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As of close of business last night, Nikola Corp’s stock clocked out at $8.13, down -6.34% from its previous closing price of $8.68. In other words, the price has decreased by -$6.34 from its previous closing price. On the day, 2.79 million shares were traded. NKLA stock price reached its highest trading level at $8.74 during the session, while it also had its lowest trading level at $8.08.
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 1.24 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:
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 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 411355232 and an Enterprise Value of 441001024. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.46 while its Price-to-Book (P/B) ratio in mrq is 0.75. Its current Enterprise Value per Revenue stands at 9.071 whereas that against EBITDA is -0.769.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $62.09, while it has fallen to a 52-week low of $7.02. The 50-Day Moving Average of the stock is -20.23%, while the 200-Day Moving Average is calculated to be -58.87%.
Shares Statistics:
It appears that NKLA traded 3.38M shares on average per day over the past three months and 2794890 shares per day over the past ten days. A total of 50.60M shares are outstanding, with a floating share count of 46.30M. Insiders hold about 8.45% of the company’s shares, while institutions hold 27.22% stake in the company. Shares short for NKLA as of 1722384000 were 9209630 with a Short Ratio of 2.72, compared to 1719532800 on 10331137. Therefore, it implies a Short% of Shares Outstanding of 9209630 and a Short% of Float of 19.040000000000003.
