Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Nikola Corp (NASDAQ: NKLA) closed at $1.18 up 0.85% from its previous closing price of $1.17. In other words, the price has increased by $0.85 from its previous closing price. On the day, 14.26 million shares were traded. NKLA stock price reached its highest trading level at $1.225 during the session, while it also had its lowest trading level at $1.12.
Ratios:
For a deeper understanding of Nikola Corp’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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:
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 99672000 and an Enterprise Value of 224193120. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 0.17. Its current Enterprise Value per Revenue stands at 2.968 whereas that against EBITDA is -0.45.
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 $1.15. The 50-Day Moving Average of the stock is -57.00%, while the 200-Day Moving Average is calculated to be -88.71%.
Shares Statistics:
For the past three months, NKLA has traded an average of 6.82M shares per day and 12898430 over the past ten days. A total of 84.47M shares are outstanding, with a floating share count of 80.99M. Insiders hold about 4.12% of the company’s shares, while institutions hold 17.62% stake in the company. Shares short for NKLA as of 1732838400 were 13509106 with a Short Ratio of 1.98, compared to 1730332800 on 14706920. Therefore, it implies a Short% of Shares Outstanding of 13509106 and a Short% of Float of 22.23.
