Large-cap Technology company Nokia has logged a -1.5% change today on a trading volume of 2,218,524. The average volume for the stock is 16,827,976.
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. Based in Espoo, Finland the company has 86,896 full time employees and a market cap of $22,517,766,144. Nokia currently offers its equity investors a dividend that yields 3.0% per year.
The company is now trading -35.81% away from its average analyst target price of $6.2 per share. The 7 analysts following the stock have set target prices ranging from $5.0 to $8.0, and on average give Nokia a rating of buy.
Over the last year, NOK shares have gone down by -20.3%, which represents a difference of -23.0% when compared to the S&P 500. The stock's 52 week high is $5.28 per share and its 52 week low is $3.93. Based on Nokia's 3.5% compound average gross margin growth rate over the last 4 years, its core business remains strong and the stock price may recover in the long term.
| Date Reported | Revenue ($ k) | Cost of Revenue ($ k) | Gross Margins (%) | YoY Growth (%) |
|---|---|---|---|---|
| 2022-12-31 | 24,911,000 | 14,689,000 | 41.03 | 3.12 |
| 2021-12-31 | 22,202,000 | 13,368,000 | 39.79 | 5.94 |
| 2020-12-31 | 21,867,000 | 13,653,000 | 37.56 | 5.18 |
| 2019-12-31 | 23,315,000 | 14,989,000 | 35.71 | n/a |
