Nokia Corp Adr Stock Today

NOK Stock  USD 3.57  0.03  0.83%   

Performance

4 of 100

 
Low
 
High
Insignificant

Odds Of Distress

Less than 8

 
100  
 
Zero
Low
Nokia Corp is selling for 3.57 as of the 28th of March 2024. This is a -0.83 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 3.56. Nokia Corp has only a 8 % chance of going through financial distress over the next few years but had a somewhat insignificant performance during the last 90 days. Equity ratings for Nokia Corp ADR are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 7th of June 2022 and ending today, the 28th of March 2024. Click here to learn more.
Business Domain
Technology Hardware & Equipment
IPO Date
3rd of January 1994
Category
Technology
Classification
Information Technology
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. Nokia Corp operates under Communication Equipment classification in the United States and is traded on New York Stock Exchange. The company has 5.54 B outstanding shares of which 22.39 M shares are now shorted by investors with about 1.98 days to cover. More on Nokia Corp ADR

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Nokia Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nokia Corp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokia Corp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOBasil Alwan
Thematic IdeaTechnology (View all Themes)
Old NameNok Airlines PCL
Business ConcentrationCommunications Equipment, Technology Hardware & Equipment, Information Technology, Technology, Information Technology, Communications Equipment, Communication Equipment, Technology (View all Sectors)
Average Analyst Recommendation
Analysts covering Nokia Corp report their recommendations after researching Nokia Corp's financial statements, talking to executives and customers, or listening in on Nokia Corp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Nokia Corp ADR. The Nokia consensus assessment is calculated by taking the average forecast from all of the analysts covering Nokia Corp.
Financial Strength
Based on the analysis of Nokia Corp's profitability, liquidity, and operating efficiency, Nokia Corp ADR is not in a good financial situation at this time. It has a very high probability of going through financial hardship in April. Financial strength of Nokia Corp ADR is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.470.4984
Notably Down
Slightly volatile
Gross Profit Margin0.290.3972
Way Down
Pretty Stable
Total Current Liabilities11.9 B10.9 B
Significantly Up
Pretty Stable
Non Current Liabilities Total13.8 B13.1 B
Sufficiently Up
Slightly volatile
Total Assets30.9 B44.7 B
Way Down
Slightly volatile
Total Current Assets19.3 B18.1 B
Notably Up
Pretty Stable
Nokia Corp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Nokia Corp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Nokia Corp's bond ratings measure its overall creditworthiness, which in many ways corresponds to the cost of borrowing for an issuer. These ratings assign a letter grade to all of Nokia Corp's outstanding corporate bonds that indicate their credit quality. We use reports published by private self-sufficient rating services such as Standard & Poor's or Fitch Ratings Inc. to evaluate a bond issuer's financial strength or its ability to pay a bond's principal and interest.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nokia Corp's financial leverage. It provides some insight into what part of Nokia Corp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Nokia Corp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Nokia Corp deploys its capital and how much of that capital is borrowed.
Liquidity
Nokia Corp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 5.19 B in debt with debt to equity (D/E) ratio of 0.29, which may show that the company is not taking advantage of profits from borrowing. Nokia Corp ADR has a current ratio of 1.5, which is typical for the industry and considered as normal. Debt can assist Nokia Corp until it has trouble settling it off, either with new capital or with free cash flow. So, Nokia Corp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Nokia Corp ADR sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Nokia to invest in growth at high rates of return. When we think about Nokia Corp's use of debt, we should always consider it together with cash and equity.

Other Non Cash Items

(1.84 Billion)
Nokia Corp ADR (NOK) is traded on New York Stock Exchange in USA. It is located in Karakaari 7, Espoo, Finland, 02610 and employs 86,689 people. Nokia Corp is listed under Communications Equipment category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 20.13 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokia Corp's market, we take the total number of its shares issued and multiply it by Nokia Corp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nokia Corp ADR runs under Communications Equipment sector within Information Technology industry. The entity has 5.54 B outstanding shares of which 22.39 M shares are now shorted by investors with about 1.98 days to cover. Nokia Corp ADR has about 5.47 B in cash with 1.32 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.7.
Check Nokia Corp Probability Of Bankruptcy
Ownership Allocation
Nokia Corp ADR holds a total of 5.54 Billion outstanding shares. Roughly 94.0 % of Nokia Corp outstanding shares are held by general public with 5.56 % by institutional investors. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Nokia Ownership Details

