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 $4.65, up 1.75% from the previous day, and has decreased 12.26% in one year. It has underperformed other stocks in the Communication Equipment industry by 0 percentage points. Nokia stock is currently +13.97% from its 52-week low of $4.08, and -16.89% from its 52-week high of $5.60.
There are currently 5.63B shares of NOK outstanding. The market cap of NOK is $26.19B. In the last 24 hours, 14.71M 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:
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- 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.
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.
- Provide your personal details to start a new trading account.
- Submit your application by pressing the "Create Account" button.
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 Zen 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 undervalued based on its P/E ratio of 5.69x, relative to Communication Equipment industry P/E ratio of 15.74x
- NOK may be undervalued based on its P/B ratio of 1.14x, relative to Communication Equipment industry P/B ratio of 3.26x
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 earnings of $2.60B is not sufficient to cover its interest payments.
- 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.
- NOK profit margin has gone up from 7.3% to 17.1% in the past year.
- NOK's operating cash flow of $2.12B allows it to safely service it's debt of $7.05B.
Negative Financial Indicators:
- NOK has a relatively high debt to equity ratio of 1.01.
Do analysts think it's a good time to buy Nokia stock
Out of 4 Wall Street analysts who monitor NOK, the consensus analyst rating on Nokia is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest NOK Analyst Forecasts
Simon Leopold, a bottom 3% analyst from Raymond James maintains NOK with a buy rating and raises their NOK price target from $6.50 to $7.00, on Jan 27, 2023.
Simon Coles, a bottom 30% analyst from Barclays initiates coverage on NOK with a hold rating, on Oct 13, 2022.
Joseph Zhou, a bottom 50% analyst from Redburn Partners initiates coverage on NOK with a strong buy rating, on Sep 26, 2022.
Adithya Metuku, a bottom 45% analyst from Credit Suisse upgrades NOK to a buy rating, on Sep 15, 2022.
Sebastien Sztabowicz, an analyst from Kepler Cheuvreux downgrades NOK to a hold rating, on Jul 22, 2022.
You can dive deeper into what analysts are forecasting on the Nokia stock forecast page.
NOK Technical Indicators
Is NOK Growing Revenue?
Last year, NOK earnings were $4.57B. During the last one years, NOK's earnings have increased by 145.15% per year. This was faster than the Communication Equipment industry average of 23.47%.
Last year, NOK revenue was $26.79B. Over the last five year, NOK's revenue has grown by -0.94% per year. This was slower than the Communication Equipment industry average of 4.11%.
You can analyze NOK's earnings and revenue performance here.
Are NOK insiders buying or selling the stock?
In the last year, executives and large shareholders at NOK have not bought or sold any shares.
Learn more about who owns NOK shares here.
Does NOK stock generate passive income?
Nokia pays a dividend of 1.78%, compared to the Communication Equipment industry's average dividend yield of 3.1%. If you owned $1,000 of NOK stock, you would have been paid $17.84 last year.
Nokia dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more analysis about Nokia dividend yield and history here.
NOK Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your NOK trade
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, place a limit order.
Press the Open button and your broker will place your order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Monitor your NOK investment
Now that you own some shares in NOK, you'll want to keep up with your new company.
Start a watchlist to get alerted to the latest events about your NOK stock.
NOK Feed
How to Buy Stock in Nokia
To summarize, 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 need a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Nokia, create a watchlist on WallStreetZen today.
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