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 $0.50, down -0.16% from its previous closing price of $0.50. In other words, the price has decreased by -$0.16 from its previous closing price. On the day, 53.2 million shares were traded. NKLA stock price reached its highest trading level at $0.5149 during the session, while it also had its lowest trading level at $0.49.


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 671627904 and an Enterprise Value of 604177536. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.56 while its Price-to-Book (P/B) ratio in mrq is 1.13. Its current Enterprise Value per Revenue stands at 18.5 whereas that against EBITDA is -1.009.

Stock Price History:

Over the past 52 weeks, NKLA has reached a high of $3.71, while it has fallen to a 52-week low of $0.49. The 50-Day Moving Average of the stock is -24.54%, while the 200-Day Moving Average is calculated to be -43.31%.

Shares Statistics:

It appears that NKLA traded 90.96M shares on average per day over the past three months and 58187100 shares per day over the past ten days. A total of 1.33B shares are outstanding, with a floating share count of 1.24B. Insiders hold about 8.59% of the company’s shares, while institutions hold 32.26% stake in the company. Shares short for NKLA as of 1715731200 were 246448237 with a Short Ratio of 2.71, compared to 1713139200 on 214816503. Therefore, it implies a Short% of Shares Outstanding of 246448237 and a Short% of Float of 18.21.

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