Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Nikola Corp’s stock clocked out at $1.22, down -9.33% from its previous closing price of $1.34. In other words, the price has decreased by -$9.33 from its previous closing price. On the day, 9.06 million shares were traded. NKLA stock price reached its highest trading level at $1.35 during the session, while it also had its lowest trading level at $1.2.
Ratios:
To gain a deeper understanding of NKLA’s stock, we examine its different 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
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 102628376 and an Enterprise Value of 226323472. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.36 while its Price-to-Book (P/B) ratio in mrq is 0.18. Its current Enterprise Value per Revenue stands at 2.997 whereas that against EBITDA is -0.454.
Stock Price History:
The Beta on a monthly basis for NKLA is 2.00, which has changed by -0.9355459 over the last 52 weeks, in comparison to a change of 0.23171377 over the same period for the S&P500. Over the past 52 weeks, NKLA has reached a high of $34.50, while it has fallen to a 52-week low of $1.07. The 50-Day Moving Average of the stock is -29.40%, while the 200-Day Moving Average is calculated to be -85.78%.
Shares Statistics:
It appears that NKLA traded 10.31M shares on average per day over the past three months and 17236770 shares per day over the past ten days. A total of 84.47M shares are outstanding, with a floating share count of 81.96M. Insiders hold about 2.97% of the company’s shares, while institutions hold 17.56% stake in the company. Shares short for NKLA as of 1735603200 were 9858758 with a Short Ratio of 0.96, compared to 1732838400 on 13509106. Therefore, it implies a Short% of Shares Outstanding of 9858758 and a Short% of Float of 11.690000000000001.
Earnings Estimates
The dynamic stock of Nikola Corp (NKLA) is currently attracting attention from 4.0 analysts actively involved in rating its market status.The consensus estimate for the next quarter is -$1.73, with high estimates of -$1.42 and low estimates of -$1.93.
Analysts are recommending an EPS of between -$7.55 and -$10.39 for the fiscal current year, implying an average EPS of -$9.53. EPS for the following year is -$6.94, with 6.0 analysts recommending between -$5.13 and -$8.82.
Revenue Estimates
In the current quarter, 3 analysts expect revenue to total $40.86M. It ranges from a high estimate of $44.7M to a low estimate of $37.3M. As of the current estimate, Nikola Corp’s year-ago sales were $11.53MFor the next quarter, 3 analysts are estimating revenue of $56.58M. There is a high estimate of $77M for the next quarter, whereas the lowest estimate is $42.84M.
A total of 6 analysts have provided revenue estimates for NKLA’s current fiscal year. The highest revenue estimate was $124M, while the lowest revenue estimate was $101.3M, resulting in an average revenue estimate of $111.97M. In the same quarter a year ago, actual revenue was $35.84MBased on 6 analysts’ estimates, the company’s revenue will be $354.12M in the next fiscal year. The high estimate is $434.13M and the low estimate is $255.7M.
