Nikola Corp (NASDAQ: NKLA) is -82.28% lower on its value in year-to-date trading and has touched a low of $4.10 and a high of $47.25 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 $4.58 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $4.65, the stock is -8.94% and -32.49% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.91 million and changing 1.53% at the moment leaves the stock -71.13% off its SMA200. NKLA registered -90.13% loss for a year compared to 6-month loss of -84.08%. The firm has a 50-day simple moving average (SMA 50) of $6.7868 and a 200-day simple moving average (SMA200) of $16.013325.
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The stock witnessed a -29.86% gain in the last 1 month and extending the period to 3 months gives it a -42.16%, and is -0.64% 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 8.95% over the week and 7.03% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $235.29M and $48.62M in sales. Profit margin for the company is -1770.52%. Distance from 52-week low is 13.41% and -90.16% from its 52-week high. The company has generated returns on investments over the last 12 months (-107.96%).
with sales reaching $37.23M over the same period.The EPS is expected to grow by 55.80% this year, but quarterly earnings will post 275.10% year-over-year.
Nikola Corp (NKLA) Top Institutional Holders
212.0 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 31.44%. 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).
