Nikola Corp (NASDAQ: NKLA) is -19.95% lower on its value in year-to-date trading and has touched a low of $0.52 and a high of $3.71 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NKLA stock was last observed hovering at around $0.72 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $0.70, the stock is -15.04% and -7.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 133.49 million and changing -2.33% at the moment leaves the stock -39.53% off its SMA200. NKLA registered -29.50% loss for a year compared to 6-month loss of -49.25%.
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The stock witnessed a 9.71% gain in the last 1 month and extending the period to 3 months gives it a -4.81%, and is -31.34% 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 12.83% over the week and 12.19% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $935.33M and $36.28M in sales. Profit margin for the company is -2663.47%. Distance from 52-week low is 34.41% and -81.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-97.29%).
The EPS is expected to grow by 50.21% this year.
Nikola Corp (NKLA) Top Institutional Holders
The shares outstanding are 1.33B, and float is at 1.23B with Short Float at 19.36%.
Nikola Corp (NKLA) Insider Activity
The most recent transaction is an insider sale by Worthen Britton M.,the company’sChief Legal Officer. SEC filings show that Worthen Britton M. sold 109,980 shares of the company’s common stock on Mar 05 ’24 at a price of $0.68 per share for a total of $74852.0. Following the sale, the insider now owns 0.65 million shares.
Nikola Corp disclosed in a document filed with the SEC on Mar 05 ’24 that Pike Joseph R. (Chief Human Resources Officer) sold a total of 75,162 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $0.68 per share for $51155.0. Following the transaction, the insider now directly holds 0.43 million shares of the NKLA stock.
Still, SEC filings show that on Mar 05 ’24, Chan Mary S (Chief Operating Officer) disposed off 24,627 shares at an average price of $0.68 for $16761.0. The insider now directly holds 546,230 shares of Nikola Corp (NKLA).
