Currently, there are 1.16B common shares owned by the public and among those 1.06B shares have been available to trade.
Insiders at the company have transacted a total of 24 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 12 of these insider trades were purchases, accounting for 1,897,431 shares. Insider sales of the common stock occurred on 12 occasions, with total insider shares sold totaling 653,892 shares.
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The company’s stock has a 5-day price change of 1.91% and -18.34% over the past three months. NKLA shares are trading -12.63% year to date (YTD), with the 12-month market performance down to -67.20% lower. It has a 12-month low price of $0.52 and touched a high of $3.71 over the same period. NKLA has an average intraday trading volume of 103.12 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.22%, 1.26%, and -34.69% respectively.
Institutional ownership of Nikola Corp (NASDAQ: NKLA) shares accounts for 38.95% of the company’s 1.16B shares outstanding.
It has a market capitalization of $884.78M and a beta (3y monthly) value of 1.94. The earnings-per-share (ttm) stands at -$1.25. Price movements for the stock have been influenced by the stock’s volatility, which stands at 11.09% over the week and 8.67% over the month.
Analysts forecast that Nikola Corp (NKLA) will achieve an EPS of -$0.09 for the current quarter, -$0.1 for the next quarter and -$0.3 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.13 while analysts give the company a high EPS estimate of -$0.06. Comparatively, EPS for the current quarter was -$0.26 a year ago. Earnings per share for the fiscal year are expected to increase by 49.19%, and 23.45% over the next financial year.
Looking at the support for the NKLA, a number of firms have released research notes about the stock. Robert W. Baird stated their Outperform rating for the stock in a research note on January 24, 2024, with the firm’s price target at $2. TD Cowen coverage for the Nikola Corp (NKLA) stock in a research note released on May 10, 2023 offered a Market Perform rating with a price target of $1. BTIG Research was of a view on March 31, 2023 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on March 13, 2023, issuing a price target of $3. BTIG Research on their part issued Buy rating on January 17, 2023.
