As of close of business last night, Nikola Corp’s stock clocked out at $0.70, down -2.33% from its previous closing price of $0.72. On the day, 133486630 shares were traded. NKLA stock price reached its highest trading level at $0.7890 during the session, while it also had its lowest trading level at $0.7000.
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 1.96 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.
On January 24, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $2.
TD Cowen Downgraded its Outperform to Market Perform on May 10, 2023, whereas the target price for the stock was revised from $5 to $1.
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 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 25.78 while its Price-to-Book (P/B) ratio in mrq is 1.30.
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.
Shares Statistics:
A total of 1.33B shares are outstanding, with a floating share count of 1.23B. Insiders hold about 7.55% of the company’s shares, while institutions hold 33.81% stake in the company.
Earnings Estimates
As of right now, Nikola Corporation analysts gave their recommendation on the stock of the company.
