Nokia (NOK) shares fell 3.61% to $7.08 as a stronger-than-expected jobs report fueled concerns regarding Fed rate cut timelines. Despite the daily decline, the stock has maintained a strong 46.38% return over the past year.
- Market Context: Technology stocks faced pressure after January payrolls hit 130,000, significantly higher than the 55,000 consensus, impacting investor sentiment.
- Valuation Outlook: Conflicting signals show a high 54.09x P/E ratio, though a recent 14.5% DCF upgrade to €6.76 suggests improving fundamentals.
- Price Highlight: NOK is currently trading at $7.08 (down 3.61%) against a 52-week range of $4.00–$8.19.