Nokia Corporation (NYSE:NOK) is at least 21.44% than its current record low price of $4.71. There was a 0.35% gain on 7/26/2019 that led the price to move at $5.72. At a recent session, the prices were hovering between $5.63 and $5.74. This company shares are 17.66% off its target price of $6.73 and the current market capitalization stands at $31.21B. The recent change has given its price a 12.83% lead over SMA 50 and -13.98% deficit over its 52-week high. The stock witnessed 13.94% gains, 6.72% gains and -13.33% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found NOK’s volatility during a week at 2.15% and during a month it has been found around 1.41%.
What Does Nokia Corporation (NOK) Do?
The company describes itself in regulatory filings as, “Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, Global Services, IP Networks and Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The Global Services segment provides professional services with multi-vendor capabilities, covering network planning and optimization, systems integration. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.” [Text can be found here: https://www.marketwatch.com/investing/stock/NOK/profile under company description.]Nokia Corporation (NOK) Top Holders
Institutional investors currently hold around $2.49 billion or 7.7% in NOK stock. Look at its top three institutional owners: Alliancebernstein L.P. owns $189.82 million in Nokia Corporation, which represents roughly 0.61% of the company’s market cap and approximately 7.63% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 30,523,186 shares of the stock are valued at $174.59 million. The third largest holder is Levin Easterly Partners Llc, which currently holds $166.03 million worth of this stock and that ownership represents nearly 0.53% of its market capitalization.Nokia Corporation 13F Filings
At the end of March reporting period, 240 institutional holders increased their position in Nokia Corporation (NYSE:NOK) by some 144,208,306 shares, 159 decreased positions by 99,060,010 and 92 held positions by 191,763,146. That puts total institutional holdings at 435,031,462 shares, according to SEC filings. The stock grabbed 96 new institutional investments totaling 67,906,633 shares while 49 institutional investors sold out their entire positions totaling 23,885,683 shares.Nokia Corporation (NOK) Analyst Guide
Several analysts have released their opinion on Nokia Corporation (NYSE:NOK), with 3 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 5 buy, 1 sell and 0 strong sell ratings, collectively assigning a 2.09 average brokerage recommendation [T1].