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 $12.91, up 3.61% from the previous day, and has increased 158.72% in one year. It has overperformed other stocks in the Communication Equipment industry by 0.1 percentage points. Nokia stock is currently +222.75% from its 52-week low of $4.00, and -0.08% from its 52-week high of $12.92.
There are currently 5.74B shares of NOK outstanding. The market cap of NOK is $74.13B. In the last 24 hours, 136.49M 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 91.56x, relative to Communication Equipment industry P/E ratio of 57.12x
- NOK may be undervalued based on its P/B ratio of 3.01x, relative to Communication Equipment industry P/B ratio of 6.53x
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 3 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 321.9%.
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 11.65%.
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?
Nokia pays a dividend of 0.63%, compared to the Communication Equipment industry's average dividend yield of 15.94%. If you owned $1,000 of NOK stock, you would have been paid $6.32 last year.
Nokia dividend payments have not consistently grown over the past decade and have not remained stable.
Dig into more info about Nokia dividend yield and history here.
NOK Social Trading Data
One of the biggest reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your NOK trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a particular price, place a limit order.
Hit the Open button and eToro will place your order.
If you require more info about investing in stocks on eToro, click the how to video below:
Step 6: Monitor your NOK investment
Now that you own some NOK shares, you'll want to stay up-to-date on your new shares.
Create a watchlist to track the most important metrics related to your NOK stock.
NOK Feed
How to Buy Stock in Nokia
To summarize, here are the 6 steps to buy 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, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your new investment in Nokia, create your watchlist below.
Trending Articles
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsPerformanceHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.