10 Low Price High Volume Stocks to Buy Now

7. Nokia Oyj (NYSE:NOK)

Price: $4.99

Trading Volume: 24,233,634

No. of hedge fund owners: 16

Nokia Oyj (NYSE:NOK) is one of the low-priced stocks on our list. As a consumer electronics multinational player, Nokia has always had a strong presence in the market. The company has also recently gone through some significant developments aimed at revamping its market position and financial performance. As the company prepares to appoint former Intel executive, Justin Hotard, as its new Chief Executive Officer effective April 2025, a fresh outlook and renewed expertise are set to drive new strategic efforts. With Hotard’s expertise in AI and data centers, Nokia is preparing to undergo key transformation to deal with the revenue challenges it has been struggling with despite the 5G expansion.

Additionally, Nokia Oyj (NYSE:NOK) has recently announced a multi-year expansion agreement with AT&T to enhance voice carriage and 5G network automation across the United States. This collaboration is aimed at enhancing voice services and network efficiency within AT&T, by integrating advanced technologies, including artificial intelligence and machine learning. In the broader telecommunications sector, Nokia also went ahead with the strategic acquisition of Infinera for $2.3 billion, further indicating intentions to diversify into data center technologies, positioning itself to capitalize on the growing demand for data center infrastructure driven by AI.

Nokia Oyj (NYSE:NOK)’s performance in 2024, Q4  has been promising, with a 38% increase in adjusted operating profit, and a profit of €813 million, against the €33 million loss in the same period the previous year. The strong financial performance was achieved by a 10% increase in sales. Segment-wise network infrastructure saw a 17% rise in sales whereas the Nokia Technologies unit saw a significant 85% growth, surpassing analyst expectations.

Stock-wise, a potential 3.66% increase by mid-March 2025 is being predicted in analyst forecasts, suggesting a positive trajectory and projections to reach a $5.19 price point.

Overall, Nokia Oyj (NYSE:NOK) has ushered in 2025 with significant momentum through its strategic partnerships, technological advancements, and financial resilience. Currently trading at a low price and high volume, the stock poses a compelling investment opportunity while market presence suggests a promising outlook in the coming years.