Nikola Corp (NASDAQ: NKLA) is -82.17% lower on its value in year-to-date trading and has touched a low of $4.78 and a high of $51.00 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 $4.78 in the last trading session, with the day’s loss setting it -0.1%.
Currently trading at $4.68, the stock is -18.17% and -36.68% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.53 million and changing -2.09% at the moment leaves the stock -71.77% off its SMA200. NKLA registered -87.52% loss for a year compared to 6-month loss of -79.02%. The firm has a 50-day simple moving average (SMA 50) of $7.2911 and a 200-day simple moving average (SMA200) of $16.454325.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a -37.64% gain in the last 1 month and extending the period to 3 months gives it a -50.05%, and is -11.03% 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 4.87% over the week and 6.06% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $236.81M and $48.62M in sales. Profit margin for the company is -1770.52%. Distance from 52-week low is -2.09% and -90.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-107.96%).
with sales reaching $37M over the same period.The EPS is expected to grow by 55.80% this year, but quarterly earnings will post 272.10% year-over-year.
Nikola Corp (NKLA) Top Institutional Holders
215.0 institutions hold shares in Nikola Corp (NKLA), with institutional investors hold 28.87% of the company’s shares. The shares outstanding are 50.60M, and float is at 46.78M with Short Float at 29.63%. Institutions hold 27.49% of the Float.
The top institutional shareholder in the company is ALPS ADVISORS INC with over 98904.0 shares valued at $0.81 million. The investor’s holdings represent 0.0074% of the NKLA Shares outstanding. As of 2024-06-30, the second largest holder is with 16826.0 shares valued at $10826.0 to account for 0.0013 of the shares outstanding. The other top investors are GOTHAM ASSET MANAGEMENT, LLC which holds 11732.0 shares representing 0.0009% and valued at over $96088.0, while UNIQUE WEALTH STRATEGIES, LLC holds 0.0002 of the shares totaling 3059.0 with a market value of $3181.0.
Nikola Corp (NKLA) Insider Activity
The most recent transaction is an insider sale by Okray Thomas B, the company’s Chief Financial Officer. SEC filings show that Okray Thomas B sold 1,396 shares of the company’s common stock on Sep 04 ’24 at a price of $6.18 per share for a total of $8623.0. Following the sale, the insider now owns 57871.0 shares.
Nikola Corp disclosed in a document filed with the SEC on Sep 04 ’24 that Hoefelmann Dirk Ole (President, Energy) sold a total of 352 shares of the company’s common stock. The trade occurred on Sep 04 ’24 and was made at $6.18 per share for $2174.0. Following the transaction, the insider now directly holds 50143.0 shares of the NKLA stock.
Still, SEC filings show that on Sep 04 ’24, Chan Mary S (Chief Operating Officer) disposed off 717 shares at an average price of $6.18 for $4429.0. The insider now directly holds 66,757 shares of Nikola Corp (NKLA).
