Nikola Corp [NKLA] stock prices are down -10.30% to $0.54 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NKLA shares have gain 22.21% over the last week, with a monthly amount drifted -55.98%, and not 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.
The stock price of Nikola Corp [NKLA] has been fluctuating between $0.43 and $34.50 over the past year. Currently, Wall Street analysts expect the stock to reach $177.67 within the next 12 months. Nikola Corp [NASDAQ: NKLA] shares were valued at $0.54 at the most recent close of the market. An investor can expect a potential return of 32801.85% based on the average NKLA price forecast.
Analyzing the NKLA fundamentals
The Nikola Corp [NASDAQ:NKLA] reported sales of 75.53M for trailing twelve months, representing a surge 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.93.
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 0.5071 points at the first support level, and at 0.4726 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.6080, and for the 2nd resistance point, it is at 0.6744.
Ratios To Look Out For
It’s worth pointing out that Nikola Corp [NASDAQ:NKLA]’s Current Ratio is 1.17. Further, the Quick Ratio stands at 0.89, while the Cash Ratio is 0.6. Considering the valuation of this stock, the price to sales ratio is 0.61, the price to book ratio is 0.08.
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.
