Shareholder returns and stock trends
Europe-based (EFA) Nokia (NOK) has generated investor returns of -38.5% in the trailing 12-month period and -21.2% in the trailing one-month period. It generated -8.5% in 2015 and -35.0% YTD (year-to-date). NOK stock fell 7.3% in the trailing five-day period.
In comparison, Cisco Systems (CSCO), Ericsson (ERIC), and Juniper Networks (JNPR), which are peer companies in the communications equipment subsector, generated returns of 0.6%, 18.2%, and 25.5%, respectively, in 2015.
On October 28, 2016, Nokia closed the trading day at $4.56. Based on this figure, here’s how the stock has fared in terms of its moving averages:
- 18.0% below its 100-day moving average of $5.55
- 16.7% below its 50-day moving average of $5.47
- 11.8% below its 20-day moving average of $5.17
Moving average convergence divergence and relative strength index
The MACD (moving average convergence divergence) is the difference between a company’s short-term and long-term moving averages. Nokia’s 14-day MACD is -0.18. This negative figure indicates a downward trading trend.
The company’s 14-day RSI (relative strength index) is 27, which shows that the stock is oversold. Generally, if the RSI is above 70, it indicates that the stock is overbought. An RSI figure below 30 suggests that a stock has been oversold.
How do analysts view Nokia?
Of the 15 analysts covering Nokia, nine have given it a “buy” recommendation, one has recommended a “sell,” and five have recommended a “hold.” The analyst stock price target for the company is $6.60, with a median target estimate of $6.10. Nokia is trading at a discount of 33.8% with respect to its median target.