NOK

Nokia (NOK) Surges 1.4% on Robust Trading Volume

Shares of Nokia have moved 1.4% today, and are now trading at a price of $3.94. Today's trading volume is 16,685,146 compared to the stock's average volume of 17,003,134.

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 $22,374,922,240. Nokia currently offers its equity investors a dividend that yields 3.1% per year.

The company is now trading -35.17% away from its average analyst target price of $6.07 per share. The 6 analysts following the stock have set target prices ranging from $5.02 to $7.0, and on average give Nokia a rating of buy.

The stock's 52 week high is $5.28 per share and its 52 week low is $3.83. Based on Nokia's average net margin growth of 388.3% over the last 4 years, its core business remains strong and the stock price may recover in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2022-12-31 24,911,000 4,250,000 17.06 133.38
2021-12-31 22,202,000 1,623,000 7.31 165.74
2020-12-31 21,867,000 -2,431,000 -11.12 -37166.67
2019-12-31 23,315,000 7,000 0.03 n/a
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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