Nikola Corp [NASDAQ: NKLA] loss -2.44% on the last trading session, reaching $0.64 price per share at the time.
If compared to the average trading volume of 96.36M shares, NKLA reached a trading volume of 52501716 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Nikola Corp [NKLA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NKLA shares is $1.70 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NKLA stock is a recommendation set at 2.57. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Nikola Corp shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on April 09, 2024. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on January 24, 2024, representing the official price target for Nikola Corp stock. Previously, the target price had yet another drop from $5 to $1, while TD Cowen kept a Market Perform rating on NKLA stock.
The Average True Range (ATR) for Nikola Corp is set at 0.08, with the Price to Sales ratio for NKLA stock in the period of the last 12 months amounting to 23.70. The Price to Book ratio for the last quarter was 1.19, with the Price to Cash per share for the same quarter was set at 0.35.
Trading performance analysis for NKLA stock
Nikola Corp [NKLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -8.05. With this latest performance, NKLA shares gained by 2.27% in over the last four-week period, additionally sinking by -37.79% over the last 6 months – not to mention a drop of -29.24% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NKLA stock in for the last two-week period is set at 38.72, with the RSI for the last a single of trading hit 32.68, and the three-weeks RSI is set at 42.07 for Nikola Corp [NKLA]. The present Moving Average for the last 50 days of trading for this stock 0.7498, while it was recorded at 0.6532 for the last single week of trading, and 1.1395 for the last 200 days.
Nikola Corp [NKLA]: A deeper dive into fundamental analysis
Nikola Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.96 and a Current Ratio set at 2.20.
Nikola Corp [NKLA]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Nikola Corp posted -0.26/share EPS, while the average EPS was predicted by analysts to be reported at -0.26/share. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NKLA.
An analysis of Institutional ownership at Nikola Corp [NKLA]
The top three institutional holders of NKLA stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NKLA stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NKLA stock with ownership which is approximately 5.8386%.
