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The closing price of Nikola Corp (NASDAQ: NKLA) was $0.66 for the day, up 7.35% from the previous closing price of $0.61. In other words, the price has increased by $7.35 from its previous closing price. On the day, 106.47 million shares were traded. NKLA stock price reached its highest trading level at $0.6688 during the session, while it also had its lowest trading level at $0.6166.
Ratios:
Our analysis of NKLA’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.96 and its Current Ratio is at 2.20. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.38.
On January 24, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $2.
TD Cowen Downgraded its Outperform to Market Perform on May 10, 2023, whereas the target price for the stock was revised from $5 to $1.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 05 ’24 when Worthen Britton M. sold 109,980 shares for $0.68 per share. The transaction valued at 74,852 led to the insider holds 647,449 shares of the business.
Pike Joseph R. sold 75,162 shares of NKLA for $51,155 on Mar 05 ’24. The Chief Human Resources Officer now owns 429,790 shares after completing the transaction at $0.68 per share. On Mar 05 ’24, another insider, Chan Mary S, who serves as the Chief Operating Officer of the company, sold 24,627 shares for $0.68 each. As a result, the insider received 16,761 and left with 546,230 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 891688384 and an Enterprise Value of 696669952. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.58 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 19.439 whereas that against EBITDA is -1.191.
Stock Price History:
The Beta on a monthly basis for NKLA is 2.17, which has changed by -0.37766498 over the last 52 weeks, in comparison to a change of 0.22379243 over the same period for the S&P500. Over the past 52 weeks, NKLA has reached a high of $3.71, while it has fallen to a 52-week low of $0.52. The 50-Day Moving Average of the stock is -10.31%, while the 200-Day Moving Average is calculated to be -39.46%.
Shares Statistics:
NKLA traded an average of 93.78M shares per day over the past three months and 67403860 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 8.53% of the company’s shares, while institutions hold 33.76% stake in the company. Shares short for NKLA as of 1713139200 were 214816503 with a Short Ratio of 2.29, compared to 1710460800 on 252381078. Therefore, it implies a Short% of Shares Outstanding of 214816503 and a Short% of Float of 16.63.
Earnings Estimates
The current rating of Nikola Corp (NKLA) is the result of assessments by 6.0 analysts actively engaged in evaluating its market dynamics.On average, analysts expect EPS of -$0.1 for the current quarter, with a high estimate of -$0.09 and a low estimate of -$0.11, while EPS last year was -$0.26. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.09 and low estimates of -$0.11.
Analysts are recommending an EPS of between -$0.33 and -$0.45 for the fiscal current year, implying an average EPS of -$0.4. EPS for the following year is -$0.29, with 7.0 analysts recommending between -$0.19 and -$0.35.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $18.46M to a low estimate of $13.1M. As of the current estimate, Nikola Corp’s year-ago sales were $11.12MFor the next quarter, 6 analysts are estimating revenue of $23.94M. There is a high estimate of $28.12M for the next quarter, whereas the lowest estimate is $17.7M.
A total of 7 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $188M, while the lowest revenue estimate was $152M, resulting in an average revenue estimate of $169.8M. In the same quarter a year ago, actual revenue was $35.84MBased on 7 analysts’ estimates, the company’s revenue will be $481.79M in the next fiscal year. The high estimate is $571.87M and the low estimate is $415.7M.
