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Nikola Corp (NKLA) Stock Could Soon Reward Patient Investors

Nikola Corp (NASDAQ: NKLA) is -62.85% lower on its value in year-to-date trading and has touched a low of $7.25 and a high of $111.30 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 $10.49 in the last trading session, with the day’s loss setting it -0.74%.

Currently trading at $9.75, the stock is -14.82% and -33.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.07 million and changing -7.05% at the moment leaves the stock -59.23% off its SMA200. NKLA registered -76.95% loss for a year compared to 6-month loss of -57.90%.

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The stock witnessed a -36.41% gain in the last 1 month and extending the period to 3 months gives it a -67.82%, and is 31.76% up 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 20.82% over the week and 12.88% over the month.

Nikola Corp (NKLA) has around 870 employees, a market worth around $440.89M and $32.66M in sales. Profit margin for the company is -2893.26%. Distance from 52-week low is 34.48% and -91.24% from its 52-week high. The company has generated returns on investments over the last 12 months (-109.89%).

The EPS is expected to grow by 55.92% this year.

Nikola Corp (NKLA) Top Institutional Holders

The shares outstanding are 44.34M, and float is at 41.40M with Short Float at 21.84%.

Nikola Corp (NKLA) Insider Activity

The most recent transaction is an insider sale by Hoefelmann Dirk Ole,the company’sPresident, Energy. SEC filings show that Hoefelmann Dirk Ole sold 17,030 shares of the company’s common stock on Jun 04 ’24 at a price of $0.51 per share for a total of $8709.0. Following the sale, the insider now owns 1.51 million shares.

Nikola Corp disclosed in a document filed with the SEC on May 20 ’24 that Girsky Stephen J (Chief Executive Officer) bought a total of 1,000,000 shares of the company’s common stock. The trade occurred on May 20 ’24 and was made at $0.54 per share for $0.54 million. Following the transaction, the insider now directly holds 7.24 million shares of the NKLA stock.

Still, SEC filings show that on Mar 05 ’24, Worthen Britton M. (Chief Legal Officer) disposed off 109,980 shares at an average price of $0.68 for $74852.0. The insider now directly holds 647,449 shares of Nikola Corp (NKLA).

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