Nokia’s stock price on Friday hit its lowest in the past year. NOK went as low as $4.62. Stocks that are at or near their 52 week low may indicate a stock is under-valued. However, there is no guarantee that the stock will begin to trade higher. It could break down to an even lower level.
In the past 52 weeks, shares of Nokia have traded between the current low of $4.62 and a high of $11.75. The Street reports that Nokia’s shares are down 51.4% year to date.
Bad news or sign of opportunity?