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How Nokia Is Trading Compared with the Analyst Price Targets This January

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Nokia’s stock returns

Europe-based (EFA) telecom equipment firm Nokia (NOK) has generated returns of 3% in the trailing-12-month period, compared with 2.5% in the last-one-month period, and 0.7% in the trailing-five-day period.

Nokia’s stock price fell 28% in 2016 and 0.3% in 2017. Its stock has fallen 18% since the start of 2018. Among peers, Cisco Systems (CSCO), Ericsson (ERIC), and Juniper Networks (JNPR) generated returns of 31.0%, 16.5%, and 2.3%, respectively, in 2017.

On January 22, 2018, Nokia closed trading at $4.9, which is 9% above its 52-week low of $4.5 and 26.3% below its 52-week high of $6.65.

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Analyst recommendations

Of the 14 analysts tracking Nokia, three recommend a “buy” for the stock, while 11 analysts recommend a “hold.” No analyst recommends a “sell” for the stock.

The analysts’ price target for Nokia stock is $6.00, with a median target estimate of $5.5. Nokia is now trading at a discount of 12.0% to the median analyst estimate.

Moving averages

Nokia closed January 22 at $4.9. Based on that price, the stock is trading as follows:

  • 8% below its 100-day moving average of $5.33
  • 1.3% above its 50-day moving average of $4.83
  • 1.4% above its 20-day moving average of $4.84

RSI and MACD

Nokia’s 14-day MACD (moving average convergence divergence) is 0.01. Remember, stock’s MACD refers to the difference between its short-term and long-term moving averages. Because Nokia’s MACD is positive, it indicates an upward trading pattern.

Nokia also has a 14-day RSI (relative strength index) score of 67, which shows that the stock is trading close to oversold territory. If an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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