Nokia Stock Today
| NOKBF Stock | USD 3.38 0.06 1.81% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Nokia is trading at 3.38 as of the 18th of April 2024. This is a 1.81% increase since the beginning of the trading day. The stock's lowest day price was 3.37. Nokia has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Nokia are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of October 2023 and ending today, the 18th of April 2024. Click here to learn more.
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland. Nokia Ab operates under Communication Equipment classification in the United States and is traded on OTC Exchange. The company has 5.59 B outstanding shares. More on Nokia
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| 0.79 | NOK | Nokia Corp ADR | PairCorr |
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Nokia Pink Sheet Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nokia's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nokia or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| CEO and Pres | Rajeev Suri |
| Business Concentration | Communication Equipment, Technology (View all Sectors) |
Nokia [NOKBF] is a Pink Sheet which is traded between brokers as part of OTC trading. The company currently falls under 'Large-Cap' category with a current market capitalization of 26.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Nokia's market, we take the total number of its shares issued and multiply it by Nokia's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Nokia classifies itself under Technology sector and is part of Communication Equipment industry. The entity has 5.59 B outstanding shares.
Nokia has accumulated about 9.54 B in cash with 1.47 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.7.
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Ownership AllocationNokia holds a total of 5.59 Billion outstanding shares. 30% of Nokia outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
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Nokia Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of Nokia jumping above the current price in 90 days from now is more than 93.0%. The Nokia probability density function shows the probability of Nokia pink sheet to fall within a particular range of prices over 90 days. Assuming the 90 days horizon Nokia has a beta of 0.8395. This indicates as returns on the market go up, Nokia average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Nokia will be expected to be much smaller as well. Additionally, nokia has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Nokia to move above the current price in 90 days from now is more than 93.0 (This Nokia probability density function shows the probability of Nokia Pink Sheet to fall within a particular range of prices over 90 days) .
Nokia Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Nokia market risk premium is the additional return an investor will receive from holding Nokia long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Nokia. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Nokia's alpha and beta are two of the key measurements used to evaluate Nokia's performance over the market, the standard measures of volatility play an important role as well.
Nokia Stock Against Markets
Picking the right benchmark for Nokia pink sheet is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nokia pink sheet price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nokia is critical whether you are bullish or bearish towards Nokia at a given time. Please also check how Nokia's historical prices are related to one of the top price index indicators.
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Our tools can tell you how much better you can do entering a position in Nokia without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Nokia Corporate Directors
Nokia corporate directors refer to members of a Nokia board of directors. The board of directors generally takes responsibility for the Nokia's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nokia's board members must vote for the resolution. The Nokia board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Simon Jiang | Director | Profile | |
| Kari Stadigh | Director | Profile | |
| Bruce Brown | Director | Profile | |
| Soeren Skou | Director | Profile |
How to buy Nokia Pink Sheet?
Before investing in Nokia, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nokia. To buy Nokia stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nokia. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nokia stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nokia stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nokia stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nokia, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
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The danger of trading Nokia is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nokia is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nokia. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nokia is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nokia. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the Nokia information on this page should be used as a complementary analysis to other Nokia's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Nokia Pink Sheet analysis
When running Nokia's price analysis, check to measure Nokia's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nokia is operating at the current time. Most of Nokia's value examination focuses on studying past and present price action to predict the probability of Nokia's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nokia's price. Additionally, you may evaluate how the addition of Nokia to your portfolios can decrease your overall portfolio volatility.
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