. Comparing with last year, the average estimated EPS was 0.06 which is higher than 0.01 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for NOK rise 14.17% for period of 200 days. SMA for 50 days was 15.85% which is showing green signal, while SMA-20 was 3.75%. The moving average value for Nokia Corporation (NOK) is 3.7101 and 4.0103 for 200 and 50 days respectively.