A share price of Nikola Corp [NKLA] is currently trading at $8.44, up 8.21%. 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 6.57% over the last week, with a monthly amount drifted -15.52%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nikola Corp [NASDAQ: NKLA] stock has seen the most recent analyst activity on May 16, 2024, when Bryan Garnier initiated its Buy rating and assigned the stock a price target of $1. On January 24, 2024, Robert W. Baird initiated with a Outperform rating and assigned a price target of $2 on the stock. TD Cowen downgraded its rating to a Market Perform and decreased its price target to $1 on May 10, 2023. BTIG Research downgraded its rating to a Neutral. Morgan Stanley started tracking with a Equal-Weight rating for this stock on March 13, 2023, and assigned it a price target of $3. In a note dated January 17, 2023, BTIG Research reiterated an Buy rating on this stock and revised its target price from $7 to $5.
Nikola Corp experienced fluctuations in its stock price throughout the past year between $7.02 and $66.00. Currently, Wall Street analysts expect the stock to reach $9.57 within the next 12 months. Nikola Corp [NASDAQ: NKLA] shares were valued at $8.44 at the most recent close of the market. An investor can expect a potential return of 13.39% based on the average NKLA price forecast.
Analyzing the NKLA fundamentals
Trailing Twelve Months sales for Nikola Corp [NASDAQ:NKLA] were 48.62M which represents 103.87% growth. Gross Profit Margin for this corporation currently stands at -6.05% with Operating Profit Margin at -12.89%, Pretax Profit Margin comes in at -17.67%, and Net Profit Margin reading is -17.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.78, Equity is -1.41 and Total Capital is -0.76. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
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 7.42 points at the first support level, and at 6.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 9.60, and for the 2nd resistance point, it is at 10.77.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nikola Corp [NASDAQ:NKLA] is 1.53. In addition, the Quick Ratio stands at 1.24 and the Cash Ratio stands at 0.95. Considering the valuation of this stock, the price to sales ratio is 7.85, the price to book ratio is 0.78.
Transactions by insiders
Recent insider trading involved Girsky Stephen J, Officer, that happened on Aug 06 ’24 when 4636.0 shares were purchased. Chief Executive Officer, Girsky Stephen J completed a deal on Aug 06 ’24 to sell 4636.0 shares. Meanwhile, President, Energy Hoefelmann Dirk Ole sold 17030.0 shares on Jun 04 ’24.
