After finishing at $0.76 in the prior trading day, Nikola Corp (NASDAQ: NKLA) closed at $0.72, down -5.43%. In other words, the price has decreased by -$0.0415 from its previous closing price. On the day, 89147122 shares were traded. NKLA stock price reached its highest trading level at $0.7850 during the session, while it also had its lowest trading level at $0.7106.
Ratios:
Our goal is to gain a better understanding of NKLA by taking a closer look at its different ratios. 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 0.39 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:
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 Sep 06 when Pasterick Anastasiya sold 6,709 shares for $1.12 per share. The transaction valued at 7,521 led to the insider holds 167,777 shares of the business.
Worthen Britton M. sold 121,404 shares of NKLA for $237,709 on Aug 10. The Chief Legal Officer now owns 757,429 shares after completing the transaction at $1.96 per share. On Aug 10, another insider, Pike Joseph R., who serves as the Chief Human Resources Officer of the company, sold 80,937 shares for $1.96 each. As a result, the insider received 158,475 and left with 504,952 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 884.78M and an Enterprise Value of 1.23B. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.06 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 19.62 whereas that against EBITDA is -0.95.
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 0.7564, while the 200-Day Moving Average is calculated to be 1.1692.
Shares Statistics:
The stock has traded on average 103.62M shares per day over the past 3-months and 88.17M shares per day over the last 10 days, according to various share statistics. A total of 1.16B shares are outstanding, with a floating share count of 1.06B. Insiders hold about 8.60% of the company’s shares, while institutions hold 38.95% stake in the company. Shares short for NKLA as of Jan 31, 2024 were 217.46M with a Short Ratio of 2.10, compared to 169.02M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 18.79% and a Short% of Float of 19.53%.
Earnings Estimates
Its stock is currently analyzed by 7 different market analysts. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.13, while EPS last year was -$0.26. The consensus estimate for the next quarter is -$0.1, with high estimates of -$0.06 and low estimates of -$0.13.
Analysts are recommending an EPS of between -$0.21 and -$0.45 for the fiscal current year, implying an average EPS of -$0.37. EPS for the following year is -$0.31, with 7 analysts recommending between -$0.2 and -$0.46.
Revenue Estimates
7 analysts predict $18.51M in revenue for the current quarter. It ranges from a high estimate of $38.8M 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 66.50% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $31.91M, an increase of 106.80% over than the figure of $66.50% in the same quarter last year. There is a high estimate of $51.8M for the next quarter, whereas the lowest estimate is $17.6M.
A total of 7 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $269M, while the lowest revenue estimate was $146.3M, resulting in an average revenue estimate of $189.63M. In the same quarter a year ago, actual revenue was $35.84M, up 429.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $509.6M in the next fiscal year. The high estimate is $618.5M and the low estimate is $415.7M. The average revenue growth estimate for next year is up 168.70% from the average revenue estimate for this year.
