NOK · NYSE · STOCK
Nokia Oyj
$9.49
52W $4.11 – $17.45
54/100
$51.09B
64.8
0.79
Is NOK Bullish or Bearish?
Mixed.
Innellis AI committee rates Nokia Oyj (NOK) Watch with a composite score of 54/100
, based on 6 analysts with 67% agreement.
Last updated August 11, 2026.
What Would Change This View
- Upgrade to Buy
- Requires a committee score of 60.0 — +5.54 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Reduce
- Requires the score to fall below 40.0 — -14.46 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Macro Analyst sees a compelling case — vix regime is low -- calm backdrop supports risk-taking. Growth Analyst remains cautious — eps declining -21.3% yoy despite any revenue growth. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- Price-to-book of 1.5x is a discount to asset value — Value
- MACD histogram positive -- bullish momentum — Technical
- Low leverage (debt-to-equity 0.21) -- balance sheet can absorb a shock — Risk
- VIX regime is low -- calm backdrop supports risk-taking — Macro
- Market regime is bullish (Bull market -- normal position sizing) — Macro
- Beta of 2.20 means this name should amplify a favorable market regime — Macro
Bear Case
- P/E of 64.5 is expensive by classic value standards — Value
- ROE of only 3.4% -- cheap may mean cheap for a reason — Value
- EPS declining -21.3% YoY despite any revenue growth — Growth
- Bollinger bandwidth of 28.2% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of August 11, 2026
Overall Committee Score
54/100
Agreement
67%
Analysts
6
Conviction
Contested
Sector Rank
Top 84%
of 284 Technology peers
Value Analyst
neutral
50
/ 100 · High confidence
Fair value -- neither a bargain nor obviously overpriced
+ Price-to-book of 1.5x is a discount to asset value
− P/E of 64.5 is expensive by classic value standards
Growth Analyst
bearish
30
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− EPS declining -21.3% YoY despite any revenue growth
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.21) -- balance sheet can absorb a shock
− Bollinger bandwidth of 28.2% signals elevated volatility
Macro Analyst
bullish
78
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ VIX regime is low -- calm backdrop supports risk-taking
News Analyst
neutral
53
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Technical Analysis
RSI (14)
46.8
Neutral
MACD Histogram
0.139
Bullish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Hh Hl
Support
$6.06
Resistance
$17.45
Bollinger %B
0.44
Inside Bands
Price vs Moving Averages
EMA 9
$9.41
Above
EMA 21
$9.97
Below
EMA 50
$11.06
Below
EMA 200
$9.72
Below
Fundamental Analysis
Valuation
63
Profitability
29
Financial Health
79
Cash Flow
70
Valuation
P/E Ratio
64.8×
P/B Ratio
2.17×
PEG Ratio
-2.33
Dividend Yield
1.70%
52W High
$17.45
52W Low
$4.11
Quality & Growth
ROE
310.6%
ROA
173.2%
Gross Margin
4462.3%
Operating Margin
827.3%
Revenue Growth YoY
—
Debt / Equity
0.16
AI Fundamental Assessment
[reduced confidence: limited earnings history] P/E ratio of 64.8 (rich relative to a 15-40x range); Price-to-book of 2.2x; PEG ratio of -2.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 3.1%; Return on assets of 1.7%; Net margin of 4.7%; Gross margin of 44.6%; Current ratio of 1.51 (tight short-term liquidity); Debt-to-equity of 0.16; Free cash flow per share is positive (0.10); Earnings-history trend unavailable; growth based on TTM year-over-year only.
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