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The price of Nikola Corp (NASDAQ: NKLA) closed at $1.18 in the last session, down -3.28% from day before closing price of $1.22. In other words, the price has decreased by -$3.28 from its previous closing price. On the day, 10.23 million shares were traded. NKLA stock price reached its highest trading level at $1.29 during the session, while it also had its lowest trading level at $1.17.
Ratios:
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 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:
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 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 99672000 and an Enterprise Value of 224193120. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.32 while its Price-to-Book (P/B) ratio in mrq is 0.17. Its current Enterprise Value per Revenue stands at 2.968 whereas that against EBITDA is -0.45.
Stock Price History:
The Beta on a monthly basis for NKLA is 1.99, which has changed by -0.938349 over the last 52 weeks, in comparison to a change of 0.22263205 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 $1.08. The 50-Day Moving Average of the stock is -41.92%, while the 200-Day Moving Average is calculated to be -87.39%.
Shares Statistics:
According to the various share statistics, NKLA traded on average about 9.30M shares per day over the past 3-months and 19511260 shares per day over the past 10 days. A total of 84.47M shares are outstanding, with a floating share count of 80.99M. Insiders hold about 4.12% of the company’s shares, while institutions hold 17.60% stake in the company. Shares short for NKLA as of 1734048000 were 20843512 with a Short Ratio of 1.06, compared to 1731628800 on 12870272. Therefore, it implies a Short% of Shares Outstanding of 20843512 and a Short% of Float of 24.709999999999997.
Earnings Estimates
The market rating of Nikola Corp (NKLA) is currently shaped by the ongoing analysis conducted by 4.0 analysts closely monitoring its performance.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
According to 3 analysts, the current quarter’s revenue is expected to be $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.
