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NOK
Stock ticker: NYSE
AS OF
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Capitalization
21.59B

NOK Nokia Corp Forecast, Technical & Fundamental Analysis

a provider of network infrastructure, technology and software services

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for NOK with price predictions
08:00 PM EDT Sep 21, 2023

NOK's RSI Indicator recovers from overbought zone

The 10-day RSI Indicator for NOK moved out of overbought territory on September 12, 2023. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 instances where the indicator moved out of the overbought zone. In of the 31 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 20, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NOK as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NOK turned negative on September 18, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at .

NOK moved below its 50-day moving average on September 21, 2023 date and that indicates a change from an upward trend to a downward trend.

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 of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

The 10-day moving average for NOK crossed bullishly above the 50-day moving average on September 08, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 21 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NOK advanced for three days, in of 283 cases, the price rose further within the following month. The odds of a continued upward trend are .

NOK may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 199 cases where NOK Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued 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 (0.956) is normal, around the industry mean (7.684). P/E Ratio (5.003) is within average values for comparable stocks, (43.680). NOK's Projected Growth (PEG Ratio) (8.253) is very high in comparison to the industry average of (2.202). Dividend Yield (0.028) settles around the average of (0.042) among similar stocks. P/S Ratio (0.807) is also within normal values, averaging (22.669).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating 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 Price Growth Rating for this company is (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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average 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 Tickeron Profit vs. Risk Rating rating for this company is (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 89, placing this stock worse than average.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Hewlett Packard Enterprise Company (NYSE:HPE), Nokia Corp (NYSE:NOK), Ericsson (NASDAQ:ERIC), Juniper Networks (NYSE:JNPR), Ciena Corp (NYSE:CIEN), Lumentum Holdings (NASDAQ:LITE), CommScope Holding Company (NASDAQ:COMM), Casa Systems (NASDAQ:CASA).

Industry description

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.

Market Cap

The average market capitalization across the Telecommunications Equipment Industry is 4.05B. The market cap for tickers in the group ranges from 1.59K to 217.22B. CSCO holds the highest valuation in this group at 217.22B. The lowest valued company is ABILF at 1.59K.

High and low price notable news

The average weekly price growth across all stocks in the Telecommunications Equipment Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was -8%. OKIEY experienced the highest price growth at 34%, while CAMP experienced the biggest fall at -32%.

Volume

The average weekly volume growth across all stocks in the Telecommunications Equipment Industry was -56%. For the same stocks of the Industry, the average monthly volume growth was 4% and the average quarterly volume growth was -23%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 68
Price Growth Rating: 65
SMR Rating: 76
Profit Risk Rating: 88
Seasonality Score: -14 (-100 ... +100)
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A.I. Advisor
published Earnings

NOK is expected to report earnings to rise 19.43% to 8 cents per share on October 19

Nokia Corp NOK Stock Earnings Reports
Q3'23
Est.
$0.08
Q2'23
Missed
by $0.01
Q1'23
Missed
by $0.02
Q4'22
Beat
by $0.03
Q3'22
Beat
by $0.01
The last earnings report on July 20 showed earnings per share of 7 cents, missing the estimate of 7 cents. With 2.45M shares outstanding, the current market capitalization sits at 21.59B.
A.I.Advisor
published Dividends

NOK paid dividends on August 08, 2023

Nokia Corp NOK Stock Dividends
А dividend of $0.03 per share was paid with a record date of August 08, 2023, and an ex-dividend date of July 24, 2023. Read more...
A.I. Advisor
published General Information

General Information

a provider of network infrastructure, technology and software services

Industry TelecommunicationsEquipment

Profile
Fundamentals
Details
Industry
Telecommunications Equipment
Address
Karakaari 7
Phone
+358 104488000
Employees
86896
Web
http://www.nokia.com
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NOK and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOK has been closely correlated with ERIC. These tickers have moved in lockstep 80% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOK jumps, then ERIC could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOK
1D Price
Change %
NOK100%
+0.52%
ERIC - NOK
80%
Closely correlated
+0.39%
CSCO - NOK
59%
Loosely correlated
+0.43%
JNPR - NOK
55%
Loosely correlated
+0.72%
HPE - NOK
54%
Loosely correlated
+0.24%
COMM - NOK
48%
Loosely correlated
-0.30%
More

Groups containing NOK

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOK
1D Price
Change %
NOK100%
+0.52%
NOK
(undefined stocks)
92%
Closely correlated
-1.65%
5g
(undefined stocks)
68%
Closely correlated
-0.36%
telecommunication equipment
(undefined stocks)
65%
Loosely correlated
+0.42%
mobile
(undefined stocks)
63%
Loosely correlated
-0.18%
Telecommunications Equipment
(undefined stocks)
62%
Loosely correlated
-0.08%
More