Nikola Corp [NKLA] stock prices are up 12.28% to $0.74 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NKLA shares have gain 23.30% over the last week, with a monthly amount drifted -2.71%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Nikola Corp [NASDAQ: NKLA] stock has seen the most recent analyst activity on January 24, 2024, when Robert W. Baird initiated its Outperform rating and assigned the stock a price target of $2. Previously, TD Cowen downgraded its rating to Market Perform on May 10, 2023, and dropped its price target to $1. On March 31, 2023, downgrade downgraded it’s rating to Neutral. Morgan Stanley started tracking the stock assigning a Equal-Weight rating and suggested a price target of $3 on March 13, 2023. BTIG Research reiterated its recommendation of a Buy and reduced its price target to $5 on January 17, 2023. BTIG Research upgraded its rating to Buy for this stock on September 14, 2022, but kept the price target unchanged to $12. In a note dated February 25, 2022, RBC Capital Mkts reiterated an Sector Perform rating on this stock and revised its target price from $11 to $8.
The stock price of Nikola Corp [NKLA] has been fluctuating between $0.52 and $3.71 over the past year. Currently, Wall Street analysts expect the stock to reach $10 within the next 12 months. Nikola Corp [NASDAQ: NKLA] shares were valued at $0.74 at the most recent close of the market. An investor can expect a potential return of 1251.35% based on the average NKLA price forecast.
Analyzing the NKLA fundamentals
The Nikola Corp [NASDAQ:NKLA] reported sales of 36.28M for trailing twelve months, representing a surge of 75.71%. Gross Profit Margin for this corporation currently stands at -6.38% with Operating Profit Margin at -18.52%, Pretax Profit Margin comes in at -24.04%, and Net Profit Margin reading is -26.63%. To continue investigating profitability, this company’s Return on Assets is posted at -0.74, Equity is -1.62 and Total Capital is -0.64. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.35.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 0.6803 points at the first support level, and at 0.6169 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.7867, and for the 2nd resistance point, it is at 0.8297.
Nikola Corp [NKLA] reported earnings per share of -$0.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.02 and a surprise factor of 15.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.3 per share as compared to estimates of -$0.14 per share, a difference of -$0.16 representing a surprise of -114.30%.
Ratios To Look Out For
It’s worth pointing out that Nikola Corp [NASDAQ:NKLA]’s Current Ratio is 2.20. In addition, the Quick Ratio stands at 1.96 and the Cash Ratio stands at 1.79. Considering the valuation of this stock, the price to sales ratio is 27.38, the price to book ratio is 1.38.
Transactions by insiders
Recent insider trading involved Worthen Britton M., Chief Legal Officer, that happened on Mar 05 ’24 when 0.11 million shares were sold. Chief Human Resources Officer, Pike Joseph R. completed a deal on Mar 05 ’24 to sell 75162.0 shares. Meanwhile, Chief Operating Officer Chan Mary S sold 24627.0 shares on Mar 05 ’24.
