Nokia (NYSE:NOK) Trading Down 13.7% – Should You Sell?

Posted by Brenda Bartman on Jun 5th, 2026

Nokia Corporation (NYSE:NOK – Get Free Report) shares were down 13.7% during mid-day trading on Friday . The stock traded as low as $14.00 and last traded at $14.3350. Approximately 182,050,563 shares traded hands during trading, an increase of 141% from the average daily volume of 75,639,742 shares. The stock had previously closed at $16.62.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NOK. Morgan Stanley restated an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Barclays reissued an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Northland Securities set a $20.00 price objective on Nokia in a report on Wednesday. Nordea Equity Research raised Nokia from a “hold” rating to a “buy” rating in a research report on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Nokia in a research report on Friday, May 15th. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.71.

Read Our Latest Stock Analysis on Nokia

Nokia Stock Down 13.7%

The company has a fifty day simple moving average of $11.99 and a 200-day simple moving average of $8.69. The company has a quick ratio of 1.32, a current ratio of 1.57 and a debt-to-equity ratio of 0.11. The firm has a market cap of $82.32 billion, a P/E ratio of 89.60, a price-to-earnings-growth ratio of 3.24 and a beta of 1.15.

Nokia (NYSE:NOK – Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $5.21 billion during the quarter. Nokia had a return on equity of 9.05% and a net margin of 4.02%. On average, equities analysts anticipate that Nokia Corporation will post 0.4 earnings per share for the current year.

Institutional Investors Weigh In On Nokia

Institutional investors and hedge funds have recently bought and sold shares of the business. DV Trading LLC purchased a new position in shares of Nokia in the first quarter valued at about $111,000. Parallel Advisors LLC raised its stake in Nokia by 40.1% during the 1st quarter. Parallel Advisors LLC now owns 43,189 shares of the technology company’s stock valued at $347,000 after purchasing an additional 12,364 shares during the period. NewEdge Advisors LLC lifted its holdings in Nokia by 352.8% in the 1st quarter. NewEdge Advisors LLC now owns 14,788 shares of the technology company’s stock worth $119,000 after purchasing an additional 11,522 shares in the last quarter. Arete Wealth Advisors LLC bought a new position in Nokia in the 1st quarter worth approximately $2,106,000. Finally, Bank of America Corp DE grew its holdings in Nokia by 105.2% during the 1st quarter. Bank of America Corp DE now owns 2,434,347 shares of the technology company’s stock valued at $19,572,000 after buying an additional 1,248,249 shares in the last quarter. 5.28% of the stock is owned by institutional investors.

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.

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