How Much Dividend Does Nikola Corporation (NKLA) Pay?

Nikola Corporation (NASDAQ:NKLA) traded with a subtraction of -$0.01 to $10.11 on Wednesday, a downside of -0.05 percent. An average of 6,588,414 shares of common stock have been traded in the last five days. There was a fall of -$0.69 in the past week. The last 20 days have seen an average of 10,068,894 shares traded, while the 50-day average volume stands at 13,085,565.

NKLA stock has decreased by -3.25% in the last month. The company shares reached their 1-month lowest point of $9.52 on 09/13/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $9.02 and a high of $37.95 in 52 weeks. In spite of this, the price is down -73.35% from the 52-week high.

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Insider Transactions

29 days have passed since Nikola Corporation (NKLA) last reported insider trading activity. Koziner Pablo M., who is President, Energy & Commercial, most recently acquired $8,511 shares at $10.63 per share on Sep 07. In this transaction, the insider spent $90,438. 10% Owner, Milton Trevor R., disposed of 1,259,890 shares at a price of $10.00 on Aug 12. The insider now owns more than $12,598,900 worth of shares. Prior to that, 10% Owner Milton Trevor R. went on to Sale 4,245,144 shares at $10.04 each on Aug 11. An amount of $42,621,246 was transacted.

Valuation Metrics

Nikola Corporation (NKLA) has a trailing price-to-earnings (P/E) ratio of 15.45 for the broader industry and 19.83 for the sector. This means investors are optimistic about the stock’s future prospects. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 110515.87, the price-to-book (PB) ratio at 4.66.

Financial Health

Further, the company has a long term debt to equity ratio of 0.02 and a total debt to equity ratio of 0.02 for the quarter ending June 29. Nikola Corporation’s EBITDA margin for the year ending June 29 is -355398.95%. Its gross profit as reported stood at $23000.0 compared to revenue of $95000.0.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nikola Corporation’s return on assets was -46.70%. For the broader industry, ROE averaged 10.14 over the past year.

Earnings Surprise

The analyst consensus anticipated Nikola Corporation’s latest quarter earnings to come in at -$0.29 per share, but it turned out to be -$0.2, a 31.00% surprise. For the quarter, EBITDA amounted to -$136.49 million. Shareholders own equity worth $398.25 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nikola Corporation (NKLA) price momentum. RSI 9-day as of the close on 05 October was 35.83%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.44%.

As of today, NKLA’s price is $10.30 -6.50% or -$0.69 from its 5-day moving average. NKLA is currently trading -0.30% lower than its 20-day SMA and -18.15% lower than its 100-day SMA. However, the stock’s current price level is -25.02% below the SMA50 and -41.92% below the SMA200.

The stochastic %K and %D were 14.49% and 25.29%, respectively, and the average true range (ATR) was 0.58. With the 14-day stochastic at 2.09% and the average true range at 0.62, the RSI (14) stands at 41.04%. The stock has reached -0.67 on the 9-day MACD Oscillator while the 14-day reading was at -0.73.

Analyst Ratings

DA Davidson launched coverage on Nikola Corporation (NASDAQ: NKLA) in its analyst report released on August 11, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for Nikola Corporation (NKLA) among analysts is Hold. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NKLA, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 2 others rate it as a “buy”.

What is NKLA’s price target for the next 12 months?

Analysts predict a range of price targets between $9.00 and $24.00, with a median target of $13.00. Taking a look at these predictions, the average price target given by analysts for Nikola Corporation (NKLA) stock is $13.75.


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