Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The closing price of Nikola Corp (NASDAQ: NKLA) was $0.38 for the day, down -13.66% from the previous closing price of $0.44. In other words, the price has decreased by -$13.66 from its previous closing price. On the day, 30.61 million shares were traded.
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 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:
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 Dec 04 ’24 when Hoefelmann Dirk Ole sold 546 shares for $1.68 per share. The transaction valued at 918 led to the insider holds 49,597 shares of the business.
Hoefelmann Dirk Ole bought 546 shares of NKLA for $918 on Dec 04 ’24. On Sep 04 ’24, another insider, Okray Thomas B, who serves as the Chief Financial Officer of the company, sold 1,396 shares for $6.18 each. As a result, the insider received 8,623 and left with 57,871 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.42 while its Price-to-Book (P/B) ratio in mrq is 0.06.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $34.50, while it has fallen to a 52-week low of $0.35. The 50-Day Moving Average of the stock is -63.25%, while the 200-Day Moving Average is calculated to be -93.91%.
Shares Statistics:
A total of 84.47M shares are outstanding, with a floating share count of 81.73M. Insiders hold about 3.24% of the company’s shares, while institutions hold 36.56% stake in the company.
