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How to buy Nokia stock

Learn how to easily invest in Nokia stock.

Nokia Corp ADR (NOK) is a leading communication equipment business based in the US. It opened the day at $4.50 after a previous close of $4.55. During the day the price has varied from a low of $4.48 to a high of $4.58. The latest price was $4.57 (25 minute delay). Nokia is listed on the NYSE and employs 87,927 staff. All prices are listed in US Dollars.

Stock prices and other data on this page delayed by 25 minutes.

How to buy shares in Nokia

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – NOK – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.
Client disclaimer: US Brokerage services through eToro USA Securities Inc, member of FINRA, SIPC. Crypto assets through eToro USA LLC.

Nokia stock price (NYSE: NOK)

Use our graph to track the performance of NOK stocks over time.

Nokia shares at a glance

Information last updated 2022-07-06.
Open$4.50
High$4.58
Low$4.48
Close$4.57
Previous close$4.55
Change $0.02
Change % 0.3297%
Volume 24,910,088
Information last updated 2022-07-01.
52-week range$4.49 - $6.37
50-day moving average $4.91
200-day moving average $5.46
Wall St. target price$7.10
PE ratio 16.4643
Dividend yield $0.02 (0.45%)
Earnings per share (TTM) $0.28

Investment Thesis for NOK

Nokia is one of the leading vendors in the telecommunications equipment industry. The company sells hardware, software and services to communication service providers (CSPs). It also earns revenue through licensing communication patents and royalty payments.

With the upcoming network infrastructure upgrades to 5G worldwide, Nokia’s core operation should benefit from this. Nokia also offers solutions to clients who want to integrate Internet of Things (IoT) devices into their networks and enterprises. What’s more, the company intends to pursue licensing in industries such as automotive and consumer electronics. All this should positively impact the company going forward.

Key Risks of Nokia Stock

Nokia is a leader in the CSP supplier market but there is fierce competition from companies like Huawei, Ericsson, ZTE and Samsung. With some countries limiting ZTE and Huawei from participating in building their 5G infrastructure, Nokia could benefit. But this can also backfire with China preventing other non-Chinese manufacturers from building Chinese 5G infrastructure.

Another potential risk is the slow adoption of 5G networks. If demand for higher network speeds as well as use of IoT devices is low, CSPs may halt their network upgrades.

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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is Nokia Stock a Buy?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Should You Invest $1,000 in Nokia Stock Right Now?

Most analysts give Nokia a buy rating with a target price of around $7 in the next 12 months. Depending on the current stock price, this could be a bargain. It’s also one of the cheapest stocks compared to similar companies, so grabbing some shares while they’re at a discount could be worthwhile. It’s also one of the popular stocks on the WallStreetBets subreddit, which has shown in the past that meme stocks can see a short-term rally.

However, if you think the risks outweigh the reward, you can just as well skip this stock and consider some of its competitors, such as Cisco Systems and Ericsson.

Nokia price performance over time

Historical closes compared with the close of $4.565 from 2022-07-05

1 week (2022-06-28) -3.89%
1 month (2022-06-02) N/A
3 months (2022-04-06) -15.62%
6 months (2022-01-06) -25.41%
1 year (2021-07-06) -15.77%
2 years (2020-07-06) -0.76%
3 years (2019-07-05) 5.06
5 years (2017-07-06) 6.14

Is Nokia stock undervalued or overvalued?

Valuing Nokia stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Nokia's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Nokia's P/E ratio

Nokia's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 16x. In other words, Nokia shares trade at around 16x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Nokia's PEG ratio

Nokia's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.3304. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Nokia's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Nokia's EBITDA

Nokia's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $2.9 billion.

The EBITDA is a measure of a Nokia's overall financial performance and is widely used to measure a its profitability.

Nokia financials

Revenue TTM $22.5 billion
Operating margin TTM 8.98%
Gross profit TTM $8.9 billion
Return on assets TTM 3.26%
Return on equity TTM 9.78%
Profit margin 7%
Book value $3.19
Market capitalisation $26.1 billion

TTM: trailing 12 months

Nokia share dividends

5%

Dividend payout ratio: 4.85% of net profits

Recently Nokia has paid out, on average, around 4.85% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.45% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nokia shareholders could enjoy a 0.45% return on their shares, in the form of dividend payments. In Nokia's case, that would currently equate to about $0.02 per share.

While Nokia's payout ratio might seem low, this can signify that Nokia is investing more in its future growth.

Nokia's most recent dividend payout was on 16 May 2022. The latest dividend was paid out to all shareholders who bought their shares by 1 May 2022 (the "ex-dividend date").

Have Nokia's shares ever split?

Nokia's shares were split on a 4:1 basis on 10 April 2000. So if you had owned 1 share the day before before the split, the next day you'd have owned 4 shares. This wouldn't directly have changed the overall worth of your Nokia shares – just the quantity. However, indirectly, the new 75% lower share price could have impacted the market appetite for Nokia shares which in turn could have impacted Nokia's share price.

Nokia share price volatility

Over the last 12 months, Nokia's shares have ranged in value from as little as $4.4912 up to $6.3692. A popular way to gauge a stock's volatility is its "beta".

NOK.US volatility(beta: 0.57)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Nokia's is 0.5692. This would suggest that Nokia's shares are less volatile than average (for this exchange).

Nokia overview

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Mobile Networks, Network Infrastructure, Cloud and Network Services, and Nokia Technologies. It offers products and services for radio access networks covering technologies from 2G to 5G, and microwave radio links for transport networks. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, and cloud and virtualization services, as well as wi-fi portfolio, including mesh solutions and cloud-based controllers; IP routing solutions for IP aggregation, and edge and core applications for residential, business, mobile, and industrial services; a portfolio of optical networks comprising portfolio coherent optical transponders, optical transport network switchers, wavelength-division multiplexers, reconfigurable optical add-drop multiplexer solutions, and optical line systems for metro access and aggregation, data center interconnect, regional, and long-haul/ultra-long-haul applications; and submarine networks. In addition, it offers business applications software, cloud and cognitive services, core networks software, and enterprise solutions. Further, the company provides hardware, software, and services, as well as licensing of intellectual property, including patents, technologies, and the Nokia brand. It serves communications service providers, webscales, hyperscalers, digital industries, and government.

Frequently asked questions

What percentage of Nokia is owned by insiders or institutions?
Currently 0.007% of Nokia shares are held by insiders and 8.169% by institutions.
How many people work for Nokia?
Latest data suggests 87,927 work at Nokia.
When does the fiscal year end for Nokia?
Nokia's fiscal year ends in December.
Where is Nokia based?
Nokia's address is: Karakaari 7, Espoo, Finland, 02610
What is Nokia's ISIN number?
Nokia's international securities identification number is: US6549022043
What is Nokia's CUSIP number?
Nokia's Committee on Uniform Securities Identification Procedures number is: 654902204

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