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In the latest session, Nikola Corp (NASDAQ: NKLA) closed at $2.34 down -2.90% from its previous closing price of $2.41. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 8.57 million shares were traded. NKLA stock price reached its highest trading level at $2.57 during the session, while it also had its lowest trading level at $2.32.
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 Sep 04 ’24 when Okray Thomas B sold 1,396 shares for $6.18 per share. The transaction valued at 8,623 led to the insider holds 57,871 shares of the business.
Hoefelmann Dirk Ole sold 352 shares of NKLA for $2,174 on Sep 04 ’24. The President, Energy now owns 50,143 shares after completing the transaction at $6.18 per share. On Sep 04 ’24, another insider, Chan Mary S, who serves as the Chief Operating Officer of the company, sold 717 shares for $6.18 each. As a result, the insider received 4,429 and left with 66,757 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 142429008 and an Enterprise Value of 294798912. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 3.903 whereas that against EBITDA is -0.591.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $34.80, while it has fallen to a 52-week low of $2.16. The 50-Day Moving Average of the stock is -45.54%, while the 200-Day Moving Average is calculated to be -81.76%.
Shares Statistics:
For the past three months, NKLA has traded an average of 3.93M shares per day and 6380490 over the past ten days. A total of 60.87M shares are outstanding, with a floating share count of 56.23M. Insiders hold about 7.62% of the company’s shares, while institutions hold 24.56% stake in the company. Shares short for NKLA as of 1730332800 were 14706920 with a Short Ratio of 3.74, compared to 1727654400 on 15528691. Therefore, it implies a Short% of Shares Outstanding of 14706920 and a Short% of Float of 24.200001.
