Nikola Corp (NASDAQ:NKLA) shares traded 41.44% higher at $0.77 on Wall Street last session.
NKLA stock price is now -30.91% away from the 50-day moving average and -88.24% away from the 200-day moving average. The market capitalization of the company currently stands at $64.69M.
On May 16, 2024, Bryan Garnier recently initiated its ‘Buy’ rating on the stock quoting a target price of $1, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Hoefelmann Dirk Ole, President, Energy sold 546 shares of the company’s stock on Dec 04 ’24. The stock was sold for $918 at an average price of $1.68. Upon completion of the transaction, the President, Energy now directly owns 49,597 shares in the company, valued at $38189.69. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Officer Hoefelmann Dirk Ole bought 546 shares of the business’s stock. A total of $918 was incurred on buying the stock at an average price of $1.68. A total of 3.36% of the company’s stock is owned by insiders.
During the past 12 months, Nikola Corp has had a low of $0.43 and a high of $34.50. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.17, and a quick ratio of 0.89.
The net profit margin was -840.44% and return on equity was -129.17% for NKLA. The company reported revenue of $25.18 million for the quarter, compared to -$1.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1553.87 percent.
