For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $0.66 in the prior trading day, Nikola Corp (NASDAQ: NKLA) closed at $0.64, down -2.44%. In other words, the price has decreased by -$2.44 from its previous closing price. On the day, 52.5 million shares were traded. NKLA stock price reached its highest trading level at $0.6799 during the session, while it also had its lowest trading level at $0.6401.
Ratios:
Our goal is to gain a better understanding of NKLA by taking a closer look at its different ratios. 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.
On January 24, 2024, Robert W. Baird started tracking the stock assigning a Outperform rating and target price of $2.
TD Cowen Downgraded its Outperform to Market Perform on May 10, 2023, whereas the target price for the stock was revised from $5 to $1.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 860005696 and an Enterprise Value of 678505600. For the stock, the TTM Price-to-Sale (P/S) ratio is 23.70 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 18.932 whereas that against EBITDA is -1.16.
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 -14.22%, while the 200-Day Moving Average is calculated to be -43.69%.
Shares Statistics:
The stock has traded on average 96.36M shares per day over the past 3-months and 101340620 shares per day over the last 10 days, according to various share statistics. A total of 1.33B shares are outstanding, with a floating share count of 1.23B. Insiders hold about 7.56% of the company’s shares, while institutions hold 33.83% stake in the company. Shares short for NKLA as of 1711584000 were 239054621 with a Short Ratio of 2.48, compared to 1709164800 on 216731474. Therefore, it implies a Short% of Shares Outstanding of 239054621 and a Short% of Float of 18.509999999999998.
Earnings Estimates
The company has Nikola Corporation analysts who recommend its stock at the moment.
