Time for Investors to Take the Plunge on Nokia Corporation (NYSE:NOK)

Equity Research firms currently have a positive stance on shares of Nokia Corporation (NYSE:NOK). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.10. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $7.03 on a short term basis.

At the time of writing, the stock was trading at $5.74. This represents a change from the opening price of -0.86%. In terms of performance, year to date, the stock is -13.49%. The monthly stock performance comes in at 1.59%. For the quarter, shares are performing at 7.08%. Weekly performance analysis shows the equity at 2.31%.

In taking a look at technical levels, shares are trading 1.00% away from the 50 day simple moving average and -0.39% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -20.54% away from it’s 52- week high and 19.34% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Nokia Corporation’s RSI stands at 55.88. In looking at volatility levels, the shares saw weekly volatility of 1.48% and 1.41% over the past month.

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