Nokia (NOK) stock forecast for 2024
Last update: September 21, 2023 (05:38)
Sector: TechnologyThe share price of Nokia Corp. (NOK) now
50/200 Day Moving Average: $3.944 / $4.365
This figure corresponds to the Average Price over the previous 50/200 days. For Nokia stocks, the 50-day moving average is the resistance level today.
For Nokia stocks, the 200-day moving average is the resistance level today.
Are you interested in Nokia stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Nokia stock price in 2024. How much will one Nokia share be worth in 2024? Is it worth taking profit / loss on Nokia stock now or waiting? What are analysts' forecasts for Nokia stock?
We forecast Nokia stock performance using neural networks based on historical data on Nokia stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account. The Nokia stock prediction results are shown below and presented as a graph, table and text information.
Nokia stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for Nokia analysts is $5.99.
Today 200 Day Moving Average is the resistance level (4.365 $).
50 Day Moving Average is the support level (3.944 $).
Historical and forecast chart of Nokia stock
The chart below shows the historical price of Nokia stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Nokia stock price can be found in the table below.
Nokia (NOK) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 4.47 | 4.07 | 4.68 | 13.07 % |
| Feb | 4.47 | 4.24 | 4.76 | 11.03 % |
| Mar | 4.27 | 4.13 | 4.50 | 8.10 % |
| Apr | 4.70 | 4.51 | 5.06 | 10.81 % |
| May | 4.43 | 4.30 | 4.61 | 6.69 % |
| Jun | 4.41 | 3.99 | 4.57 | 12.74 % |
| Jul | 4.46 | 4.30 | 4.62 | 7.06 % |
| Aug | 4.25 | 3.85 | 4.39 | 12.19 % |
| Sep | 3.89 | 3.56 | 4.25 | 16.35 % |
| Oct | 4.02 | 3.80 | 4.23 | 10.04 % |
| Nov | 4.42 | 4.25 | 4.75 | 10.61 % |
| Dec | 4.71 | 4.41 | 4.88 | 9.73 % |
Nokia information and performance
Nokia Oyj is dedicated to providing network infrastructure, technology and software services. It works across the following segments: networks, Nokia software, Nokia technologies, as well as Group Common and others. The network segment includes mobile networks, services, fixed networks and optical networks. Nokia’s software segment offers the core software portfolio of the cloud. The Nokia Technologies segment focuses on innovation and research and development in the technology used. The company was founded by Fredrik Idestam in 1865 and is headquartered in Espoo, Finland.
KARAPORTTI 3, P O BOX 226, ESPOO FINLAND, FI
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA is earnings before interest, income tax and depreciation of assets.
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
Price/earnings to growth
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS shows how much of the net profit is accounted for by the common share.
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward P/E uses projections of future earnings instead of final numbers.
Enterprise Value (EV) /Revenue
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Number of issued ordinary shares
Number of freely tradable shares
Shares Short Prior Month - the number of shares in short positions in the last month.
Nokia price target for 2024 by month
Target values for the price of one Nokia share for Jan 2024.
In Jan, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 13.068% volatility is expected.
Pessimistic target level: 4.07
Optimistic target level: 4.68
Target values for the price of one Nokia share for Feb 2024.
In Feb, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 11.032% volatility is expected.
Pessimistic target level: 4.24
Optimistic target level: 4.76
Target values for the price of one Nokia share for Mar 2024.
In Mar, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 8.102% volatility is expected.
Pessimistic target level: 4.13
Optimistic target level: 4.50
Target values for the price of one Nokia share for Apr 2024.
In Apr, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.810% volatility is expected.
Pessimistic target level: 4.51
Optimistic target level: 5.06
Target values for the price of one Nokia share for May 2024.
In May, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 6.687% volatility is expected.
Pessimistic target level: 4.30
Optimistic target level: 4.61
Target values for the price of one Nokia share for Jun 2024.
In Jun, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 12.741% volatility is expected.
Pessimistic target level: 3.99
Optimistic target level: 4.57
Target values for the price of one Nokia share for Jul 2024.
In Jul, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 7.057% volatility is expected.
Pessimistic target level: 4.30
Optimistic target level: 4.62
Target values for the price of one Nokia share for Aug 2024.
In Aug, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 12.190% volatility is expected.
Pessimistic target level: 3.85
Optimistic target level: 4.39
Target values for the price of one Nokia share for Sep 2024.
In Sep, the Negative dynamics for Momo shares will prevail with possible monthly volatility of 16.350% volatility is expected.
Pessimistic target level: 3.56
Optimistic target level: 4.25
Target values for the price of one Nokia share for Oct 2024.
In Oct, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.042% volatility is expected.
Pessimistic target level: 3.80
Optimistic target level: 4.23
Target values for the price of one Nokia share for Nov 2024.
In Nov, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 10.611% volatility is expected.
Pessimistic target level: 4.25
Optimistic target level: 4.75
Target values for the price of one Nokia share for Dec 2024.
In Dec, the Positive dynamics for Momo shares will prevail with possible monthly volatility of 9.730% volatility is expected.
Pessimistic target level: 4.41
Optimistic target level: 4.88
Nokia (NOK) stock dividend
Nokia last paid dividends on 07/24/2023. The next scheduled payment will be on 08/08/2023. The amount of dividends is $0.12 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.
Last Split Date: 01/01/1970
Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.
For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.