How to Buy Nokia Stock
Nokia Corp
Nokia is a communication equipment company located in Finland, which is part of the Technology sector, and is traded under the ticker NOK on the NYSE exchange.
Nokia stock last closed at $8.24, up 1.23% from the previous day, and has increased 58.46% in one year. It has underperformed other stocks in the Communication Equipment industry by 0.35 percentage points. Nokia stock is currently +106% from its 52-week low of $4.00, and -4.85% from its 52-week high of $8.66.
There are currently 5.74B shares of NOK outstanding. The market cap of NOK is $47.32B. In the last 24 hours, 82.31M NOK shares were traded.
How to Buy Nokia Stock
Not sure how to invest in Nokia stock? Here's how.
- Figure out where to buy Nokia stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you determine where to buy Nokia stock.
- Sign up for your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Pick your payment method and add your information.
- Evaluate Nokia stock: The Nokia ticker symbol is NOK. Is Nokia stock a good investment? Should you buy shares of NOK? How do NOK's underlying business fundamentals look? Do top analysts think Nokia is a good buy? Why has NOK's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if NOK is a good stock to buy).
- Make your NOK trade: Decide if you will purchase NOK shares at the current market price or use a limit order to buy NOK shares at a specific price.
- Monitor your NOK investment: Create a watchlist to keep tabs on your investment in Nokia stock.
Step 1: Figure out where to buy Nokia stock
You need an online brokerage account to access the NYSE market and buy NOK shares.
Our preferred brokerage: eToro
Based on our research, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to world markets: From Technology to Real Estate, New York to Shanghai (for US users, only US stocks are available) — you can fill your portfolio with stocks from the globe's leading stock exchanges.
- Social investing: eToro has a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked your brokerage, the next step is to fill out some personal details so you can invest in NOK today.
How to Set Up a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on the best stock buying app, you need to deposit funds:
Check out the walkthrough below for more details depositing funds into your brokerage account.
Step 4: Evaluate Nokia stock
After you have chosen the best place to buy Nokia stock, it's very important to analyze their stock before you buy, so you truly comprehend the risk as well as the opportunity.
Overview of key NOK info
Nokia Due Diligence Score
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis.
You can see all of the due diligence checks on NOK's stock page.
Is NOK stock properly valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge NOK's true value.
Using relative valuations methods:
- NOK could be overvalued based on its P/E ratio of 58.44x, relative to Communication Equipment industry P/E ratio of 35.69x
- NOK may be undervalued based on its P/B ratio of 1.92x, relative to Communication Equipment industry P/B ratio of 5.54x
You can access more valuation analysis on NOK's stock here.
NOK Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the NOK balance sheet.
- NOK's operating cash flow of $2.96B allows it to safely service it's debt of $5.56B.
- Total NOK debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the NOK balance sheet.
Negative Financial Indicators:
- NOK earnings of $1.38B is not sufficient to cover its interest payments.
- NOK profit margin has gone down from 6.6% to 3.3% in the past year.
- NOK has a relatively high debt to equity ratio of 0.79.
Do analysts think it's a good time to buy Nokia stock
Out of 2 Wall Street analysts who monitor NOK, the consensus analyst rating on Nokia is a Strong Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Nokia stock forecast page.
NOK Momentum
NOK Growth Numbers
Last year, NOK earnings were $765.88M. In the past four year, NOK's earnings have gone up by -19.15% per year. This was slower than the Communication Equipment industry average of 265.8%.
Last year, NOK revenue was $23.40B. Over the last 5 year, NOK's revenue has increased by -2.57% per year. This was slower than the Communication Equipment industry average of 11.93%.
You can research NOK's earnings and revenue performance here.
Are NOK insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at NOK have not bought or sold any shares.
Dig into more about who owns NOK stock here.
Can I get consistent income from NOK stock?
No, Nokia doesn't provide an income stream by paying out dividends.
NOK Social Trading Data
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Make your NOK trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to be certain you're buying or selling at an exact dollar amount, place a limit order.
Click the Open button and eToro will execute the order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your NOK investment
Now that you own some shares in NOK, you'll want to keep up with your investment.
Make a watchlist to track the latest developments regarding your NOK stock.
NOK Feed
How to Buy Stock in Nokia
To reiterate, here are the 6 steps for buying Nokia stock:
- Figure out where to buy Nokia stock
- Sign up for your brokerage account
- Deposit money your investment account
- Evaluate Nokia stock
- Make your NOK trade
- Monitor your NOK investment
If you require a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Nokia, hit the button below to create your watchlist.
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