Currently, there are 50.60M common shares owned by the public and among those 46.78M shares have been available to trade.
The company’s stock has a 5-day price change of -0.64% and -42.16% over the past three months. NKLA shares are trading -82.28% year to date (YTD), with the 12-month market performance down to -90.13% lower. It has a 12-month low price of $4.10 and touched a high of $47.25 over the same period. NKLA has an average intraday trading volume of 3.21 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 -8.94%, -32.49%, and -71.13% respectively.
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Institutional ownership of Nikola Corp (NASDAQ: NKLA) shares accounts for 27.22% of the company’s 50.60M shares outstanding.
It has a market capitalization of $235.29M and a beta (3y monthly) value of 2.06. The earnings-per-share (ttm) stands at -$25.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.95% over the week and 7.03% over the month.
Earnings per share for the fiscal year are expected to increase by 55.80%, and 24.01% over the next financial year.
Looking at the support for the NKLA, a number of firms have released research notes about the stock. Bryan Garnier stated their Buy rating for the stock in a research note on May 16, 2024, with the firm’s price target at $1. Robert W. Baird was of a view on January 24, 2024 that the stock is Outperform, while TD Cowen gave the stock Market Perform rating on May 10, 2023, issuing a price target of $5- $1. BTIG Research on their part issued Neutral rating on March 31, 2023.
