Nokia (NYSE:NOK) Shares Down 1.5% – Should You Sell?

Posted by Francis Steltz on Aug 8th, 2026

Nokia Corporation (NYSE:NOK – Get Free Report) shares traded down 1.5% on Thursday . The stock traded as low as $9.30 and last traded at $9.4320. 46,895,481 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 82,038,000 shares. The stock had previously closed at $9.58.

Wall Street Analyst Weigh In

NOK has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Nokia from $14.00 to $21.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Wall Street Zen lowered shares of Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, May 3rd. Northland Securities set a $20.00 price objective on shares of Nokia in a research note on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of Nokia in a research report on Friday, May 22nd. Finally, Argus raised Nokia from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Monday, April 27th. Thirteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nokia presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.

Read Our Latest Analysis on NOK

Nokia Price Performance

The stock’s 50 day moving average price is $12.25 and its 200-day moving average price is $10.45. The company has a quick ratio of 1.22, a current ratio of 1.50 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $53.78 billion, a PE ratio of 66.89, a price-to-earnings-growth ratio of 1.11 and a beta of 1.19.

Nokia (NYSE:NOK – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.57 billion. Nokia had a net margin of 3.49% and a return on equity of 9.83%. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the business posted $0.04 EPS. As a group, equities analysts forecast that Nokia Corporation will post 0.39 EPS for the current year.

Institutional Trading of Nokia

Several institutional investors and hedge funds have recently modified their holdings of NOK. Fifth Third Bancorp increased its holdings in Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after purchasing an additional 2,721 shares during the period. Wexford Capital LP purchased a new stake in shares of Nokia in the 3rd quarter worth $29,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Nokia during the 3rd quarter worth $34,000. Smithfield Trust Co bought a new position in shares of Nokia during the 4th quarter worth $35,000. Finally, CIBC Private Wealth Group LLC increased its stake in shares of Nokia by 86.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 5,994 shares of the technology company’s stock valued at $39,000 after buying an additional 2,773 shares during the period. Institutional investors own 5.28% of the company’s stock.

About Nokia

(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.