A Look Into Nokia Inc's Price Over Earnings
Portfolio Pulse from Benzinga Insights
Nokia Inc.'s (NYSE:NOK) stock price is currently at $3.94, after a 2.21% increase. However, the stock has fallen by 0.38% over the past month and by 22.08% over the past year. Nokia's P/E ratio is lower than the aggregate P/E of the Communications Equipment industry, which could indicate that the stock is undervalued.
August 29, 2023 | 5:30 pm
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Nokia's stock price has increased by 2.21% to $3.94. However, it has fallen by 22.08% over the past year. Its lower P/E ratio compared to the industry average could suggest that the stock is undervalued.
Nokia's stock price has increased in the current market session, but it has fallen over the past year. Its P/E ratio is lower than the industry average, which could suggest that the stock is undervalued. However, a lower P/E ratio can also indicate that investors do not expect future growth. Therefore, the impact on the stock price is neutral in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100