Fast Growing Stock in Focus: Nokia Corporation (NYSE:NOK)

Shaers of Nokia Corporation (NYSE:NOK) have been recommended as a long term growth pick.  With the firm’s stock price currently trading around $5.92, the firm has proven a solid track record of growth over the recent years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 17.80% earnings per share growth over the past 5 years and 8.20% revenue growth over that same time frame. 

Long-term growth (LTG) is an investing strategy where a stock will (hopefully) grow in value for a relatively long period of time.  Long-term growth should be considered to be a relative term, due to different styles and goals of investors, but the endgame is the same. 

A “buy-and-hold” investor will consider long-term growth as a longer time period then a day trader will. The buy-and-hold strategy looks ahead farther into the future, giving short-term price swings less consideration as long as the fundamentals stay the same.  A trader is looking more closely at a weekly, or shorter, time frame and is more interested in immediate price fluctuations.

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Nokia Corporation (NYSE:NOK)’s stock was 23.08%.  Over the last week of the month, it was -0.84%, -6.62% over the last quarter, and  12.33% for the past six months. 

Over the past 50 days, Nokia Corporation’s stock is -10.17% off of the high and 1.54% removed from the low.  Their 52-Week High and Low are as follows: -10.98% (High), 46.53%, (Low). 

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $6.81 on the equity.   Analysts have a consensus recommendation of 2.50 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.  

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