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The price of Nikola Corp (NASDAQ: NKLA) closed at $7.38 in the last session, down -1.67% from day before closing price of $7.51. In other words, the price has decreased by -$1.67 from its previous closing price. On the day, 1.16 million shares were traded. NKLA stock price reached its highest trading level at $7.56 during the session, while it also had its lowest trading level at $7.31.
Ratios:
We take a closer look at NKLA’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.24 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.52.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 06 ’24 when Girsky Stephen J sold 4,636 shares for $7.75 per share. The transaction valued at 35,909 led to the insider holds 238,311 shares of the business.
Girsky Stephen J bought 4,636 shares of NKLA for $35,909 on Aug 06 ’24. On Jun 04 ’24, another insider, Hoefelmann Dirk Ole, who serves as the President, Energy of the company, sold 17,030 shares for $0.51 each. As a result, the insider received 8,709 and left with 1,514,870 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 379732000 and an Enterprise Value of 403053120. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.68 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 8.291 whereas that against EBITDA is -0.703.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $51.00, while it has fallen to a 52-week low of $7.02. The 50-Day Moving Average of the stock is -20.43%, while the 200-Day Moving Average is calculated to be -61.17%.
Shares Statistics:
According to the various share statistics, NKLA traded on average about 3.45M shares per day over the past 3-months and 3025050 shares per day over the past 10 days. A total of 50.60M shares are outstanding, with a floating share count of 46.32M. Insiders hold about 8.44% of the company’s shares, while institutions hold 27.18% stake in the company. Shares short for NKLA as of 1722384000 were 9209630 with a Short Ratio of 2.67, compared to 1719532800 on 10331137. Therefore, it implies a Short% of Shares Outstanding of 9209630 and a Short% of Float of 19.040000000000003.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 4.0 analysts currently analyzing and rating the stock of Nikola Corp (NKLA).The consensus estimate for the next quarter is -$2.19, with high estimates of -$1.87 and low estimates of -$2.37.
Analysts are recommending an EPS of between -$9.74 and -$10.65 for the fiscal current year, implying an average EPS of -$10.2. EPS for the following year is -$7.68, with 3.0 analysts recommending between -$7.35 and -$7.93.
Revenue Estimates
For the next quarter, 5 analysts are estimating revenue of $53.31M. There is a high estimate of $64.81M for the next quarter, whereas the lowest estimate is $43.48M.
A total of 6 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $154.3M, while the lowest revenue estimate was $119.89M, resulting in an average revenue estimate of $133.37M. In the same quarter a year ago, actual revenue was $35.84MBased on 6 analysts’ estimates, the company’s revenue will be $415.67M in the next fiscal year. The high estimate is $507.5M and the low estimate is $321.59M.
