The closing price of Nikola Corp (NASDAQ: NKLA) was $0.97 for the day, down -5.48% from the previous closing price of $1.03. In other words, the price has decreased by -$0.0564 from its previous closing price. On the day, 188038499 shares were traded. NKLA stock price reached its highest trading level at $1.0100 during the session, while it also had its lowest trading level at $0.8615.
Ratios:
Our analysis of NKLA’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 1.30B and an Enterprise Value of 1.12B. For the stock, the TTM Price-to-Sale (P/S) ratio is 35.84 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 31.26 whereas that against EBITDA is -1.52.
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 0.7238, while the 200-Day Moving Average is calculated to be 1.1710.
Shares Statistics:
NKLA traded an average of 93.87M shares per day over the past three months and 121.08M shares per day over the past ten 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 Mar 15, 2024 were 252.38M with a Short Ratio of 2.69, compared to 229.65M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 18.90% and a Short% of Float of 19.54%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. 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
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. 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 $27.93M 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.
