In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
Nikola Corp (NASDAQ: NKLA) closed the day trading at $1.12 down -1.75% from the previous closing price of $1.14. In other words, the price has decreased by -$1.75 from its previous closing price. On the day, 7.13 million shares were traded. NKLA stock price reached its highest trading level at $1.2182 during the session, while it also had its lowest trading level at $1.09.
Ratios:
For a better understanding of NKLA, let’s look at its different ratios. 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 94603936 and an Enterprise Value of 220541104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.25 while its Price-to-Book (P/B) ratio in mrq is 0.16. Its current Enterprise Value per Revenue stands at 2.92 whereas that against EBITDA is -0.442.
Stock Price History:
The Beta on a monthly basis for NKLA is 1.99, which has changed by -0.9399684 over the last 52 weeks, in comparison to a change of 0.23147523 over the same period for the S&P500. Over the past 52 weeks, NKLA has reached a high of $34.50, while it has fallen to a 52-week low of $1.07. The 50-Day Moving Average of the stock is -41.20%, while the 200-Day Moving Average is calculated to be -87.71%.
Shares Statistics:
Over the past 3-months, NKLA traded about 9.70M shares per day on average, while over the past 10 days, NKLA traded about 19161780 shares per day. 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 17.61% stake in the company. Shares short for NKLA as of 1735603200 were 9858758 with a Short Ratio of 1.02, compared to 1732838400 on 13509106. Therefore, it implies a Short% of Shares Outstanding of 9858758 and a Short% of Float of 11.690000000000001.
