Nokia (NYSE:NOK) Stock Price Down 5.7% – What’s Next?

Posted by George Bondi on Jun 16th, 2026

Nokia Corporation (NYSE:NOK – Get Free Report)’s stock price dropped 5.7% on Tuesday . The company traded as low as $13.75 and last traded at $13.98. Approximately 122,856,751 shares were traded during mid-day trading, an increase of 57% from the average daily volume of 78,449,297 shares. The stock had previously closed at $14.82.

Analyst Ratings Changes

NOK has been the topic of a number of research analyst reports. Barclays reissued an “underweight” rating on shares of Nokia in a report on Wednesday, April 29th. Bank of America raised shares of Nokia from a “neutral” rating to a “buy” rating and set a $12.40 price target on the stock in a report on Monday, April 13th. Arete Research raised shares of Nokia from a “neutral” rating to a “buy” rating in a report on Wednesday, April 29th. Argus raised shares of Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Monday, April 27th. Finally, Danske cut Nokia from a “buy” rating to a “hold” rating in a research note on Tuesday, February 24th. Twelve equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.57.

View Our Latest Research Report on NOK

Nokia Stock Performance

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 company has a 50-day moving average price of $12.84 and a two-hundred day moving average price of $9.09. The stock has a market capitalization of $80.28 billion, a P/E ratio of 87.38, a PEG ratio of 2.88 and a beta of 1.15.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NOK. Analog Century Management LP bought a new position in shares of Nokia in the fourth quarter worth approximately $104,244,000. Arrowstreet Capital Limited Partnership increased its position in shares of Nokia by 50.0% in the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after purchasing an additional 14,482,665 shares during the last quarter. ARGA Investment Management LP increased its position in shares of Nokia by 166.4% in the first quarter. ARGA Investment Management LP now owns 20,388,202 shares of the technology company’s stock worth $163,921,000 after purchasing an additional 12,734,021 shares during the last quarter. Pzena Investment Management LLC increased its position in shares of Nokia by 17.0% in the third quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company’s stock worth $386,387,000 after purchasing an additional 11,667,677 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of Nokia by 171.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock worth $113,161,000 after purchasing an additional 11,035,002 shares during the last quarter. 5.28% of the stock is currently 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.