Nokia Oyj (NYSE:NOK – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totalling 14,670,000 shares, a decrease of 20.8% from the June 15th total of 18,520,000 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 13,500,000 shares, the days-to-cover ratio is presently 1.1 days.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on NOK shares. JPMorgan Chase & Co. decreased their price target on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday, April 16th. StockNews.com upgraded Nokia Oyj from a “hold” rating to a “buy” rating in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and a consensus target price of $4.42.
Get Our Latest Stock Analysis on Nokia Oyj
Hedge Funds Weigh In On Nokia Oyj
Nokia Oyj Price Performance
NOK stock traded up $0.05 during mid-day trading on Friday, reaching $3.99. 12,466,248 shares of the company traded hands, compared to its average volume of 11,215,365. The company has a fifty day moving average price of $3.82 and a 200-day moving average price of $3.64. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.64 and a quick ratio of 1.40. Nokia Oyj has a 52-week low of $2.94 and a 52-week high of $4.36. The company has a market capitalization of $22.04 billion, a P/E ratio of 25.00, a P/E/G ratio of 1.24 and a beta of 1.12.
Nokia Oyj (NYSE:NOK – Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The technology company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.06 by $0.04. Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $5.19 billion. As a group, analysts anticipate that Nokia Oyj will post 0.38 earnings per share for the current year.
About Nokia Oyj
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.
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