Nikola Corp [NASDAQ: NKLA] closed the trading session at $3.29.
The stocks have a year to date performance of -87.46 percent and weekly performance of -38.04 percent. The stock has been moved at -82.79 percent over the last six months. The stock has performed -34.59 percent around the most recent 30 days and changed -56.77 percent over the most recent 3-months.
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If compared to the average trading volume of 3.44M shares, NKLA reached to a volume of 10016485 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $13.50 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 2.50. 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.
Bryan Garnier have made an estimate for Nikola Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 16, 2024. While these analysts kept the previous recommendation, Wolfe Research raised their target price to Peer Perform. The new note on the price target was released on April 09, 2024, representing the official price target for Nikola Corp stock. Previously, the target price had yet another raise to $2, while Robert W. Baird analysts kept a Outperform rating on NKLA stock. On May 10, 2023, analysts decreased their price target for NKLA shares from 5 to 1.
The Average True Range (ATR) for Nikola Corp is set at 0.43, with the Price to Sales ratio for NKLA stock in the period of the last 12 months amounting to 2.53. The Price to Book ratio for the last quarter was 0.48, with the Price to Cash per share for the same quarter was set at 3.47.
NKLA stock trade performance evaluation
Nikola Corp [NKLA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -38.04. With this latest performance, NKLA shares dropped by -34.59% in over the last four-week period, additionally sinking by -82.79% over the last 6 months – not to mention a drop of -90.55% 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 35.18, with the RSI for the last a single of trading hit 32.64, and the three-weeks RSI is set at 36.00 for Nikola Corp [NKLA]. The present Moving Average for the last 50 days of trading for this stock 4.91, while it was recorded at 3.92 for the last single week of trading, and 13.66 for the last 200 days.
Nikola Corp [NKLA]: An insightful look at the core fundamentals
Nikola Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 1.17.
Earnings per share (EPS) analysis for Nikola Corp [NKLA] stock
With the latest financial reports released by the company, Nikola Corp posted -3.3/share EPS, while the average EPS was predicted by analysts to be reported at -3.9/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.6. 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.
Nikola Corp [NKLA]: Institutional Ownership
There are presently around $23.24%, or 24.22%% of NKLA stock, in the hands of institutional investors. The top three institutional holders of NKLA stocks are: ALPS ADVISORS INC with ownership of 98904.0 shares, which is approximately 0.0074%., holding 16826.0 shares of the stock with an approximate value of $$10826.0 in NKLA stocks shares; and, currently with $$96088.0 in NKLA stock with ownership which is approximately 0.0009%.
