Nokia Corporation (NOK), a Communication Equipment corporation, was a active mover in the prior market session. Nokia Corporation (NOK) shares opened the day for trading at $3.6000 and closed the day at $3.5700 with gains of 0.00%. The increase movement in Nokia Corporation (NOK) beat the movement in the DOW for the day which lossed -1.89% in prior market day.
Nokia Corporation (NOK) is focused on the Communication Equipment sector. This market sector has seen some action from day traders in recent weeks. Bullish day traders of Nokia Corporation (NOK) will be looking for positive upcoming earnings whereas bearish day traders of Nokia Corporation (NOK) will be looking for negative earnings. The last time Nokia Corporation (NOK) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.01 compared to an estimate of $0.01 . Current earnings estimates are to be released for Current Qtr 06/2020 on Nokia Corporation (NOK) and out of 4 Wall Street estimates the average is saying $0.03. The high estimate is saying $0.04 whereas the low estimate is saying $0.01 and the prior year Nokia Corporation (NOK) announced earnings at $0.06 a growth rate est. (year over year) of -50.00%.
The market performance of Nokia Corporation (NOK) has varied recently. Year to date Nokia Corporation (NOK)’s shares are down -3.77%. Over the past 12 weeks Nokia Corporation (NOK) is down -17.55% and over the last 4 weeks Nokia Corporation (NOK) is up 9.85%. Gross Profit is $8.45B. .
Wall street day traders might also notice recent changes to stock analyst estimates for Nokia Corporation (NOK). The stock is trading with an RSI (relative strength index) of 62.75 indicating Nokia Corporation (NOK) is neither overbought nor oversold. Technically, NOK’s short term support levels are around $14.51, $13.98 and $13.01 on the downside. NOKs short term resistance levels are $23.50, $22.70 and $22.24 on the upside. The market cap of Nokia Corporation (NOK) is $20.198B and institutions hold 4.78% of the stock. The outstanding share count stands at 5.63B while the short float (shares short) stands at 0.34%.
Research indicates that these estimate changes look to be directly correlated with short-term shares prices. The day traders can look to capitalize on the basis of ranking. Based on technical analysis, NOK has short term rating of Bullish (0.39), Intermediate rating of Bullish (0.39) and the long-term rating of Neutral (0.22) giving it an overall rating of Bullish (0.33).
The EPS growth this year on Nokia Corporation (NOK) is increased 102.50% and is expected to increase 27.12% next year. However, quarterly earnings (EPS) growth year over year on Nokia Corporation (NOK) has increased by 76.80% and quarterly revenue (Sales) growth year over year stands at -2.40%. Gross margin is detected at 36.70% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 1.40% while return on equity (ttm) is 2.20%.