Nokia Oyj : The technical configuration is positive
Published on 06/02/2021
at 04:38 pm IST
| Entry price | Target | Stop-loss | Potential |
|---|
|
€4.36 |
€4.79 |
€4.18 |
+9.95% |
|---|
The underlying tendency is to the upside for shares in Nokia Oyj and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Summary● The company has solid fundamentals for a short-term investment strategy.
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● The company is in a robust financial situation considering its net cash and margin position.
● As regards fundamentals, the enterprise value to sales ratio is at 0.97 for the current period. Therefore, the company is undervalued.
● For the past twelve months, EPS forecast has been revised upwards.
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● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
● For the past year, analysts have significantly revised downwards their profit estimates.
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● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
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2021
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