You Should Know These Things About Nikola Corporation (NKLA)


As of Wednesday close, Nikola Corporation’s (NASDAQ:NKLA) stock was up $0.08, moving up 3.48 percent to $2.38. The average number of shares traded per day over the past five days has been 12,162,739 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.61 fall in that time frame. In the last twenty days, the average volume was 13,867,080, while in the previous 50 days, it was 13,496,470.

Since last month, NKLA stock retreated -23.47%. Shares of the company fell to $2.27 on 11/22/22, the lowest level in the past month. A 52-week high of $12.14 was reached on 03/30/22 after having rallying from a 52-week low of $2.27. Since the beginning of this year, NKLA’s stock price has dropped by -75.89% or -$7.49, and marked a new high 4 times. However, the stock has declined by -80.40% since its 52-week high.

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NKLA stock investors should be aware that Nikola Corporation (NKLA) stock had its last reported insider trading activity 3 days ago on Nov 22. RUSSELL MARK A, the Director of the company, disposed of 75,000 shares for $2.34 on Nov 22. It resulted in a $175,578 divestment by the insider. RUSSELL MARK A sold 75,000 shares at an average price of $2.57 on Nov 21. The insider now owns 2,812,346 shares following the transaction. On Nov 18, Director RUSSELL MARK A sold 75,000 shares at $2.78 apiece. The transaction was valued at $208,130.

Valuation Metrics

The stock’s beta is 1.49. Besides these, the trailing price-to-sales (P/S) ratio of 26.95, the price-to-book (PB) ratio of 1.84.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.50, and the total debt-to-equity ratio was 0.53.

In Nikola Corporation’s quarter-end financial report for June 29, it reported total debt of $283.26 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NKLA’s revenue rose 100.0% to $18.13 million during the quarter, while net income inched up to $24.24 million. While analysts expected Nikola Corporation to report -$0.28 quarterly earnings, the actual figure was -$0.25 per share, beating the consensus estimate by 10.70%. During the quarter, the company generated -$222.92 million in EBITDA. The liabilities of Nikola Corporation were 595.4 million at the end of its most recent quarter ended June 29, and its total debt was $285.18 million. The value of shareholders’ equity is $478.85 million.

Technical Picture

This quick technical analysis looks at Nikola Corporation’s (NKLA) price momentum. With a historical volatility rate of 85.89%, the RSI 9-day stood at 31.72% on 23 November.

With respect to its five-day moving average, the current Nikola Corporation price is down by -20.40% percent or -$0.61. At present, NKLA shares trade -24.20% below its 20-day simple moving average and -54.14% percent below its 100-day simple moving average. However, the stock is currently trading approximately -55.68% below its SMA50 and -69.25% below its SMA200.

Stochastic coefficient K was 5.49% and Stochastic coefficient D was 8.68%, while ATR was 0.25. Given the Stochastic reading of 11.83% for the 14-day period, the RSI (14) reading has been calculated as 34.51%. As of today, the MACD Oscillator reading stands at -0.37, while the 14-day reading stands at -0.37.

Analyst Ratings

BTIG Research upgraded its rating on Nikola Corporation (NASDAQ: NKLA) to a Buy in a note to investors on September 14, 2022. The analysts firm previously had a Neutral rating on the stock.Nikola Corporation (NKLA) has been rated Hold by analysts. According to 1 brokerage firm, NKLA is a sell, and 6 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 3 recommending it as overweight.

With a median target price of $5.50, the current consensus forecast for the stock is $2.50 – $15.00. Based on these forecasts, analysts predict Nikola Corporation (NKLA) will achieve an average price target of $6.44.


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