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Nokia (NOK, $5.47) shares get rating boost at Goldman Sachs
On Friday, Nokia shares got a rating upgrade from analysts at Goldman Sachs.
Analyst Alexander Duval boosted rating on the company’ stock to buy from neutral. Duval also hiked his price target to $6.50 from $4.90. This is the highest target of analysts tracked by Bloomberg.
The analyst cited a better 5G spending backdrop, wireless product progress and market-share gain from Chinese vendors such as Huawei, especially in Europe, as factors behind the improved outlook.
In March, Nokia announced a five-year deal with AT&T. As part of the deal, Nokia will provide its latest fifth-generation equipment to power 5G on AT&T’s C-Band network.
NOK sees MACD Histogram just turned negative
NOK saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on May 06, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 48 instances where the indicator turned negative. In 31 of the 48 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 65%.
Current price $4.88 crossed the resistance line at $5.04 and is trading between $5.04 resistance and $3.87 support lines. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -7% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +2% Uptrend.
The Momentum Indicator moved below the 0 level on May 05, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on NOK as a result. In 43 of 83 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 52%.
NOK moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for NOK crossed bearishly below the 50-day moving average on April 18, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 63%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOK declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 60%.
The Aroon Indicator for NOK entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 59 cases where NOK's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
Following a +4.60% 3-day Advance, the price is estimated to grow further. Considering data from situations where NOK advanced for three days, in 163 of 271 cases, the price rose further within the following month. The odds of a continued upward trend are 60%.
NOK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 50%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.29.
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NOK’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 86, placing this stock worse than average.
The Tickeron Price Growth Rating for this company is 59 (best 1 - 100 worst), indicating steady price growth. NOK’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 34 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.456) is normal, around the industry mean (9.262). P/E Ratio (17.182) is within average values for comparable stocks, (48.489). Projected Growth (PEG Ratio) (3.030) is also within normal values, averaging (8.943). Dividend Yield (0.004) settles around the average of (0.036) among similar stocks. P/S Ratio (1.177) is also within normal values, averaging (59.826).
The Tickeron SMR rating for this company is 28 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 25 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Telecommunications Equipment industry produces voice and data communications equipment, which includes fiber optic delivery products, digital signal processors, high-speed voice, data and video delivery. Additionally, satellite systems, global positioning systems, wireless data systems, personal communications equipment, telephone handsets and payload equipment for satellites also fall into this category. Apple Inc., QUALCOMM Incorporated and Nokia are major global players in this segment.
The average market capitalization across the Telecommunications Equipment Industry is 4.1B. The market cap for tickers in the group ranges from 22.4K to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is DIRV at 22.4K.
The average weekly price growth across all stocks in the Telecommunications Equipment Industry was 6.7%. For the same Industry, the average monthly price growth was -5.71%, and the average quarterly price growth was -17.51%. CRMK experienced the highest price growth at 390%, while VMNT experienced the biggest fall at -38.78%.
- 5/5/22 4:57 AM: Nokia (NOK, $5.33) was a top weekly gainer, with a +5.75% jump
- 4/28/22 6:02 AM: Nokia (NOK, $5.04) was a top loser this week, declining -5.44%
- 4/13/22 8:15 AM: Nokia (NOK, $5.18) was a top loser this week, declining -6.16%
The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was -24.31%. For the same stocks of the Industry, the average monthly volume growth was 15.83% and the average quarterly volume growth was -16.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 50%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.33.
28 stocks in the group of tickers exhibit a similar negative trend based on the TrendWeek indicator with an average likelihood of 76%.
The most notable companies in this group are Apple (NASDAQ:AAPL), QUALCOMM (NASDAQ:QCOM), Nokia Corp (NYSE:NOK), Ericsson (NASDAQ:ERIC), Ciena Corp (NYSE:CIEN), CommScope Holding Company (NASDAQ:COMM), Avaya Holdings Corp (NYSE:AVYA), Casa Systems (NASDAQ:CASA).
The average market capitalization across the group is 34.7B. The market cap for tickers in the group ranges from 0 to 2.4T. AAPL holds the highest valuation in this group at 2.4T. The lowest valued company is AATV at 0.
- 5/10/22 5:36 AM: Apple (AAPL, $152.06) saw a $91.7B market cap decrease this week
- 5/5/22 4:57 AM: Apple (AAPL, $166.02) saw a $131.9B market cap increase this week
- 5/3/22 8:18 AM: Apple (AAPL, $157.96) saw a $101.5B market cap decrease this week
The average weekly price growth across all stocks in the group was -2.25%. For the same group, the average monthly price growth was -11.54%, and the average quarterly price growth was -27.96%. SWIR experienced the highest price growth at 34.84%, while XDSL experienced the biggest fall at -45.67%.
- 5/14/22 4:23 AM: Sonim Technologies (SONM, $0.6) is a top weekly loser for penny stocks, falling -22.59%
- 5/14/22 4:23 AM: Westell Technologies (WSTL, $1.24) was a top loser this week, declining -5.73%
- 5/14/22 4:23 AM: Edgewater Wireless Systems (KPIFF, $0.06) was a top loser this week, declining -10.65%. Expect a Downtrend continuation
The average weekly volume growth across all stocks in the group was 490.97%. For the same stocks of the group, the average monthly volume growth was 100.01% and the average quarterly volume growth was 69.21%
- 5/6/22 5:00 AM: The volume for Sonim Technologies stock increased for one day, resulting in a record-breaking daily growth of 1,012% of the 65-Day Volume Moving Average
- 5/4/22 8:21 AM: The volume for Digital Ally stock increased for one day, resulting in a record-breaking daily growth of 261% of the 65-Day Volume Moving Average
- 4/22/22 6:32 AM: The volume for Blonder Tongue Laboratories stock increased for one day, resulting in a record-breaking daily growth of 214% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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