Analyst Opinion On How To Bet On Nokia Corporation (NOK), Westpac Banking Corporation (WBK)

Nokia Corporation (NYSE:NOK) recently saw its volume around 7.4 million shares and on average it trades 13.2 million shares a day. The opening price of $5.04, led it to drop 0% to reach $5.05 upon the closing bell.

Nokia Corporation (NOK) Analyst Opinion

Nokia Corporation has a consensus hold rating from 15 Wall Street analysts, and the number of shares currently sold short amount to at least 0.54% of shares outstanding. The stock sank -15.69% last month and is up 4.99 this year. Wall Street is only getting more bullish on the stock, with 5 of analysts who cover NOK having a buy-equivalent rating. Analysts have placed a $6.06 price target on Nokia Corporation, suggesting a 20% gain from recent close. It’s currently trading about -24.06% below its 52-week high.

Nokia Corporation Earnings Surprise

Nokia Corporation (NOK) surprised the stock market in its last reported earnings when it earned $0.11 a piece versus the consensus-estimated $0.06. Its revenue totaled $6.34 billion up 2.32% from the previous quarter.

Nokia Corporation (NYSE:NOK) Intraday View

This stock (NOK) is ahead of its 52-week low with 22.28%. Its last month’s stock price volatility remained 1.19% which for the week stands at 1.69%. The share price has moved forward from its 20 days moving average, trading at a distance of 1.12% and stays -9.5% away from its 50 days moving average. Over the last five days, shares have managed 4.34% gains and now is down -13.2% since hitting its 200-day moving average of $6.04. Nokia Corporation (NOK) has made its way to a 12-month gain of 20.53%.

Turning to Westpac Banking Corporation (NYSE:WBK), its shares were trading at $24.23 a retreat of $-0.07, on the trading floor. The stock, after opening at $24.24, touched a high of $24.29 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1. Westpac Banking Corporation has 1 buy ratings, 0 holds and 0 sells even after the stock tumbled -10.43% from its high of $27.05 to a $81.93 billion market value through last close.

Westpac Banking Corporation (WBK) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1 to 1 during a month. Analysts set a 12-month price target of $25.93 a share. The target implies a 7.02% spike from where the shares are currently trading. Also, the current price highlights a discount of 23.65% to analysts’ high consensus price target.

Westpac Banking Corporation (NYSE:WBK) Intraday Trading

The counter witnessed a trading volume of 0.24 million shares versus an average volume of 0.15 million shares during last trading session. Its last month’s stock price volatility remained 0.63% which for the week approaches 0.88%. The lowest price the stock reached in the last trading day was $24.15 and compares with the $22.17 52-week low. The stock recovered 9.29% since its low point and has performed 3.19% year-to-date.

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