Nikola Corp (NKLA) concluded trading on Thursday at a closing price of $2.41, with 19.39 million shares of worth about $46.74 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -85.38% during that period and on November 14, 2024 the price saw a loss of about -22.76%. Currently the company’s common shares owned by public are about 60.87M shares, out of which, 56.23M shares are available for trading.
Stock saw a price change of -21.75% in past 5 days and over the past one month there was a price change of -42.07%. Year-to-date (YTD), NKLA shares are showing a performance of -90.82% which decreased to -92.63% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.91 but also hit the highest price of $34.80 during that period. The average intraday trading volume for Nikola Corp shares is 3.67 million. The stock is currently trading -34.83% below its 20-day simple moving average (SMA20), while that difference is down -44.66% for SMA50 and it goes to -81.36% lower than SMA200.
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Nikola Corp (NASDAQ: NKLA) currently have 60.87M outstanding shares and institutions hold larger chunk of about 21.63% of that.
The stock has a current market capitalization of $146.69M and its 3Y-monthly beta is at 2.02. It has posted earnings per share of -$14.34 in the same period. It has Quick Ratio of 0.89 while making debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NKLA, volatility over the week remained 15.53% while standing at 11.82% over the month.
Stock’s fiscal year EPS is expected to rise by 52.29% while it is estimated to increase by 31.00% in next year.
Coverage by Bryan Garnier stated Nikola Corp (NKLA) stock as a Buy in their note to investors on May 16, 2024, suggesting a price target of $1 for the stock. On April 09, 2024, Wolfe Research Initiated their recommendations, while on January 24, 2024, Robert W. Baird Initiated their ratings for the stock with a price target of $2. Stock get a Market perform rating from TD Cowen on May 10, 2023.
