Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
Nikola Corp (NASDAQ: NKLA) closed the day trading at $0.47 down -39.13% from the previous closing price of $0.77. In other words, the price has decreased by -$39.13 from its previous closing price. On the day, 109.67 million shares were traded.
Ratios:
For a better understanding of NKLA, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.89 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.93 whereas as Long-Term Debt/Eq ratio is at 0.73.
On May 16, 2024, Bryan Garnier started tracking the stock assigning a Buy rating and target price of $1.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 04 ’24 when Hoefelmann Dirk Ole sold 546 shares for $1.68 per share. The transaction valued at 918 led to the insider holds 49,597 shares of the business.
Hoefelmann Dirk Ole bought 546 shares of NKLA for $918 on Dec 04 ’24. On Sep 04 ’24, another insider, Okray Thomas B, who serves as the Chief Financial Officer of the company, sold 1,396 shares for $6.18 each. As a result, the insider received 8,623 and left with 57,871 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 0.07.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $34.50, while it has fallen to a 52-week low of $0.43. The 50-Day Moving Average of the stock is -56.94%, while the 200-Day Moving Average is calculated to be -92.74%.
Shares Statistics:
A total of 84.47M shares are outstanding, with a floating share count of 81.63M. Insiders hold about 3.36% of the company’s shares, while institutions hold 40.33% stake in the company.
Earnings Estimates
Investors are keenly observing as 4.0 analysts analyze and rate the current performance of Nikola Corp (NKLA) in the stock market.The consensus estimate for the next quarter is -$1.73, with high estimates of -$1.42 and low estimates of -$1.93.
Analysts are recommending an EPS of between -$7.55 and -$10.39 for the fiscal current year, implying an average EPS of -$9.41. EPS for the following year is -$7.3, with 5.0 analysts recommending between -$5.93 and -$8.82.
Revenue Estimates
3 analysts predict $40.86M in revenue for the current quarter. It ranges from a high estimate of $44.7M to a low estimate of $37.3M. As of the current estimate, Nikola Corp’s year-ago sales were $11.53MFor the next quarter, 3 analysts are estimating revenue of $56.58M. There is a high estimate of $77M for the next quarter, whereas the lowest estimate is $42.84M.
A total of 6 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $124M, while the lowest revenue estimate was $101.3M, resulting in an average revenue estimate of $111.97M. In the same quarter a year ago, actual revenue was $35.84MBased on 6 analysts’ estimates, the company’s revenue will be $354.12M in the next fiscal year. The high estimate is $434.13M and the low estimate is $255.7M.
