Due in part to its low share price, Nokia has become a favorite stock among traders on the increasingly popular Reddit group, r/WallStreetBets. That's led to a surge in Nokia's trading volumes in recent days, which has helped to boost its share price.
Full Answer
Is Nokia stock a Buy Right Now?
Apr 08, 2022 · finance.yahoo.com - March 14 at 3:18 PM. Nokia Corporation: Repurchase of own shares on 14.03.2022. finance.yahoo.com - March 14 at 3:18 PM. Nokia (NYSE:NOK) Shares Gap Up to $4.81. americanbankingnews.com - March 14 at 11:52 AM. Nokia stock jumps after Raymond James says it's OK to buy now - MarketWatch.
Is Nokia stock a buy or sell?
Jan 06, 2022 · Many may see Nokia’s (NYSE: NOK) strong performance during 2021 and chalk it up entirely to its association to the “meme stocks” trend.This investing phenomenon could have played a role in ...
Is Nokia stock a good buy?
Nokia stock rallies after Raymond James says it’s OK to buy now The U.S.-listed shares of Nokia Corp. got a boost Monday, after Raymond James analyst Simon Leopold upgraded the Finland …
Is Nokia a good investment?
Apr 07, 2022 · Nokia Corporation stock price up 0.19% on Friday(Updated on Mar 18, 2022) The Nokia Corporation stock price gained 0.19% on the last trading day (Friday, 18th Mar 2022), rising from $5.32 to $5.33. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected.
Why are Nokia shares going up?
Nokia Tuesday upgraded its financial guidance for 2021 and estimated that it would have a comparable operating margin this year.Jan 11, 2022
Is Nokia a good stock to buy now?
Analysts now expect Nokia to earn 41 cents/share in 2022. This means investors are now paying just 13 times forward earnings for NOK stock. There are just two analysts following NOK stock at Tipranks, but their average price target is 22% ahead of where the stock is currently trading.Dec 6, 2021
Will Nokia continue to go up?
Jan. 11, 2022, at 2:37 a.m. HELSINKI (Reuters) -Finnish telecoms equipment maker Nokia on Tuesday gave its first guidance for 2022, easing investors' concerns over the impact the global chip shortage may have had on its operations.Jan 11, 2022
Is Nokia stock projected to go up?
Stock Price Forecast The 26 analysts offering 12-month price forecasts for Nokia Oyj have a median target of 6.83, with a high estimate of 8.00 and a low estimate of 5.70. The median estimate represents a +24.79% increase from the last price of 5.47.
Is Nokia a good long term hold?
Nokia wrapped up another strong quarter highlighted by decent revenue and margin growth. Though its supply chain issues may impact its fourth-quarter performance, it should perform exceedingly well in the long term.Nov 3, 2021
Is Nokia stock undervalued?
Nokia recently reported above-expectation Q3 results. Wall Street experts believe that the stock is undervalued and see fair price above $6. Finnish company Nokia became a meme target in January 2021.Oct 29, 2021
Is Nokia a good stock to buy 2021?
Many may see Nokia's (NYSE:NOK) strong performance during 2021 and chalk it up entirely to its association to the “meme stocks” trend. This investing phenomenon could have played a role in some of its wilder moves last year (it's not for certain).Jan 5, 2022
Is Nokia a good stock to buy 2022?
The Nokia stock forecast 2022 is a bullish one, which rides on the back of the latest 2021 guidance by the company that exceeds its previous targets, the 4th quarter earnings that beat estimates, the restart of dividend payments, and the strong imprint the company is making in the deployment of 5G technology.Feb 10, 2022
Should I sell my Nokia stock?
Stockchase rating for Nokia is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.
Is Nokia stock a buy or sell?
Nokia Oyj has received a consensus rating of Buy. The company's average rating score is 2.88, and is based on 14 buy ratings, 2 hold ratings, and no sell ratings.
Will Nokia pay a dividend in 2022?
The Annual General Meeting decided on 5 April 2022 that no dividend is distributed by a resolution of the Annual General Meeting and authorized the Board of Directors to resolve in its discretion on the distribution of an aggregate maximum of EUR 0.08 per share as dividend from the retained earnings and/or as assets ...
Will Nokia pay dividends in 2021?
Nokia, which suspended its dividend in 2019 even before the Covid-19 pandemic, said it will now provide shareholders with 8 euro cents per share for 2021.Feb 3, 2022
Is Nokia a buy right now?
18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nokia in the last year. There are currently 1 sell rating, 5 hold ratings and 12 buy ratings for the stock.
What stocks does MarketBeat like better than Nokia?
Wall Street analysts have given Nokia a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Nokia wasn't one of them.
Are investors shorting Nokia?
Nokia saw a increase in short interest in August. As of August 13th, there was short interest totaling 37,780,000 shares, an increase of 13.3% from the July 29th total of 33,350,000 shares. Based on an average trading volume of 31,720,000 shares, the days-to-cover ratio is presently 1.2 days.
When is Nokia's next earnings date?
Nokia is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.#N#View our earnings forecast for Nokia.
How were Nokia's earnings last quarter?
Nokia Co. (NYSE:NOK) announced its earnings results on Wednesday, July, 28th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The technology company earned $6.40 billion during the quarter, compared to analysts' expectations of $6.41 billion.
How has Nokia's stock been impacted by Coronavirus (COVID-19)?
Nokia's stock was trading at $3.13 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, NOK stock has increased by 88.8% and is now trading at $5.91.#N#View which stocks have been most impacted by COVID-19.
What guidance has Nokia issued on next quarter's earnings?
Nokia updated its FY 2021 earnings guidance on Thursday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $25.82 billion-$27.01 billion, compared to the consensus revenue estimate of $25.81 billion.
What is Nokia's business?
Nokia (NYSE:NOK) is a leading firm in the telecommunications equipment industry. Its network business garners revenue from selling wireless and fixed-line hardware, software and services. Nokia’s technology segment licenses its patents to handset manufacturers and makes royalties from Nokia-branded cellphones.
Is Nokia a 5G company?
Amid drastic changes to its business, Nokia ( NYSE: NOK) continues to attract investor attention. Once the leading maker of mobile phones, it has redefined itself as a telecom equipment stock in the 5G era.
Signals & Forecast
Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development.
Support, Risk & Stop-loss
Nokia Corporation finds support from accumulated volume at $5.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
Is Nokia Corporation stock A Buy?
The Nokia Corporation stock holds several negative signals and despite the positive trend, we believe Nokia Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
When did Nokia sell its phone?
From the highs of global dominance to the lows of nearing bankruptcy, Nokia’s phone business culminated in a sale to Microsoft for $7.2 billion in 2013. “We didn’t do anything wrong, but somehow, we lost” — Stephen Elop, former Nokia CEO.
What is Nokia known for?
Renowned for its indestructible build and multiday battery, Nokia swiftly captured market share by promoting mobile phones as fashion accessories. Just like with watch straps, users could swap cover colors, turning a cellphone into a fashion statement. By 1998, Nokia overtook Motorola to become the world’s largest mobile phone brand.
When did Google come out with Android?
As Google entered the market in 2008, many competitors jumped ship to the Android operating system. Among them were soon-to-be bestsellers Samsung, Motorola, and Huawei. While competitors enjoyed an increasing share of the market, Nokia was reluctant to switch operating systems. In 2011, Nokia finally took the leap.
