Nokia (NYSE:NOK) Shares Up 8.4% – Should You Buy?

Nokia Corporation (NYSE:NOK) shares shot up 8.4% on Monday . The stock traded as high as $14.05 and last traded at $13.8990. 142,274,702 shares traded hands during trading, an increase of 117% from the average session volume of 65,505,594 shares. The stock had previously closed at $12.82.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia introduced agentic AI features designed to self-heal networks, automate troubleshooting, and improve broadband efficiency, which could open a new growth avenue. Why Nokia Stock Jumped 12% Today
• Positive Sentiment: Nokia won a UK appeal that helps block Acer and Asus video-streaming patent lawsuits, reducing legal overhang in a global licensing dispute. Nokia wins UK appeal to block Acer, Asus video streaming patent lawsuits
• Positive Sentiment: Nokia named Siemens veteran Emma Falck to lead Mobile Infrastructure, a move that could support execution and operational performance. Nokia appoints Emma Falck as President of Mobile Infrastructure and member of the Group Leadership Team

Analyst Ratings Changes

Several research analysts recently issued reports on NOK shares. The Goldman Sachs Group raised shares of Nokia from a “sell” rating to a “neutral” rating in a report on Monday, March 30th. Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target for the company in a report on Monday, April 13th. Morgan Stanley reissued an “overweight” rating on shares of Nokia in a report on Tuesday, April 28th. Northland Securities set a $13.00 price target on shares of Nokia in a report on Monday, April 20th. Finally, Santander raised shares of Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $9.71.

Nokia Stock Performance

The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $84.45 billion, a PE ratio of 91.92, a PEG ratio of 2.55 and a beta of 1.12. The stock’s fifty day simple moving average is $9.73 and its 200-day simple moving average is $7.76.

Nokia (NYSE:NOK) last issued its earnings results on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. The company had revenue of $5.21 billion during the quarter. On average, research analysts predict that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 12th. Shareholders of record on Tuesday, April 28th were issued a $0.0468 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 1.3%. This is a boost from Nokia’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, April 28th. Nokia’s dividend payout ratio is 81.25%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its holdings in Nokia by 248.7% in the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after buying an additional 2,721 shares in the last quarter. FNY Investment Advisers LLC increased its holdings in Nokia by 33,457.1% in the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after buying an additional 4,684 shares in the last quarter. Dorato Capital Management purchased a new position in Nokia in the fourth quarter valued at about $31,000. Smithfield Trust Co purchased a new position in Nokia in the fourth quarter valued at about $35,000. Finally, Wexford Capital LP purchased a new position in Nokia in the third quarter valued at about $29,000. 5.28% of the stock is owned by hedge funds and other institutional investors.

About Nokia

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel?Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.