In yesterday’s Wall Street session, Nikola Corp (NASDAQ:NKLA) shares traded at $0.60, down -6.32% from the previous session.
NKLA stock price is now -14.84% away from the 50-day moving average and -48.24% away from the 200-day moving average. The market capitalization of the company currently stands at $805.51M.
With the price target of $2, Robert W. Baird recently initiated with Outperform rating for Nikola Corp (NASDAQ: NKLA). On May 10, 2023, TD Cowen Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock reducing its target price from $5 to quote $1, while ‘BTIG Research’ rates the stock as ‘Neutral’
In other news, Worthen Britton M., Chief Legal Officer sold 109,980 shares of the company’s stock on Mar 05 ’24. The stock was sold for $74,852 at an average price of $0.68. Upon completion of the transaction, the Chief Legal Officer now directly owns 647,449 shares in the company, valued at $0.39 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Chief Human Resources Officer Pike Joseph R. sold 75,162 shares of the business’s stock. A total of $51,155 was realized by selling the stock at an average price of $0.68. This leaves the insider owning 429,790 shares of the company worth $0.26 million. A total of 8.71% of the company’s stock is owned by insiders.
During the past 12 months, Nikola Corp has had a low of $0.52 and a high of $3.71. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 2.20, and a quick ratio of 1.96. The fifty day moving average price for NKLA is $0.7044 and a two-hundred day moving average price translates $1.1652 for the stock.
The latest earnings results from Nikola Corp (NASDAQ: NKLA) was released for Dec, 2023. The net profit margin was -2663.47% and return on equity was -142.65% for NKLA. The company reported revenue of $11.09 million for the quarter, compared to $5.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 103.04 percent. For the current quarter, analysts expect NKLA to generate $13.35M in revenue.
Nikola Corp(NKLA) Company Profile
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector. In addition, it develops a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. Further, its products include Nikola Tre Class 8 truck and the Nikola’s Class 8 FCEV. Additionally, the company assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation founded in 2015 and is headquartered in Phoenix, Arizona.
