KIANEWS Nokia stock prices are rising again
19. 10. 2021 Tuesday / By: Robert Denes / Business / Exact time: BST / Print this page
The king of mobile phones, Nokia has already become a 5G type company and has become a leading provider of network infrastructure and other networking solutions. Thus, Nokia shares are key players in the upcoming 5G revolution.
Many investors have been sleeping on this stock for years as they continue to win significant contracts. Last year, however, the stock was watched by enterprising people at Reddit forum r / WallStreetBets. This fueled a huge short-term rally in NOK stocks that has since faded. I think while other investors are starting to recognize the value of NOK shares. Since its low of about $ 3.80, NOK shares have been on a steady uptrend and are now trading near $ 6.
According to today’s data, Nokia Corporation traded 180,52140 shares at its last trading session, averaging 20,707.31,000 shares. The stock acknowledged that it is actively focusing on equities at the current trading session. NOK posted a 0.17% change and a listed stock value of $ 5.91 in its most recent trading transaction. Its market capitalization is $ 34031.67 million. Use market capitalization to visualize the size of the firm, as this is a key factor in developing the interests of investors, including risk, in terms of various characteristics.
Nokia continues to take steps in its 5G business, with which the company has entered into agreements with telecom operators from around the world. The most significant victory recently, however, is the company’s first 5G radio contract in China. This is a significant win for the Finnish company as China is a huge market for 5G. Currently, half of the world’s 4G base stations are located in China. Extrapolate this number to the introduction of 5G and see what a huge opportunity it is for the company.
China is aggressively building its 5G infrastructure network. The country currently has the world’s largest 5G network, 260 million mobile connections and roughly 916,000 5G base stations. The country aims to reach 40% penetration by 2023, which means 560 million 5G users. While Chinese suppliers typically receive the vast majority of government contracts, Nokia can position itself as the Western-based supplier of choice. This is due to the fact that current geopolitical tensions between China and Sweden make it difficult for rival Ericsson (NASDAQ: ERIC) to secure deals.
The simple moving average is one of the most flexible and commonly used technical analysis indicators. It is very popular among traders, mainly because of its simplicity. It works best in a fashionable environment. Simple moving average in the average of the last N-periods (20 days, 50 days, 200 days). The stock price is positive compared to the 20-day moving average, 5.07%, and trading is 1.67% above the 50-day moving average. The share price is up 18.54% compared to the 200-day moving average. Despite a stock price of less than $ 6 and a r / WallStreetBets audience favorite, Nokia is a mature and stable company. NOK shares are trading at a market cap of $ 33 billion. Thus, NOK equities are an appropriate investment for medium risk portfolios. The good news is that this stock is actually trading with relatively cheap valuations. Via Link