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How to buy Nokia Corporation stock | $4

Own Nokia Corporation stock in just a few minutes.

Fact checked

Nokia Corporation is a communication equipment business based in the US. Nokia Corporation shares (NOK) are listed on the NYSE and all prices are listed in US Dollars. Nokia Corporation employs 93,776 staff and has a market cap (total outstanding shares value) of USD$23.3 billion.

How to buy shares in Nokia Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Nokia Corporation. Find the stock by name or ticker symbol: NOK. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Nokia Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$4, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Nokia Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Nokia Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

Nokia Corporation share price

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

Nokia Corporation shares at a glance

Information last updated 2020-10-20.
Latest market closeUSD$4
52-week rangeUSD$2.34 - USD$5.24
50-day moving average USD$4.0994
200-day moving average USD$4.1433
Wall St. target priceUSD$5.03
PE ratio 30.9997
Dividend yield USD$0.22 (5.24%)
Earnings per share (TTM) USD$0.0009

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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 it a good time to buy Nokia Corporation stock?

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.

Nokia Corporation price performance over time

Historical closes compared with the close of $4 from 2020-12-18

1 week (2021-01-11) 3.36%
1 month (2020-12-22) 3.09%
3 months (2020-10-18) N/A
6 months (2020-07-18) N/A
1 year (2020-01-18) N/A
2 years (2019-01-18) -34.53%
3 years (2018-01-18) 4.84
5 years (2016-01-18) N/A

Is Nokia Corporation under- or over-valued?

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

Nokia Corporation's P/E ratio

Nokia Corporation's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 31x. In other words, Nokia Corporation shares trade at around 31x recent earnings.

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

Nokia Corporation's PEG ratio

Nokia Corporation's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.0001. 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 Corporation'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 Corporation financials

Gross profit TTM USD$8.4 billion
Return on assets TTM 2.37%
Return on equity TTM 4.27%
Profit margin 2.76%
Book value $3.119
Market capitalisation USD$23.3 billion

TTM: trailing 12 months

Shorting Nokia Corporation shares

There are currently 40.9 million Nokia Corporation shares held short by investors – that's known as Nokia Corporation's "short interest". This figure is 5.5% up from 38.8 million last month.

There are a few different ways that this level of interest in shorting Nokia Corporation shares can be evaluated.

Nokia Corporation's "short interest ratio" (SIR)

Nokia Corporation's "short interest ratio" (SIR) is the quantity of Nokia Corporation shares currently shorted divided by the average quantity of Nokia Corporation shares traded daily (recently around 32.2 million). Nokia Corporation's SIR currently stands at 1.27. In other words for every 100,000 Nokia Corporation shares traded daily on the market, roughly 1270 shares are currently held short.

However Nokia Corporation's short interest can also be evaluated against the total number of Nokia Corporation shares, or, against the total number of tradable Nokia Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Nokia Corporation's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Nokia Corporation shares in existence, roughly 10 shares are currently held short) or 0% of the tradable shares (for every 100,000 tradable Nokia Corporation shares, roughly 0 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Nokia Corporation.

Find out more about how you can short Nokia Corporation stock.

Nokia Corporation share dividends

46%

Dividend payout ratio: 46.26% of net profits

Recently Nokia Corporation has paid out, on average, around 46.26% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 5.24% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Nokia Corporation shareholders could enjoy a 5.24% return on their shares, in the form of dividend payments. In Nokia Corporation's case, that would currently equate to about $0.22 per share.

While Nokia Corporation's payout ratio might seem fairly standard, it's worth remembering that Nokia Corporation may be investing much of the rest of its net profits in future growth.

Nokia Corporation's most recent dividend payout was on 13 August 2019. The latest dividend was paid out to all shareholders who bought their shares by 29 July 2019 (the "ex-dividend date").

Have Nokia Corporation's shares ever split?

Nokia Corporation's shares were split on a 4:1 basis on 11 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 Corporation shares – just the quantity. However, indirectly, the new 75% lower share price could have impacted the market appetite for Nokia Corporation shares which in turn could have impacted Nokia Corporation's share price.

Nokia Corporation share price volatility

Over the last 12 months, Nokia Corporation's shares have ranged in value from as little as $2.34 up to $5.24. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Nokia Corporation's is 0.4557. This would suggest that Nokia Corporation's shares are less volatile than average (for this exchange).

Nokia Corporation overview

Nokia Corporation engages in the network and technology businesses worldwide. The company operates in four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It focuses on mobile radio including macro radio, small cells, and cloud native radio solutions for communications service providers and enterprises; and provides network planning and optimization, network implementation, and systems integration, as well as company-wide managed services. The company also offers fixed networking solutions, such as copper and fiber access products, solutions, and services. In addition, it provides network infrastructure and professional services for mobile networks; and managed services for the fixed, mobile, Internet protocol (IP), and optical domains. Further, the company offers network planning, implementation, operation, and maintenance services. Additionally, it provides IP/optical networking solutions, including IP routing and optical transport systems, software, and services; software solutions, such as customer experience management, network operations and management, communications and collaborations, policy and charging, as well as Cloud, IoT, security, and analytics platforms; and submarine networks and radio frequency systems. The company has a strategic collaboration with Microsoft. Nokia Corporation was founded in 1865 and is headquartered in Espoo, Finland.

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