Financial Metrics Check: Nikola Corp (NKLA)’s Ratios for Trailing Twelve Months

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As of close of business last night, Nikola Corp’s stock clocked out at $9.75, down -7.05% from its previous closing price of $10.49. In other words, the price has decreased by -$7.05 from its previous closing price. On the day, 9.07 million shares were traded. NKLA stock price reached its highest trading level at $11.42 during the session, while it also had its lowest trading level at $9.54.

Ratios:

To gain a deeper understanding of NKLA’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.47.

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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jun 04 ’24 when Hoefelmann Dirk Ole sold 17,030 shares for $0.51 per share. The transaction valued at 8,709 led to the insider holds 1,514,870 shares of the business.

Girsky Stephen J bought 1,000,000 shares of NKLA for $540,000 on May 20 ’24. The Chief Executive Officer now owns 7,243,005 shares after completing the transaction at $0.54 per share. On Mar 05 ’24, another insider, Worthen Britton M., who serves as the Chief Legal Officer of the company, sold 109,980 shares for $0.68 each. As a result, the insider received 74,852 and left with 647,449 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 474340416 and an Enterprise Value of 373428128. For the stock, the TTM Price-to-Sale (P/S) ratio is 13.50 while its Price-to-Book (P/B) ratio in mrq is 0.74. Its current Enterprise Value per Revenue stands at 11.434 whereas that against EBITDA is -0.624.

Stock Price History:

The Beta on a monthly basis for NKLA is 2.10, which has changed by -0.76449275 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, NKLA has reached a high of $111.30, while it has fallen to a 52-week low of $7.25. The 50-Day Moving Average of the stock is -33.62%, while the 200-Day Moving Average is calculated to be -59.23%.

Shares Statistics:

It appears that NKLA traded 3.44M shares on average per day over the past three months and 7117370 shares per day over the past ten days. A total of 44.34M shares are outstanding, with a floating share count of 41.40M. Insiders hold about 8.46% of the company’s shares, while institutions hold 32.26% stake in the company. Shares short for NKLA as of 1718323200 were 9042911 with a Short Ratio of 2.63, compared to 1715731200 on 8214941. Therefore, it implies a Short% of Shares Outstanding of 9042911 and a Short% of Float of 20.040001.

Earnings Estimates

Investors are eagerly awaiting the insights provided by 5.0 analysts currently analyzing and rating the stock of Nikola Corp (NKLA).On average, analysts expect EPS of -$2.76 for the current quarter, with a high estimate of -$2.4 and a low estimate of -$3.02, while EPS last year was -$6. The consensus estimate for the next quarter is -$2.65, with high estimates of -$2.22 and low estimates of -$3.0.

Analysts are recommending an EPS of between -$10.16 and -$11.4 for the fiscal current year, implying an average EPS of -$10.94. EPS for the following year is -$8.3, with 5.0 analysts recommending between -$7.13 and -$8.94.

Revenue Estimates

In the current quarter, 6 analysts expect revenue to total $24.7M. It ranges from a high estimate of $29.8M to a low estimate of $20.25M. As of the current estimate, Nikola Corp’s year-ago sales were $15.43MFor the next quarter, 6 analysts are estimating revenue of $36.22M. There is a high estimate of $45.82M for the next quarter, whereas the lowest estimate is $30.7M.

A total of 7 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $154.3M, while the lowest revenue estimate was $114M, resulting in an average revenue estimate of $126.88M. In the same quarter a year ago, actual revenue was $35.84MBased on 7 analysts’ estimates, the company’s revenue will be $429.73M in the next fiscal year. The high estimate is $549.4M and the low estimate is $326.2M.

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