Nokia (NYSE:NOK) Shares Down 1.4% – Time to Sell?

Nokia Corporation (NYSE:NOK)’s share price dropped 1.4% on Monday . The stock traded as low as $13.02 and last traded at $13.1130. Approximately 120,072,422 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 62,422,582 shares. The stock had previously closed at $13.30.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia agreed to sell its Wi‑Fi / Fixed Wireless Access (FWA) device business to Inseego, taking an equity stake and securing a long‑term partnership aimed at wireless broadband and future 6G/AI work — a strategic shift from consumer hardware to AI/telecom infrastructure that the market rewarded. Nokia Just Sold Its Wi‑Fi Box Business. The Market Loved It.
• Positive Sentiment: Coverage on the Inseego deal framed it as a valuation test and a vote of confidence in Nokia’s 6G/AI roadmap; the market’s recent multi‑week rally amplifies the strategic significance of the transaction. Nokia’s FWA Sale To Inseego Tests Valuation And Future 6G Potential
• Positive Sentiment: Multiple manager/board transaction filings show ~40% of board fees were taken in Nokia shares following the AGM, and those shares were purchased on behalf of directors — a visible instance of insider buying that supports shareholder alignment. Nokia Corporation – Managers’ transactions (Hook)
• Positive Sentiment: Investor/media endorsements and recognition — e.g., bullish commentary (Jim Cramer coverage) and industry awards for Nokia engineers for AI‑driven network work — add credibility to the company’s pivot toward AI and network software. Jim Cramer Calls Nokia (NOK) Stock “A Winner” Nokia engineer honored for AI-driven mobile network advances
• Neutral Sentiment: Multiple media deep‑dives and videos (including a popular YouTube piece framing Nokia’s transformation and a reported Nvidia tie‑up) raise visibility and narrative momentum but are more narrative than transactional — they help sentiment but don’t change fundamentals by themselves. The “Dead” Phone Company Nvidia Just Bet $1 Billion On

Wall Street Analyst Weigh In

NOK has been the subject of several research analyst reports. Danske lowered Nokia from a “buy” rating to a “hold” rating in a report on Tuesday, February 24th. Bank of America raised Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price objective for the company in a report on Monday, April 13th. Barclays reissued an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Wall Street Zen lowered Nokia from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Morgan Stanley reissued an “overweight” rating on shares of Nokia in a report on Tuesday, April 28th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Nokia currently has an average rating of “Moderate Buy” and a consensus price target of $9.71.

Nokia Stock Performance

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 stock has a 50 day simple moving average of $8.94 and a 200 day simple moving average of $7.39. The company has a market capitalization of $75.30 billion, a price-to-earnings ratio of 81.96, a P/E/G ratio of 2.57 and a beta of 1.12.

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

Nokia Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 12th. Stockholders of record on Tuesday, April 28th will be given a dividend of $0.0468 per share. This is a boost from Nokia’s previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, April 28th. Nokia’s payout ratio is presently 81.25%.

Hedge Funds Weigh In On Nokia

Several hedge funds and other institutional investors have recently made changes to their positions in NOK. Fifth Third Bancorp boosted its position 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 worth $25,000 after buying an additional 2,721 shares during the period. Wexford Capital LP acquired a new position in shares of Nokia during the third quarter worth approximately $29,000. FNY Investment Advisers LLC boosted its position 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 worth $30,000 after buying an additional 4,684 shares during the period. Dorato Capital Management acquired a new position in shares of Nokia during the fourth quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Nokia during the third quarter worth approximately $34,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

About Nokia

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.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.