As of close of business last night, Nikola Corp’s stock clocked out at $0.70, down -4.88% from its previous closing price of $0.73. In other words, the price has decreased by -$0.0357 from its previous closing price. On the day, 100597411 shares were traded. NKLA stock price reached its highest trading level at $0.7418 during the session, while it also had its lowest trading level at $0.6820.
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 1.96 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.
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, Robert W. Baird on January 24, 2024, initiated with a Outperform rating and assigned the stock a target price of $2.
On May 10, 2023, TD Cowen Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $5 to $1.
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 Sep 06 when Pasterick Anastasiya sold 6,709 shares for $1.12 per share. The transaction valued at 7,521 led to the insider holds 167,777 shares of the business.
Worthen Britton M. sold 121,404 shares of NKLA for $237,709 on Aug 10. The Chief Legal Officer now owns 757,429 shares after completing the transaction at $1.96 per share. On Aug 10, another insider, Pike Joseph R., who serves as the Chief Human Resources Officer of the company, sold 80,937 shares for $1.96 each. As a result, the insider received 158,475 and left with 504,952 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 981.41M and an Enterprise Value of 799.69M. For the stock, the TTM Price-to-Sale (P/S) ratio is 25.63 while its Price-to-Book (P/B) ratio in mrq is 1.29. Its current Enterprise Value per Revenue stands at 22.31 whereas that against EBITDA is -1.09.
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 $0.52. The 50-Day Moving Average of the stock is 0.7478, while the 200-Day Moving Average is calculated to be 1.1677.
Shares Statistics:
It appears that NKLA traded 107.48M shares on average per day over the past three months and 100.99M shares per day over the past ten days. A total of 1.33B shares are outstanding, with a floating share count of 1.22B. Insiders hold about 8.60% of the company’s shares, while institutions hold 33.80% stake in the company. Shares short for NKLA as of Feb 15, 2024 were 229.65M with a Short Ratio of 2.14, compared to 191.11M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 17.27% and a Short% of Float of 17.86%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 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 -$0.34 and -$0.45 for the fiscal current year, implying an average EPS of -$0.4. EPS for the following year is -$0.31, with 5 analysts recommending between -$0.27 and -$0.35.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $13.3M. It ranges from a high estimate of $15.1M to a low estimate of $11.5M. As of the current estimate, Nikola Corp’s year-ago sales were $11.12M, an estimated increase of 19.60% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $24.24M, an increase of 57.10% over than the figure of $19.60% in the same quarter last year. There is a high estimate of $27.9M for the next quarter, whereas the lowest estimate is $17.6M.
A total of 5 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $188M, while the lowest revenue estimate was $146.3M, resulting in an average revenue estimate of $167.82M. In the same quarter a year ago, actual revenue was $35.84M, up 368.30% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $478.95M in the next fiscal year. The high estimate is $571.87M and the low estimate is $415.7M. The average revenue growth estimate for next year is up 185.40% from the average revenue estimate for this year.
