Navigating Nokia (NOK) Stock – Key Insights for Investors

By Ken Smith • Wednesday, June 11 10:02 • Permanent Link

More and more people are talking about Nokia over the last few weeks. Is it worth buying the Broadcasting stock at a price of $5.33? Only time will tell. The information below will give you a basic idea of what this investment may entail:

Nokia has moved 40.4% over the last year, and the S&P 500 logged a change of 11.4%
NOK has an average analyst rating of buy and is -8.54% away from its mean target price of $5.83 per share
Its trailing earnings per share (EPS) is $0.25
Nokia has a trailing 12 month Price to Earnings (P/E) ratio of 21.3 while the S&P 500 average is 29.3
Its forward earnings per share (EPS) is $0.35 and its forward P/E ratio is 15.2
The company has a Price to Book (P/B) ratio of 1.38 in contrast to the S&P 500's average ratio of 4.74
Nokia is part of the Technology sector, which has an average P/E ratio of 30.44 and an average P/B of 4.19
The company has a free cash flow of $1.43 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to communications service providers, industrial enterprises, governments, digital industries, webscales and hyperscalers, licensees, and the defense sector. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.

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.