How Analysts Feel About Nikola Corporation (NKLA)?

As of Thursday close, Nikola Corporation’s (NASDAQ:NKLA) stock was up $0.47, moving up 6.28 percent to $7.95. The average number of shares traded per day over the past five days has been 14,123,881 shares. 5 times new highs have been achieved over the past 5 days, with a $1.57 gain in that time frame. In the last twenty days, the average volume was 8,306,955, while in the previous 50 days, it was 10,370,182.

Since last month, NKLA stock rose 53.47%. Shares of the company fell to $4.41 on 07/05/22, the lowest level in the past month. A 52-week high of $15.56 was reached on 03/30/22 after having rallying from a 52-week low of $4.41. Since the beginning of this year, NKLA’s stock price has dropped by -19.45% or -$1.92, and marked a new high 4 times. However, the stock has declined by -48.91% since its 52-week high.

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Nikola Corporation (NKLA) last reported insider trading activity 199 days ago on Jan 18. Koziner Pablo M., the President, Energy & Commercial of the company, disposed of 50,579 shares for $9.89 on Jan 18. It resulted in a $500,327 divestment by the insider. Koziner Pablo M. sold 10,054 shares at an average price of $9.27 on Dec 06. The insider now owns 501,628 shares following the transaction. On Nov 30, 10% Owner Milton Trevor R. sold 1,581,623 shares at $10.18 apiece. The transaction was valued at $16,100,922.

Valuation Metrics

The stock’s beta is 1.35. Besides these, the trailing price-to-sales (P/S) ratio of 1677.12, the price-to-book (PB) ratio of 5.30.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.04, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 22.80% percent.

In Nikola Corporation’s quarter-end financial report for March 30, it reported total debt of $25.05 million. NKLA’s revenue rose 100.0% during the quarter, while net income inched up to $1.89 million. While analysts expected Nikola Corporation to report -$0.27 quarterly earnings, the actual figure was -$0.21 per share, beating the consensus estimate by 22.20%. During the quarter, the company generated -$148.2 million in EBITDA. The liabilities of Nikola Corporation were 288.19 million at the end of its most recent quarter ended March 30, and its total debt was $28.09 million. The value of shareholders’ equity is $421.14 million.

Technical Picture

This quick technical analysis looks at Nikola Corporation’s (NKLA) price momentum. With a historical volatility rate of 55.18%, the RSI 9-day stood at 83.23% on 04 August.

With respect to its five-day moving average, the current Nikola Corporation price is up by +24.61% percent or $1.57. At present, NKLA shares trade +46.68% above its 20-day simple moving average and +5.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +27.20% above its SMA50 and -27.46% below its SMA200.

Stochastic coefficient K was 94.02% and Stochastic coefficient D was 89.48%, while ATR was 0.52. Given the Stochastic reading of 94.23% for the 14-day period, the RSI (14) reading has been calculated as 75.05%. As of today, the MACD Oscillator reading stands at 0.89, while the 14-day reading stands at 1.14.

Analyst Ratings

RBC Capital Mkts reiterated its a Sector perform rating on Nikola Corporation (NASDAQ: NKLA) in a note to investors. The analysts firm has however raised their price target to $8, representing a possible 27.73% increase in the stock price. Nikola Corporation (NKLA) has been rated Hold by analysts. According to 0 brokerage firms, NKLA is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nikola Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $9.00, the current consensus forecast for the stock is $7.00 – $20.00. Based on these forecasts, analysts predict Nikola Corporation (NKLA) will achieve an average price target of $10.69.


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