Ratios Uncovered: Breaking Down Nikola Corp (NKLA)’s Trailing Twelve Months Metrics

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The price of Nikola Corp (NASDAQ: NKLA) closed at $0.51 in the last session, down -1.37% from day before closing price of $0.52. In other words, the price has decreased by -$1.37 from its previous closing price. On the day, 54.78 million shares were traded. NKLA stock price reached its highest trading level at $0.5298 during the session, while it also had its lowest trading level at $0.5042.


We take a closer look at NKLA’s different ratios to gain a better understanding of the stock. 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:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 20 ’24 when Girsky Stephen J bought 1,000,000 shares for $0.54 per share. The transaction valued at 540,000 led to the insider holds 7,243,005 shares of the business.

Worthen Britton M. sold 109,980 shares of NKLA for $74,852 on Mar 05 ’24. The Chief Legal Officer now owns 647,449 shares after completing the transaction at $0.68 per share. On Mar 05 ’24, another insider, Pike Joseph R., who serves as the Chief Human Resources Officer of the company, sold 75,162 shares for $0.68 each. As a result, the insider received 51,155 and left with 429,790 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 694417984 and an Enterprise Value of 626967616. For the stock, the TTM Price-to-Sale (P/S) ratio is 21.26 while its Price-to-Book (P/B) ratio in mrq is 1.17. Its current Enterprise Value per Revenue stands at 19.197 whereas that against EBITDA is -1.047.

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 $0.49. The 50-Day Moving Average of the stock is -25.00%, while the 200-Day Moving Average is calculated to be -43.81%.

Shares Statistics:

According to the various share statistics, NKLA traded on average about 93.69M shares per day over the past 3-months and 75109890 shares per day over the past 10 days. A total of 1.33B shares are outstanding, with a floating share count of 1.24B. Insiders hold about 8.59% of the company’s shares, while institutions hold 32.24% stake in the company. Shares short for NKLA as of 1715731200 were 246448237 with a Short Ratio of 2.63, compared to 1713139200 on 214816503. Therefore, it implies a Short% of Shares Outstanding of 246448237 and a Short% of Float of 18.21.

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