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Is Nokia Trading at a Discount to Wall Street Estimates?

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Apr. 18 2018, Updated 9:02 a.m. ET

Nokia stock has risen over 20% in 2018

Nokia (NOK) has returned 7.5% in the last 12 months, -2.1% in the last month, and 3.7% in the last five days. Nokia stock fell 28% in 2016 and was flat in 2017. Since the start of 2018, it’s risen over 20%. The SPDR S&P 500 ETF (SPY) and the PowerShares QQQ Trust, Series 1 ETF (QQQ) have generated returns of 0.2% and 4.4%, respectively, since January 2018.

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Analysts’ recommendations and price targets

Of the 13 analysts tracking Nokia, four have recommended “buys” and nine have recommended “holds.” There are no “sell” recommendations on the stock. Analysts’ 12-month average price target for Nokia is $6.68, and their median estimate is $6.4. Nokia is trading at a discount of 14% to analysts’ median estimate.

Moving averages

On April 16, Nokia closed the trading day at $5.61. Based on that price, the stock is trading:

  • 7.2% above its 100-day moving average of $5.23
  • 0.3% below its 50-day moving average of $5.63
  • 1.8% above its 20-day moving average of $5.51

Nokia is trading 24% above its 52-week low of $4.51 and 15.6% below its 52-week high of $6.65.

Relative strength index

Nokia’s 14-day MACD (moving average convergence divergence) is -0.01. A stock’s MACD marks the difference between its short-term and long-term moving averages. Nokia’s negative MACD score indicates a downward trading trend.

Nokia has a 14-day RSI (relative strength index) score of 56, which shows that the stock is trading between overbought and oversold territory. An RSI score above 70 indicates that a stock has been overbought while an RSI score below 30 suggests that a stock has been oversold.

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