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After finishing at $3.93 in the prior trading day, Nikola Corp (NASDAQ: NKLA) closed at $3.76, down -4.45%. In other words, the price has decreased by -$4.45 from its previous closing price. On the day, 4.65 million shares were traded. NKLA stock price reached its highest trading level at $3.94 during the session, while it also had its lowest trading level at $3.75.
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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Bryan Garnier on May 16, 2024, initiated with a Buy rating and assigned the stock a target price of $1.
On January 24, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $2.Robert W. Baird initiated its Outperform rating on January 24, 2024, with a $2 target price.
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 Sep 04 ’24 when Okray Thomas B sold 1,396 shares for $6.18 per share. The transaction valued at 8,623 led to the insider holds 57,871 shares of the business.
Hoefelmann Dirk Ole sold 352 shares of NKLA for $2,174 on Sep 04 ’24. The President, Energy now owns 50,143 shares after completing the transaction at $6.18 per share. On Sep 04 ’24, another insider, Chan Mary S, who serves as the Chief Operating Officer of the company, sold 717 shares for $6.18 each. As a result, the insider received 4,429 and left with 66,757 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 228555968 and an Enterprise Value of 344599552. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 4.562 whereas that against EBITDA is -0.691.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $38.40, while it has fallen to a 52-week low of $3.72. The 50-Day Moving Average of the stock is -24.81%, while the 200-Day Moving Average is calculated to be -72.68%.
Shares Statistics:
The stock has traded on average 3.39M shares per day over the past 3-months and 5653330 shares per day over the last 10 days, according to various share statistics. A total of 50.60M shares are outstanding, with a floating share count of 46.74M. Insiders hold about 7.62% of the company’s shares, while institutions hold 27.57% stake in the company. Shares short for NKLA as of 1728950400 were 13026410 with a Short Ratio of 3.84, compared to 1726185600 on 14706929. Therefore, it implies a Short% of Shares Outstanding of 13026410 and a Short% of Float of 23.61.
