Nokia’s new CEO seems to be more media savvy than its previous one. For example, the stock market value at EUR 24 billion is essentially the same as it was in 2013. However, the 5G revolution should provide increased sales over the coming years. Numerous factors will shape the 5G land grab as it plays out over the coming decade. Buy Comeback-Bound Nokia on This Dip Investors punished Nokia after Verizon signed a deal with Samsung By Chris Lau , InvestorPlace Contributor Sep 21, 2020, 12:26 pm EST September 21, 2020 Based on an average daily volume of 17,095,887 shares, the short-interest ratio is presently 2.6 days. That, combined with undercurrents that Huawei simply must not be allowed to win, could make Nokia a massive 5G winner. This kind of performance attracts suitors who think they can do better. If he can maneuver Nokia into a position that leverages political narratives the company can again be what it once was. The S&P 500 knocked off as much as 27% in the big COVID-19 crash. Since it is trading around just $4, that means it’s worth at least 67% more. Further, news that Nokia can or has jumped ahead its rivals in 5G contract signings would make it a buy. The company reported a Q2 year-over-year, The 10 Top Stocks to Buy and Hold Into 2021, 17 Stocks to Buy to Play the Shift to Transportation 2.0, The Dip Is an Opportunity: Ethereum Will Reach New Highs, Matt McCall and the InvestorPlace Research Staff, Beyond Meat’s Partnership With Taco Bell Underscores Why BYND Stock Is a Buy, 7 Stocks That Could Make You a Millionaire, CCIV Stock: 14 Air EV Facts to Know Ahead of Lucid Motors SPAC Merger, VDRM Stock: 13 Things to Know as Penny Stock ViaDerma Rockets 1,000%, GE Stock Is Poised for a Major Turnaround, 10 Best Stocks To Buy On The Nasdaq Right Now. 2021 InvestorPlace Media, LLC. During that time, the penny stock’s managed to climb over 20% with strong volume helping drive momentum. Despite glaring weaknesses, the Finnish telecom company finds itself in position to dominate as 5G networks get built out. ... Read about the true grit of the telecom industry in 2020. 1125 N. Charles St, Baltimore, MD 21201. So, Nokia’s market capitalization declined by roughly 40% under Suri’s tenure. Discover an intuitive range of Nokia products, from phones and headphones to WiFi and Smart TVs. If you had bought EUR€1,000 worth of Nokia Corporation shares at the start of February 2020, those shares would have been worth EUR€698.59 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth EUR€962.11. During the day the stock fluctuated 1.55% from a day low at $3.87 to a day high of $3.93. That kind of performance does not make it seem like a winner. In fact, Gartner projects that worldwide sales of 5G kits will hit $4.2 billion in 2020 —an increase of 89% from 2019. Nokia Corp. ADR analyst estimates, including NOK earnings per share estimates and analyst recommendations. All rights reserved. Those opinions are generally a reflection of the ideas above. Unless something changes, expect to hear more about a potential takeover of Nokia stock. Nokia’s fate will be inextricably intertwined with that of Huawei and Ericsson over the coming years. Check prices, specs, and shop direct at the Nokia Phones store UK. Whether future mergers make it a U.S. giant remains to be seen. Bank of America has a Buy rating and $3.81 price target for MFG stock. Yet the company has positioned itself to capitalize on the political environment. Nokia Is Worth At Least 60% More In a Potential Takeover, 7 Value Stocks to Buy That Are Outperforming Growth Plays, price target of analysts is $4.60 per share, 17 Stocks to Buy to Play the Shift to Transportation 2.0, The Dip Is an Opportunity: Ethereum Will Reach New Highs, Matt McCall and the InvestorPlace Research Staff, Beyond Meat’s Partnership With Taco Bell Underscores Why BYND Stock Is a Buy, 7 Stocks That Could Make You a Millionaire, CCIV Stock: 14 Air EV Facts to Know Ahead of Lucid Motors SPAC Merger, VDRM Stock: 13 Things to Know as Penny Stock ViaDerma Rockets 1,000%, GE Stock Is Poised for a Major Turnaround, 10 Best Stocks To Buy On The Nasdaq Right Now. Nokia's stock was recently jolted by rumors of a hostile takeover. For example, based on a poll of analysts by Seeking Alpha, Nokia stock is trading for just 14 times 2020 earnings and 11 times 2021 forecast earnings. For example, TipRanks.com reports that six analysts have price targets on the stock higher than today. The EU published recommendations for member states stating each country could choose whether to prohibit Huawei on its own. This is due to an expected long term increase for around 5 years. This is important to potential Nokia investors as rhetoric ratchets up. Approximately 0.8% of the company's stock are sold short. It may not actually be that easy for a contested takeover of one of the country’s leading technology companies and employers. Nokia (NYSE:NOK) stock is well-positioned in the 5G race that has worldwide political implications. View Nokia Oyj's Current Options Chain. S&P 500 3,799.61 (-0.66 ... Buy Sell: Low: 10/30/2020: Exane BNP Paribas: Upgrade: Underperform Neutral: Low: 10/30/2020: Bank of America: Downgrade: Buy Neutral: Low: 10/2/2020: ... MarketBeat does not … ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. Nokia Corporation performance over time; Is Nokia Corporation suitable for ethical investing? Instead, it excluded China from its global 4G/5G mobile radio market share projections for 2020, which are expected to hold steady year-over-year at 27%. Nasdaq Investors in the stock are not sure what is going on with the company. Copyright © On the date of publication, Mark R. Hake did not have (either directly or indirectly) any positions in any of the securities mentioned in this article. ... Is it a … Any number of telecom or private equity companies might be convinced that they can produce much better earnings through synergies and consolidation that Nokia. Analyst Ratings for Nokia Corp (NOK) provide recommendations made by outside industry experts. Technology for life. He may end up selling some of the assets that would be otherwise rationalized in a takeover. The company has a 12-month trailing PE ratio of 37.12. So, should Nokia be able to increase capital efficiency while garnering more sales the future looks good. 5G Penny Stocks To Watch For November 2020. Nokia Oyj trades on the New York Stock Exchange (NYSE) under the ticker symbol \"NOK.\" Nokia Oyj saw a increase in short interest during the month of April. Looking at the stock we see that its previous close was $4.9 and the beta (5Y monthly) reads 0.54 with the day’s price range being $4.7400 – 4.8500. They don’t know whether the new CEO will work out, or whether the dividend will be restored. As of this writing, Alex Sirois did not own shares of any stocks mentioned above. That may be what is keeping Nokia stock so cheap. But, as I wrote last month, Nokia stock is still seriously undervalued. 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