257 institutions hold shares in Nikola Corporation (NKLA), with 239.63M shares held by insiders accounting for 62.39% while institutional investors hold 36.52% of the company’s shares. The shares outstanding are 377.66M, and float is at 144.44M with Short Float at 26.65%. Institutions hold 13.73% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 12.38 million shares valued at $253.62 million. The investor’s holdings represent 3.22% of the NKLA Shares outstanding. As of Sep 29, 2020, the second largest holder is Coatue Management, LLC with 3.7 million shares valued at $75.72 million to account for 0.96% of the shares outstanding. The other top investors are FMR, LLC which holds 2.96 million shares representing 0.77% and valued at over $45.19 million, while Blackrock Inc. holds 0.73% of the shares totaling 2.81 million with a market value of $42.87 million.
Nikola Corporation (NASDAQ: NKLA) is 39.97% higher on its value in year-to-date trading and has touched a low of $10.34 and a high of $93.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NKLA stock was last observed hovering at around $20.36 in the last trading session, with the day’s gains setting it 1.0% off its average median price target of $25.50 for the next 12 months. It is also 54.55% off the consensus price target high of $47.00 offered by 7 analysts, but current levels are -25.65% lower than the price target low of $17.00 for the same period.
Currently trading at $21.36, the stock is -6.74% and 8.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.2 million and changing 4.91% at the moment leaves the stock -31.50% off its SMA200. NKLA registered 105.78% gain for a year compared to 6-month loss of -49.78%. The firm has a 50-day simple moving average (SMA 50) of $21.21 and a 200-day simple moving average (SMA200) of $25.19.
The stock witnessed a 9.48% gain in the last 1 month and extending the period to 3 months gives it a -3.04%, and is -5.57% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.13% over the week and 9.04% over the month.
Nikola Corporation (NKLA) has around 256 employees, a market worth around $7.82B and $0.14M in sales. Distance from 52-week low is 106.58% and -77.27% from its 52-week high.
Nikola Corporation (NKLA) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Nikola Corporation (NKLA) is a “Overweight”. 7 analysts offering their recommendations for the stock have an average rating of 2.70, where 5 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Nikola Corporation quarterly earnings per share for the current quarter are estimated at -$0.23 with sales reaching $20k over the same period.The EPS is expected to grow by 9.00% this year.
Nikola Corporation (NKLA) Insider Activity
The most recent transaction is an insider purchase by Milton Trevor R., the company’s Executive Chairman. SEC filings show that Milton Trevor R. bought 41,400 shares of the company’s common stock on Sep 14 at a price of $30.91 per share for a total of $1.28 million. Following the purchase, the insider now owns 91.64 million shares.
Nikola Corporation disclosed in a document filed with the SEC on Aug 11 that UBBEN JEFFREY W (Director) sold a total of 1,400,000 shares of the company’s common stock. The trade occurred on Aug 11 and was made at $42.69 per share for $59.77 million. Following the transaction, the insider now directly holds 10.28 million shares of the NKLA stock.