Nokia (NYSE:NOK) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Nokia shares crossed above its 200-day moving average, trading as high as $6.61 and last around $6.375 on heavy volume (~34.6M), marking a technical breakout.
• Nokia won a network-operations contract with Connexa in New Zealand, boosting its managed-services and recurring-revenue exposure in APAC, while several analysts have raised targets (JPMorgan to $8) and the consensus rating is a Moderate Buy with a $5.95 price target.
• Nokia transferred 6,332,357 treasury shares to settle equity incentives, increasing shares outstanding (i.e., dilution) which could modestly weigh on EPS until growth offsets the impact.

Nokia Corporation (NYSE:NOK - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.44 and traded as high as $6.61. Nokia shares last traded at $6.3750, with a volume of 34,561,096 shares trading hands.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

• Positive Sentiment: Nokia won a network operations contract with Connexa in New Zealand, outsourcing Connexa’s network operations to Nokia — a deal that expands Nokia’s managed-services footprint and supports recurring revenue growth in the APAC region. Nokia and Connexa partner to transform network operations across New Zealand Connexa outsources network ops to Nokia
• Neutral Sentiment: Multiple senior managers received share‑based incentives (public notifications filed today), aligning management with shareholders but also reflecting planned equity compensation. These are routine disclosures; they signal retention/alignments rather than immediate cash impact. Managers' transactions (Heard)
• Neutral Sentiment: Human‑interest coverage (e.g., a long‑delayed Nokia handset delivery story) is circulating but has no material business impact. WATCH | Libyan Man Ordered Nokia Phones In 2010 & It Finally Arrived In 2026
• Negative Sentiment: Nokia transferred 6,332,357 treasury shares to settle equity‑based incentive plan commitments. That increases shares outstanding (dilution) and may weigh modestly on EPS metrics until offset by growth. Changes in Nokia Corporation's own shares Changes in Nokia Corporation's own shares (Business Insider)
• Negative Sentiment: Analysis pieces highlight ongoing friction between Nokia and the China market — geopolitical and market access concerns that could limit sales or partnerships in a key region and add execution risk. Investors sensitive to China exposure may view this as a headwind. China and Nokia remain uneasy bedfellows around the Bell of the ball

Analyst Ratings Changes

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Nokia from $7.10 to $8.00 and gave the company an "overweight" rating in a report on Monday, December 1st. Raymond James Financial reaffirmed an "outperform" rating on shares of Nokia in a report on Thursday, October 23rd. New Street Research set a $6.57 price target on Nokia in a report on Thursday, November 20th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Nokia in a research note on Monday, December 22nd. Finally, Jefferies Financial Group raised Nokia from a "hold" rating to a "buy" rating in a research report on Tuesday, October 28th. Eight equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.95.

Nokia Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.23 and a current ratio of 1.48. The firm's fifty day moving average is $6.42 and its two-hundred day moving average is $5.44. The company has a market cap of $36.61 billion, a P/E ratio of 35.42 and a beta of 0.77.

Nokia (NYSE:NOK - Get Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The technology company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Nokia had a return on equity of 8.24% and a net margin of 4.65%.The business had revenue of $5.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the previous year, the business earned $0.06 earnings per share. The business's revenue was up 11.6% on a year-over-year basis. As a group, analysts anticipate that Nokia Corporation will post 0.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Nokia

Several institutional investors and hedge funds have recently modified their holdings of NOK. Allworth Financial LP lifted its holdings in shares of Nokia by 7.1% in the third quarter. Allworth Financial LP now owns 24,344 shares of the technology company's stock worth $117,000 after buying an additional 1,609 shares in the last quarter. Xponance Inc. increased its holdings in Nokia by 16.7% in the 3rd quarter. Xponance Inc. now owns 12,023 shares of the technology company's stock valued at $58,000 after acquiring an additional 1,717 shares during the last quarter. GAMMA Investing LLC lifted its stake in Nokia by 12.1% in the 4th quarter. GAMMA Investing LLC now owns 15,908 shares of the technology company's stock worth $103,000 after purchasing an additional 1,718 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Nokia by 0.5% during the third quarter. Franklin Resources Inc. now owns 355,298 shares of the technology company's stock valued at $1,709,000 after purchasing an additional 1,840 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its holdings in shares of Nokia by 7.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 26,022 shares of the technology company's stock worth $125,000 after purchasing an additional 1,848 shares during the last quarter. Institutional investors own 5.28% of the company's stock.

Nokia Company Profile

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.

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