Nikola Corp [NKLA] stock is trading at $1.34, up 10.74%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NKLA shares have gain 13.56% over the last week, with a monthly amount glided 13.56%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nikola Corp [NASDAQ: NKLA] stock has seen the most recent analyst activity on November 07, 2024, when Bryan Garnier downgraded its rating to a Neutral. Previously, Bryan Garnier started tracking the stock with Buy rating on May 16, 2024, and set its price target to $1. On April 09, 2024, Wolfe Research initiated with a Peer Perform rating. Robert W. Baird started tracking the stock assigning a Outperform rating and suggested a price target of $2 on January 24, 2024. TD Cowen downgraded its rating to a Market Perform and reduced its price target to $1 on May 10, 2023. BTIG Research downgraded its rating to Neutral for this stock on March 31, 2023. In a note dated March 13, 2023, Morgan Stanley initiated an Equal-Weight rating and provided a target price of $3 on this stock.
Nikola Corp [NKLA] stock has fluctuated between $1.07 and $34.50 over the past year. Currently, Wall Street analysts expect the stock to reach $12 within the next 12 months. Nikola Corp [NASDAQ: NKLA] shares were valued at $1.34 at the most recent close of the market. An investor can expect a potential return of 795.52% based on the average NKLA price forecast.
Analyzing the NKLA fundamentals
Nikola Corp [NASDAQ:NKLA] reported sales of 75.53M for the trailing twelve months, which represents a growth of 1553.87%. Gross Profit Margin for this corporation currently stands at -3.05% with Operating Profit Margin at -7.67%, Pretax Profit Margin comes in at -8.39%, and Net Profit Margin reading is -8.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.61, Equity is -1.15 and Total Capital is -0.83. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.93.
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 1.2400 points at the first support level, and at 1.1400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.4200, and for the 2nd resistance point, it is at 1.5000.
Ratios To Look Out For
For context, Nikola Corp’s Current Ratio is 1.17. Also, the Quick Ratio is 0.89, while the Cash Ratio stands at 0.6. Considering the valuation of this stock, the price to sales ratio is 1.50, the price to book ratio is 0.20.
Transactions by insiders
Recent insider trading involved Hoefelmann Dirk Ole, President, Energy, that happened on Dec 04 ’24 when 546.0 shares were sold. Officer, Hoefelmann Dirk Ole completed a deal on Dec 04 ’24 to buy 546.0 shares. Meanwhile, Chief Financial Officer Okray Thomas B sold 1396.0 shares on Sep 04 ’24.
