Nokia (NYSE:NOK) Stock Price Up 9.1% – Time to Buy?

22 May 2026, 17:39 by Doug Wharley · The Cerbat Gem

Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price rose 9.1% during mid-day trading on Friday . The stock traded as high as $15.78 and last traded at $15.4670. Approximately 126,246,150 shares traded hands during trading, an increase of 83% from the average daily volume of 69,164,242 shares. The stock had previously closed at $14.18.

Wall Street Analyst Weigh In

NOK has been the subject of several recent analyst reports. The Goldman Sachs Group upgraded Nokia from a “sell” rating to a “neutral” rating in a research report on Monday, March 30th. Danske lowered Nokia from a “buy” rating to a “hold” rating in a research report on Tuesday, February 24th. Northland Securities set a $13.00 price target on shares of Nokia in a research note on Monday, April 20th. Citigroup reaffirmed a “sell” rating on shares of Nokia in a research note on Friday, January 23rd. Finally, Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Monday, April 27th. Twelve equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.71.

Check Out Our Latest Analysis on Nokia

Nokia Stock Up 9.1%

The company has a market cap of $88.82 billion, a P/E ratio of 96.67, a P/E/G ratio of 2.64 and a beta of 1.12. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $10.45 and its 200 day moving average is $8.06.

Nokia (NYSE:NOK – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 EPS for the quarter. The company had revenue of $5.21 billion during the quarter. Nokia had a net margin of 4.02% and a return on equity of 9.22%. As a group, equities analysts anticipate that Nokia Corporation will post 0.4 earnings per share for the current fiscal year.

Nokia Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 28th were given a dividend of $0.0468 per share. The ex-dividend date of this dividend was Tuesday, April 28th. This is a boost from Nokia’s previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.2%. Nokia’s payout ratio is currently 81.25%.

Hedge Funds Weigh In On Nokia

A number of large investors have recently made changes to their positions in NOK. Fifth Third Bancorp increased its holdings in shares of Nokia by 248.7% during the fourth quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock valued at $25,000 after acquiring an additional 2,721 shares in the last quarter. Wexford Capital LP acquired a new position in shares of Nokia during the third quarter valued at about $29,000. FNY Investment Advisers LLC increased its holdings in shares of Nokia by 33,457.1% during the fourth quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after acquiring an additional 4,684 shares in the last quarter. Dorato Capital Management acquired a new position in shares of Nokia during the fourth quarter valued at about $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Nokia during the third quarter valued at about $34,000. 5.28% of the stock is owned by institutional investors and hedge funds.

Nokia Company Profile

(Get Free Report)

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.