Ratio Examination: Nikola Corp (NKLA)’s Price-to-Cash and Price-to-Free Cash Flow

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In the latest session, Nikola Corp (NASDAQ: NKLA) closed at $0.36 up 8.37% from its previous closing price of $0.33. In other words, the price has increased by $8.37 from its previous closing price. On the day, 192.49 million shares were traded. NKLA stock price reached its highest trading level at $0.392 during the session, while it also had its lowest trading level at $0.3311.

Ratios:

For a deeper understanding of Nikola Corp’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.46 and its Current Ratio is at 1.73. In the meantime, Its Debt-to-Equity ratio is 0.48 whereas as Long-Term Debt/Eq ratio is at 0.47.

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, Bryan Garnier on May 16, 2024, initiated with a Buy rating and assigned the stock a target price of $1.

On January 24, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $2.Robert W. Baird initiated its Outperform rating on January 24, 2024, with a $2 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 04 ’24 when Hoefelmann Dirk Ole sold 17,030 shares for $0.51 per share. The transaction valued at 8,709 led to the insider holds 1,514,870 shares of the business.

Girsky Stephen J bought 1,000,000 shares of NKLA for $540,000 on May 20 ’24. The Chief Executive Officer now owns 7,243,005 shares after completing the transaction at $0.54 per share. On Mar 05 ’24, another insider, Worthen Britton M., who serves as the Chief Legal Officer of the company, sold 109,980 shares for $0.68 each. As a result, the insider received 74,852 and left with 647,449 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 484559648 and an Enterprise Value of 417109120. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.84 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 12.772 whereas that against EBITDA is -0.696.

Stock Price History:

The Beta on a monthly basis for NKLA is 2.09, which has changed by -0.67545456 over the last 52 weeks, in comparison to a change of 0.26238096 over the same period for the S&P500. Over the past 52 weeks, NKLA has reached a high of $3.71, while it has fallen to a 52-week low of $0.32. The 50-Day Moving Average of the stock is -37.73%, while the 200-Day Moving Average is calculated to be -57.59%.

Shares Statistics:

For the past three months, NKLA has traded an average of 91.89M shares per day and 90010540 over the past ten days. A total of 1.33B shares are outstanding, with a floating share count of 1.24B. Insiders hold about 8.46% of the company’s shares, while institutions hold 32.26% stake in the company. Shares short for NKLA as of 1715731200 were 246448237 with a Short Ratio of 2.91, compared to 1713139200 on 214816503. Therefore, it implies a Short% of Shares Outstanding of 246448237 and a Short% of Float of 18.21.

Earnings Estimates

The current market rating for Nikola Corp (NKLA) reflects the collective analysis of 5.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.08 and a low estimate of -$0.1, while EPS last year was -$0.2. The consensus estimate for the next quarter is -$0.09, with high estimates of -$0.07 and low estimates of -$0.1.

Analysts are recommending an EPS of between -$0.32 and -$0.38 for the fiscal current year, implying an average EPS of -$0.36. EPS for the following year is -$0.29, with 6.0 analysts recommending between -$0.24 and -$0.36.

Revenue Estimates

A total of 6 analysts believe the company’s revenue will be $21.35M this quarter.It ranges from a high estimate of $23.05M to a low estimate of $18.6M. As of the current estimate, Nikola Corp’s year-ago sales were $15.43MFor the next quarter, 6 analysts are estimating revenue of $35.99M. There is a high estimate of $45.82M for the next quarter, whereas the lowest estimate is $29M.

A total of 7 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $144.3M, while the lowest revenue estimate was $114M, resulting in an average revenue estimate of $121.54M. In the same quarter a year ago, actual revenue was $35.84MBased on 7 analysts’ estimates, the company’s revenue will be $428.04M in the next fiscal year. The high estimate is $549.4M and the low estimate is $326.2M.

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