The price of Nikola Corp (NASDAQ: NKLA) closed at $0.66 in the last session, up 1.89% from day before closing price of $0.65. In other words, the price has increased by $+0.0123 from its previous closing price. On the day, 63206323 shares were traded. NKLA stock price reached its highest trading level at $0.6680 during the session, while it also had its lowest trading level at $0.6250.
Ratios:
We take a closer look at NKLA’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 05 ’24 when Worthen Britton M. sold 109,980 shares for $0.68 per share. The transaction valued at 74,852 led to the insider holds 647,449 shares of the business.
Pike Joseph R. sold 75,162 shares of NKLA for $51,155 on Mar 05 ’24. The Chief Human Resources Officer now owns 429,790 shares after completing the transaction at $0.68 per share. On Mar 05 ’24, another insider, Chan Mary S, who serves as the Chief Operating Officer of the company, sold 24,627 shares for $0.68 each. As a result, the insider received 16,761 and left with 546,230 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 884.18M and an Enterprise Value of 704.32M. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.38 while its Price-to-Book (P/B) ratio in mrq is 1.22. Its current Enterprise Value per Revenue stands at 19.65 whereas that against EBITDA is -0.96.
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 0.6932, while the 200-Day Moving Average is calculated to be 1.1667.
Shares Statistics:
According to the various share statistics, NKLA traded on average about 90.48M shares per day over the past 3-months and 74.18M shares per day over the past 10 days. A total of 1.33B shares are outstanding, with a floating share count of 1.22B. Insiders hold about 8.71% of the company’s shares, while institutions hold 33.80% stake in the company. Shares short for NKLA as of Feb 29, 2024 were 216.73M with a Short Ratio of 2.40, compared to 217.46M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 16.23% and a Short% of Float of 16.78%.
Earnings Estimates
The company has 6 analysts who recommend its stock at the moment. 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 6 analysts recommending between -$0.27 and -$0.35.
Revenue Estimates
According to 6 analysts, the current quarter’s revenue is expected to be $13.35M. 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 20.10% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $23.9M, an increase of 54.90% over than the figure of $20.10% 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 6 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 $169.72M. In the same quarter a year ago, actual revenue was $35.84M, up 373.60% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $488.24M 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 187.70% from the average revenue estimate for this year.
