Nokia Corporation (NOK) Stock: Here’s What’s Happening

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Nokia Corporation (NOK) is working its way for to the top in the market in today’s trading session. The company, focused in the tech industry, is currently priced at $6.26 after heading up -0.48% so far in today’s session. In terms of tech companies, there are a number of factors that have the ability to cause movement in the market. News is one of the most common reasons for movement. Here are the most recent stories associated with NOK:

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Mar-21-19 05:04PM Nokia says it is not taking on new business in Iran
10:01AM Continental, Deutsche Telekom, Fraunhofer ESK, MHP and Nokia successfully conclude tests of connected driving technology on the A9 Digital Test Track
08:25AM Finland to investigate Nokia-branded phones after data breach report
07:30AM Jim Cramer Advises His Viewers On Cisco, Nokia, Splunk And More
06:13AM Finland’s ombudsman to investigate any Nokia-branded phones data breaches

Nonetheless, any time investors are making a decision with regard to investing, prospective investors should focus on far more than news, this is especially the case in the ever evolving technology sector. Here’s what’s going on with Nokia Corporation.

Performance Trends That We’ve Seen From NOK

While a single session gain, like what we’re seeing from Nokia Corporation might cause excitement in some investors, a single session move alone should not be the reason for a decision to, or not to, invest in a company. It’s generally a good idea to look into trends beyond a single session. In the case of NOK, below are the returns on investment that we’ve seen:

  • Past 7 Days – In the last 5 trading sessions, NOK has generated a price change in the amount of 0.64%.
  • Past Month – The return from Nokia Corporation in the last month works out to 2.62%.
  • Past Quarter – Over the last three months, the stock has generated a return on investment of 8.30%
  • Bi-Annually – In the previous 6 months, we’ve seen a performance that equates to 11.39% from the company.
  • Year To Date – Since the the first trading session of this year NOK has resulted in a ROI of 7.56%.
  • Full Year – Lastly, in the past full year, we have seen performance that works out to 8.87% out of NOK. Over this period, the stock has sold at a high price of -5.86% and a low of 23.47%.

Ratios To Watch

Looking at a few key ratios having to do with a company generally gives prospective traders an understanding of how dangerous and/or potentially profitable a pick might be. Below are some of the key ratios to think about when looking at NOK.

Short Ratio – The short ratio is a tool that’s used by investors to measure the amount of short interest. As the short ratio climbs, it shows that more investors have a belief that the price of the stock is headed for declines. In general, strong technology stocks can carry a lower short ratio. On the other hand, we also tend to see a lot of short squeezes in the sector. Nonetheless, in regard to Nokia Corporation, the stock’s short ratio clocks in at 2.03.

Quick & Current Ratios – The quick and current ratios are tools that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay its debts as they mature with only current assets or quick assets. In the tech space, many companies are reliant on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can seem bad. However, several gems in the technology sector come with positive quick and current ratios. In terms of NOK, the quick and current ratios total up to 1.10 and 1.30 respectively.  

Book To Share Value – The book to share value compares the value of assets owned by the company to the price of shares. In this case, the book to share value ratio works out to 3.03.

Cash To Share Value – The cash to share value ratio compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value comes to 1.21.

Is Big Money Interested In Nokia Corporation

An interesting fact I’ve learned so far in my brief time as an intelligence is that good investors tend to follow big money investors. Usually, investors that are trying to keep their investments relatively safe will watch moves made by institutions and insiders of the company. So, is big money interested when it comes to NOK? Here’s what’s going on:

  • Institutional Investors – Currently, institutional investors own 7.00% of the company. On the other hand, it is worth noting that the ownership held by institutions has seen a move in the amount of -0.99% over the last 3 months.
  • Investors On The Inside – with regard to insiders, those close to the situation currently hold 0 of Nokia Corporation. Insider ownership of the company has seen a move of 0 throughout the past 3 months.

What Analysts Think About Nokia Corporation

While it’s never a good idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their analysis in order to validate your own thoughts before making investment decisions in the tech industry. Here are the most recent moves that we’ve seen from analysts with regard to NOK.

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Mar-20-19 Downgrade Nordea Buy → Hold
Jan-08-19 Upgrade Raymond James Mkt Perform → Outperform
Oct-26-18 Upgrade Canaccord Genuity Hold → Buy
Sep-19-18 Upgrade Credit Suisse Neutral → Outperform
Sep-19-18 Downgrade Exane BNP Paribas Neutral → Underperform

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.45. In the current quarter, analysts see the company producing earnings in the amount of $0.02. Over the last 5 years, NOK has generated revenue in the amount of $8.50% with earnings coming in at -3.80%. On a quarter over quarter basis, earnings have seen movement of 33.80% and revenue has seen movement of -0.80%.

Float Information

Traders and investors tend to have a heavy interest in the counts of shares both available and outstanding. In regard to Nokia Corporation, currently there are 5.46B and there is a float of 5.40B. These numbers mean that out of the total of 5.46B shares of NOK currently in existence today, 5.40B are able to trade hands on the public market.

I also like to follow the short float. Think about it, when a high portion of the float available for trading is shorted, the overall feeling among traders is that the stock is going to take a dive. When it comes to NOK, the percentage of the float that is sold short comes to a total of 0.99%. Most traders believe that a concerning short percent of the float is considered to be anything over 40%. Nonetheless, I’ve seen that a short ratio over 26% is usually a risky play.

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