For its first fiscal quarter (ending March 31), Nokia OYJ (NYSE: NOK) has reported E.P.S. of $0.09 compared to $0.05 a year ago. E.P.S. were $0.18 for the latest four quarters through March 31 versus $0.82 for the same period a year ago.
Recent Price Action
Nokia OYJ (NYSE: NOK) stock enjoyed a large increase of 3.6% on 4/18/24. The stock closed at $3.45. Moreover, this advance was accompanied by above average trading volume at 143% of normal. The stock has risen 0.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NOK is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nokia OYJ has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Nokia OYJ has a good Appreciation Score of 83 but a poor Power Rating of 26, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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