Nikola Corporation (NASDAQ:NKLA) saw an upside of 9.52% to close Monday at $2.76 after adding $0.24 on the day. The 5-day average trading volume is 10,459,040 shares of the company’s common stock. It has gained $2.79 in the past week and touched a new high 3 times within the past 5 days. An average of 9,879,285 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 10,780,762.
NKLA’s 1-month performance is 22.12% or $0.14 on its low of $2.10 reached on 01/06/23. The company’s shares have touched a 52-week low of $2.01 and high of $11.87, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, NKLA has achieved 27.78% or $0.60 and has reached a new high 9 times. However, the current price is down -76.75% from the 52-week high price.
NKLA stock investors last saw insider trading activity on Dec 30.RUSSELL MARK A (Director) most recently sold 75,000 shares at $2.21 per share on Dec 30. This transaction cost the insider $165,891. Director, RUSSELL MARK A, sold 75,000 shares at a price of $2.34 on Dec 29. Then, on Dec 28, Director RUSSELL MARK A sold 75,000 shares at a price of $2.31 per share. This transaction amounted to $173,104.
NKLA stock has a beta of 1.44. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 30.28 while the price-to-book (PB) in the most recent quarter is 2.14.
As well, the company’s long term debt to equity for the quarter ending September 29 was 0.50, while the total debt to equity was 0.53.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -13.27% to -$236.23 million, while revenue of -$173.0 million was 26.77% off the previous quarter. Analysts expected NKLA to announce -$0.39 per share in earnings in its latest quarter, but it posted -$0.28, representing a 28.20% surprise. EBITDA for the quarter stood at more than -$222.92 million. NKLA stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 595.4 million, with total debt at $303.02 million. Shareholders hold equity totaling $478.85 million.
Let’s look briefly at Nikola Corporation (NKLA) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 66.74% to suggest the stock is trending Neutral, with historical volatility in this time period at 63.83%.
The stock’s 5-day moving average is $2.55, reflecting a +8.24% or $0.21 change from its current price. NKLA is currently trading +12.65% above its 20-day SMA, -53.77% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -2.13% and SMA200 by-72.40%.
Stochastic %K and %D was 70.69% and 65.55% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 60.30%, while the 14-day stochastic is at 95.65% with the period’s ATR at 0.20. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 0.15 on the 14-day charts.
In the most recent analyst report for Nikola Corporation (NASDAQ: NKLA), BTIG Research reiterated its a Buy rating for the company but lifted their price target by $7 to $5. Analysts offering their rating for NKLA stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate NKLA as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.
What is NKLA’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $2.50 and a high of $15.00, with their median price target at $5.00. Looking at these predictions, the average price target given by analysts is for Nikola Corporation (NKLA) stock is $6.19.