Can Nokia Stock Continue Weathering The Storm In The Broader Markets?
Share this @internewscast.com


Nokia stock (NYSE: NOK) is down 6.5% in the past month (21 trading days), still outperforming the S&P 500 which was down 12%, almost double that much. If you look at the change over the last five days, too, the stock has gained 3.6%, outperforming the broader markets. Additionally, Nokia’s most recent Q1 ’22 earnings saw revenue rise to $5.66 billion, up from $5.38 billion in Q1 ’21. Despite this, a faster rise in COGS and operating expenses, saw operating margins drop from 8.5% to 6.6% over this period. Due to this, EPS came in lower at $0.04 in Q1 ’22, down from around $0.05 in Q1 ’21.

Now, is Nokia stock set to continue its outperformance or could we expect a bounce back? We believe that there is an average 59% chance of a rise in Nokia stock over the next month (21 trading days) based on our machine learning analysis of trends in the stock price over the last ten years. See our analysis on Nokia Stock Chance of Rise. For additional details about the company’s revenues see Nokia Revenues: How Does NOK Make Money?

Twenty-One Day: NOK -6.5%, vs. S&P500 -12%; Outperformed market

(18% likelihood event; 59% probability of rise over next 21 days)

  • NOK stock dropped 6.5% the last twenty-one trading days (one month), compared to a broader market (S&P500) drop of 12%
  • A change of -6.5% or more over twenty-one trading days is an 18% likelihood event, which has occurred 452 times out of 2516 in the last 10 years
  • Of these 452 instances, the stock has seen a positive movement over the next twenty-one trading days on 268 occasions
  • This points to a 59% probability for the stock rising over the next twenty-one trading days

Ten Day: NOK -8.8%, vs. S&P500 -8.6%; Underperformed market

(8% likelihood event; 48% probability of rise over next 10 days)

  • NOK stock lost 8.8% over the last ten trading days (two weeks), compared to a broader market (S&P500) drop of 8.6%
  • A change of -8.8% or more over ten trading days is an 8% likelihood event, which has occurred 209 times out of 2516 in the last 10 years
  • Of these 209 instances, the stock has seen a positive movement over the next ten trading days on 100 occasions
  • This points to a 48% probability for the stock rising over the next ten trading days

Five Day: NOK 3.6%, vs. S&P500 -0.1%; Outperformed market

(18% likelihood event; 47% probability of rise over next five days)

  • NOK stock gained 3.6% over a five-day trading period ending 5/18/2022, compared to the broader market (S&P500) which was roughly unchanged over this period.
  • A change of 3.6% or more over five trading days (one week) is an 18% likelihood event, which has occurred 458 times out of 2516 in the last 10 years
  • Of these 458 instances, the stock has seen a positive movement over the next five trading days on 213 occasions
  • This points to a 47% probability for the stock rising over the next five trading days

What if you’re looking for a more balanced portfolio instead? Our high-quality portfolio and multi-strategy portfolio have beaten the market consistently since the end of 2016.

Invest with Trefis Market Beating Portfolios

See all Trefis Price Estimates

Share this @internewscast.com
You May Also Like

Bitcoin indicator that nailed all bottoms predicts $15.6K BTC price floor

Bitcoin (BTC) needs to go lower before putting in a macro bottom,…

Jerry Hall Files for Divorce From Rupert Murdoch

Jerry Hall filed for divorce from Rupert Murdoch on Friday, citing “irreconcilable…

FTX on the verge of purchasing BlockFi in $25M fire sale: Report

Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi’s remaining…

Even If Turkey Gets Modernized F-16s, Greece Will Still Have A Technological Edge In Airpower

The 2022 NATO Madrid Summit ended on Thursday, June 30. Remarks made…

Atlantic City Casino Workers, MGM Reach Labor Agreement

Atlantic City, N.J., casino union workers reached a tentative agreement with MGM…

How To Find Bargains In Municipal Bond Funds

Tax-exempt bonds have gotten a lot cheaper. Here’s a guide to finding…

Will There Be War Over Taiwan

Frigates simulate destroying an enemy submarine with depth charges during a live-fire…

Tether continues to reduce commercial paper in sharp reduction since March

Tether is reducing its commercial paper holdings on pace with plans, the…