Nokia Corporation (ADR) (NYSE:NOK) Update

In last trading session, the stock price of Nokia Corporation (ADR) (NYSE:NOK) closed at 7.160. It hit a high of 7.190 and low of 7.150 in current trading session. Nokia Corporation Sponsored Ame, which is a NYQ public traded firm, has a market of 26.01B and has recorded an average daily volume of 11335300 since the last three months.

While analyzing the stock in technical terms, it is seen that the stock has a 50 Day Moving Average of 7.178 and is trading -0.045% from it. Also, from its 200-day average, it is trading +4.257% off that mark. The stock’s current trading price is -14.277% off its 52-week high of 8.370 and +25.657% off its 52-week low of 5.710.

Many research analysts have given their price and earnings estimates on the stock. Based on these reports, the sell-side analysts expect the stock to touch price level of 9.100 in the coming one year. As per the record, the company’s earnings during the last one year averaged at 0.334 per share. The First Call stated that the company is expected to post earnings of 0.070 per share in next quarter. The market consensus forecast for this fiscal EPS stands at 0.350 while for next year it is projected at 0.360.

The price to earnings ratio abbreviated as P/E ratio determines the company’s valuation by comparing existing market price, with its per-share earnings. Nokia Corporation (ADR) (NYSE:NOK) P/E ratio stands at 21.482. This is a significant ratio as higher ratio indicates that investors are expecting higher earnings growth prospects against other companies in the same industry. As per the brokerages estimates the stock’s Price to current year EPS sits at 20.500 and next year’s EPS at 19.931.

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