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.
After finishing at $1.65 in the prior trading day, Nikola Corp (NASDAQ: NKLA) closed at $1.61, down -2.42%. In other words, the price has decreased by -$2.42 from its previous closing price. On the day, 12.68 million shares were traded. NKLA stock price reached its highest trading level at $1.7987 during the session, while it also had its lowest trading level at $1.6.
Ratios:
Our goal is to gain a better understanding of NKLA by taking a closer 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 97996032 and an Enterprise Value of 250365952. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.27 while its Price-to-Book (P/B) ratio in mrq is 0.23. Its current Enterprise Value per Revenue stands at 3.315 whereas that against EBITDA is -0.502.
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 $1.64. The 50-Day Moving Average of the stock is -52.93%, while the 200-Day Moving Average is calculated to be -85.96%.
Shares Statistics:
The stock has traded on average 5.20M shares per day over the past 3-months and 8929550 shares per day over the last 10 days, according to various share statistics. A total of 60.87M shares are outstanding, with a floating share count of 56.23M. Insiders hold about 7.62% of the company’s shares, while institutions hold 24.45% stake in the company. Shares short for NKLA as of 1731628800 were 12870272 with a Short Ratio of 2.47, compared to 1728950400 on 13026410. Therefore, it implies a Short% of Shares Outstanding of 12870272 and a Short% of Float of 21.180001.