Nokia Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Nokia Corp jumping above the current price in 90 days from now is about 36.94%. The Nokia Corp ADR probability density function shows the probability of Nokia Corp stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.5556. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nokia Corp will likely underperform. Additionally, nokia Corp ADR has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 3.57HorizonTargetOdds Above 3.57
62.74%90 days
 3.57 
36.94%
Based on a normal probability distribution, the odds of Nokia Corp to move above the current price in 90 days from now is about 36.94 (This Nokia Corp ADR probability density function shows the probability of Nokia Stock to fall within a particular range of prices over 90 days) .

Nokia Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Nokia Corp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nokia Corp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nokia Corp's value.
InstituionRecorded OnShares
Optiver Holding B.v.2023-12-31
4.2 M
First Trust Advisors L.p.2023-12-31
3.9 M
Ubs Group Ag2023-12-31
3.8 M
Royal Bank Of Canada2023-12-31
3.4 M
Point72 Asset Management, L.p.2023-09-30
3.3 M
Penserra Capital Management, Llc2023-12-31
3.2 M
Susquehanna International Group, Llp2023-12-31
3.1 M
Sei Investments Co2023-12-31
2.6 M
Arrowstreet Capital Limited Partnership2023-12-31
2.3 M
Artisan Partners Limited Partnership2023-12-31
106.8 M
Pzena Investment Management, Llc2023-12-31
52.3 M
View Nokia Corp Diagnostics

Nokia Corp Historical Income Statement

Nokia Corp ADR Income Statement is one of the three primary financial statements used for reporting Nokia's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nokia Corp ADR revenue and expense. Nokia Corp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Nokia Corp's Total Operating Expenses is quite stable compared to the past year. Income Before Tax is expected to rise to about 1.7 B this year, although the value of Operating Income will most likely fall to about 1.8 B. View More Fundamentals

Nokia Stock Against Markets

Picking the right benchmark for Nokia Corp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nokia Corp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nokia Corp is critical whether you are bullish or bearish towards Nokia Corp ADR at a given time. Please also check how Nokia Corp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nokia Corp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Nokia Corp Corporate Directors

Nokia Corp corporate directors refer to members of a Nokia Corp board of directors. The board of directors generally takes responsibility for the Nokia Corp's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nokia Corp's board members must vote for the resolution. The Nokia Corp board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Simon JiangDirectorProfile
Bruce BrownNon-Executive Independent DirectorProfile
Soeren SkouDirectorProfile
Elizabeth DohertyIndependent DirectorProfile

How to buy Nokia Stock?

Before investing in Nokia Corp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nokia Corp. To buy Nokia Corp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nokia Corp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Nokia Corp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Nokia Corp ADR stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Nokia Corp ADR stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nokia Corp ADR, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nokia Stock please use our How to Invest in Nokia Corp guide.

Already Invested in Nokia Corp ADR?

The danger of trading Nokia Corp ADR is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nokia Corp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nokia Corp. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nokia Corp ADR is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Nokia Corp ADR is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Nokia Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Nokia Corp Adr Stock. Highlighted below are key reports to facilitate an investment decision about Nokia Corp Adr Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia Corp ADR. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Nokia Corp's price analysis, check to measure Nokia Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nokia Corp is operating at the current time. Most of Nokia Corp's value examination focuses on studying past and present price action to predict the probability of Nokia Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokia Corp's price. Additionally, you may evaluate how the addition of Nokia Corp to your portfolios can decrease your overall portfolio volatility.
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Is Nokia Corp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nokia Corp. If investors know Nokia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nokia Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.72)
Dividend Share
0.13
Revenue Per Share
4.011
Quarterly Revenue Growth
(0.23)
Return On Assets
0.0307
The market value of Nokia Corp ADR is measured differently than its book value, which is the value of Nokia that is recorded on the company's balance sheet. Investors also form their own opinion of Nokia Corp's value that differs from its market value or its book value, called intrinsic value, which is Nokia Corp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nokia Corp's market value can be influenced by many factors that don't directly affect Nokia Corp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nokia Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nokia Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nokia Corp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.