Nokia (NYSE:NOK) Shares Down 4.9% – Here’s What Happened

Nokia Corporation (NYSE:NOK)’s stock price dropped 4.9% during trading on Tuesday . The stock traded as low as $13.22 and last traded at $13.72. Approximately 84,112,899 shares changed hands during trading, an increase of 6% from the average session volume of 79,485,227 shares. The stock had previously closed at $14.43.

More Nokia News

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia and Google Cloud expanded their partnership to integrate Gemini AI models into Nokia’s network software suite, creating specialized AI agents designed to reduce telecom operators’ costs and move networks toward fully automated operations. Nokia and Google Cloud Partner to Embed AI Agents, Built with Google’s Gemini Models, Into Nokia’s Autonomous Network Product Suite
• Positive Sentiment: Nokia also unveiled upgraded autonomous networks capabilities, including a new AI agent library, enhancements to its Autonomous Networks Suite, and broader automation tools across radio access, IP, fixed broadband, and optical networks. Nokia advances autonomous networks portfolio with upgraded agentic AI capabilities #DTW26
• Positive Sentiment: Google Cloud’s broader telecom push with Nokia could improve Nokia’s positioning in network automation and AI-driven operations, potentially supporting future software revenue growth. Google Cloud ups telecom game with Nokia AI agent infusion
• Neutral Sentiment: Some market commentary suggests Nokia may be overvalued after a sharp multi-month rally, which could be pressuring the shares despite the positive AI announcements. Nokia (HLSE:NOKIA) Stock Price Looks Full After 173% Year Gain
• Neutral Sentiment: One article also cited Nokia as potentially overvalued in a short-seller-focused screening list, though this appears to be more of a valuation debate than a direct operating issue. Nokia Oyj (NOK): 10 Most Overvalued Quantum Computing Stocks According to Short Sellers

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of Nokia in a research note on Friday, May 22nd. Arete Research upgraded shares of Nokia from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 29th. Argus upgraded Nokia from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Monday, April 27th. Barclays reaffirmed an “underweight” rating on shares of Nokia in a research note on Wednesday, April 29th. Finally, Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a report on Sunday, May 3rd. Twelve research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Nokia currently has an average rating of “Moderate Buy” and an average price target of $12.57.

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 stock has a market cap of $78.78 billion, a price-to-earnings ratio of 85.76, a PEG ratio of 2.62 and a beta of 1.15. The stock’s fifty day moving average is $13.31 and its 200-day moving average is $9.37.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NOK. Fifth Third Bancorp raised its position in shares of Nokia by 248.7% during the fourth 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. FNY Investment Advisers LLC grew its position in shares of Nokia by 33,457.1% in the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock valued at $30,000 after purchasing an additional 4,684 shares during the period. Dorato Capital Management bought a new stake in Nokia during the 4th quarter worth approximately $31,000. Smithfield Trust Co bought a new stake in Nokia during the 4th quarter worth approximately $35,000. Finally, Wexford Capital LP acquired a new stake in Nokia during the 3rd quarter worth approximately $29,000. 5.28% of the stock is owned by institutional investors and hedge funds.

About Nokia

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.