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In the latest session, Nikola Corp (NASDAQ: NKLA) closed at $3.02 down -1.95% from its previous closing price of $3.08. In other words, the price has decreased by -$1.95 from its previous closing price. On the day, 2.93 million shares were traded. NKLA stock price reached its highest trading level at $3.14 during the session, while it also had its lowest trading level at $2.98.
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 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:
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 Sep 04 ’24 when Okray Thomas B sold 1,396 shares for $6.18 per share. The transaction valued at 8,623 led to the insider holds 57,871 shares of the business.
Hoefelmann Dirk Ole sold 352 shares of NKLA for $2,174 on Sep 04 ’24. The President, Energy now owns 50,143 shares after completing the transaction at $6.18 per share. On Sep 04 ’24, another insider, Chan Mary S, who serves as the Chief Operating Officer of the company, sold 717 shares for $6.18 each. As a result, the insider received 4,429 and left with 66,757 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 183818640 and an Enterprise Value of 336188512. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.39 while its Price-to-Book (P/B) ratio in mrq is 0.44. Its current Enterprise Value per Revenue stands at 4.451 whereas that against EBITDA is -0.674.
Stock Price History:
Over the past 52 weeks, NKLA has reached a high of $34.80, while it has fallen to a 52-week low of $2.91. The 50-Day Moving Average of the stock is -34.41%, while the 200-Day Moving Average is calculated to be -77.33%.
Shares Statistics:
For the past three months, NKLA has traded an average of 3.68M shares per day and 6329750 over the past ten days. A total of 60.87M shares are outstanding, with a floating share count of 56.23M. Insiders hold about 7.62% of the company’s shares, while institutions hold 22.26% stake in the company. Shares short for NKLA as of 1728950400 were 13026410 with a Short Ratio of 3.54, compared to 1726185600 on 14706929. Therefore, it implies a Short% of Shares Outstanding of 13026410 and a Short% of Float of 23.61.
