Value gained By Nikola Corporation (NKLA) In The Past Week: $11.48

Nikola Corporation (NASDAQ:NKLA) finished Wednesday with a subtraction of -$0.01 to close at $11.35, a downside of -0.09 percent. An average of 6,974,200 shares of common stock have been traded in the last five days. There was a gain of $1.14 in the past week. The last 20 days have seen an average of 9,368,685 shares traded, while the 50-day average volume stands at 11,866,556.

NKLA stock has increased by 14.53% in the last month. The company shares reached their 1-month lowest point of $9.56 on 09/15/21. 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 -70.09% from the 52-week high.

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Insider Transactions

37 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 31.09 for the sector. The stock’s beta is 0.63. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 123251.80, the price-to-book (PB) ratio at 5.23.

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 13 October was 63.73%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.28%.

As of today, NKLA’s price is $10.92 +11.17% or $1.14 from its 5-day moving average. NKLA is currently trading +16.29% higher than its 20-day SMA and -5.26% lower than its 100-day SMA. However, the stock’s current price level is +11.17% above the SMA50 and -30.81% below the SMA200.

The stochastic %K and %D were 50.91% and 41.47%, respectively, and the average true range (ATR) was 0.60. With the 14-day stochastic at 61.92% and the average true range at 0.62, the RSI (14) stands at 58.18%. The stock has reached 0.45 on the 9-day MACD Oscillator while the 14-day reading was at 0.26.

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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