Nokia Oyj (NOK): Heavy Pre-Market Activity

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified Nokia Oyj ( NOK) as a pre-market mover with heavy volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Nokia Oyj as such a stock due to the following factors:

  • NOK has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $186.1 million.
  • NOK traded 2.6 million shares today in the pre-market hours as of 8:35 AM, representing 10.6% of its average daily volume.

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More details on NOK:

Nokia Corporation operates as a mobile communications company worldwide. It operates in three segments: Devices & Services, HERE, and Nokia Siemens Networks. The stock currently has a dividend yield of 5.2%. Currently there are 4 analysts that rate Nokia Oyj a buy, no analysts rate it a sell, and 17 rate it a hold.

The average volume for Nokia Oyj has been 30.9 million shares per day over the past 30 days. Nokia Oyj has a market cap of $28.2 billion and is part of the technology sector and telecommunications industry. Shares are up 90.9% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Nokia Oyj as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet.

Highlights from the ratings report include:
  • Powered by its strong earnings growth of 88.23% and other important driving factors, this stock has surged by 101.30% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Communications Equipment industry. The net income increased by 88.3% when compared to the same quarter one year prior, rising from -$1,276.81 million to -$149.37 million.
  • NOKIA CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, NOKIA CORP reported poor results of -$1.10 versus -$0.41 in the prior year. This year, the market expects an improvement in earnings ($0.05 versus -$1.10).
  • The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Communications Equipment industry and the overall market, NOKIA CORP's return on equity significantly trails that of both the industry average and the S&P 500.
  • The debt-to-equity ratio of 1.01 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with the unfavorable debt-to-equity ratio, NOK maintains a poor quick ratio of 0.92, which illustrates the inability to avoid short-term cash problems.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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