For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
The closing price of Nikola Corp (NASDAQ: NKLA) was $1.15 for the day, up 0.88% from the previous closing price of $1.14. In other words, the price has increased by $0.88 from its previous closing price. On the day, 10.2 million shares were traded. NKLA stock price reached its highest trading level at $1.2197 during the session, while it also had its lowest trading level at $1.08.
Ratios:
Our analysis of NKLA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.73.
On May 16, 2024, Bryan Garnier started tracking the stock assigning a Buy rating and target price of $1.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Dec 04 ’24 when Hoefelmann Dirk Ole sold 546 shares for $1.68 per share. The transaction valued at 918 led to the insider holds 49,597 shares of the business.
Hoefelmann Dirk Ole bought 546 shares of NKLA for $918 on Dec 04 ’24. On Sep 04 ’24, another insider, Okray Thomas B, who serves as the Chief Financial Officer of the company, sold 1,396 shares for $6.18 each. As a result, the insider received 8,623 and left with 57,871 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NKLA now has a Market Capitalization of 97137968 and an Enterprise Value of 222367120. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.30 while its Price-to-Book (P/B) ratio in mrq is 0.17. Its current Enterprise Value per Revenue stands at 2.944 whereas that against EBITDA is -0.446.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $34.50, while it has fallen to a 52-week low of $1.09. The 50-Day Moving Average of the stock is -53.95%, while the 200-Day Moving Average is calculated to be -88.59%.
Shares Statistics:
NKLA traded an average of 7.29M shares per day over the past three months and 11623610 shares per day over the past ten days. A total of 84.47M shares are outstanding, with a floating share count of 80.99M. Insiders hold about 4.12% of the company’s shares, while institutions hold 17.62% stake in the company. Shares short for NKLA as of 1734048000 were 20843512 with a Short Ratio of 2.86, compared to 1731628800 on 12870272. Therefore, it implies a Short% of Shares Outstanding of 20843512 and a Short% of Float of 24.709999999999997.
