Nikola Corp (NASDAQ: NKLA) is -90.82% lower on its value in year-to-date trading and has touched a low of $2.91 and a high of $34.80 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 $3.12 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $2.41, the stock is -34.83% and -44.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.39 million and changing -22.76% at the moment leaves the stock -81.36% off its SMA200. NKLA registered -92.63% loss for a year compared to 6-month loss of -85.38%. The firm has a 50-day simple moving average (SMA 50) of $4.4195 and a 200-day simple moving average (SMA200) of $13.031.
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The stock witnessed a -42.07% gain in the last 1 month and extending the period to 3 months gives it a -70.36%, and is -21.75% 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 15.53% over the week and 11.82% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $146.69M and $75.53M in sales. Profit margin for the company is -840.44%. Distance from 52-week low is -17.18% and -93.07% from its 52-week high. The company has generated returns on investments over the last 12 months (-96.75%).
The EPS is expected to grow by 52.29% this year
216.0 institutions hold shares in Nikola Corp (NKLA), with institutional investors hold 22.78% of the company’s shares. The shares outstanding are 60.87M, and float is at 56.23M with Short Float at 26.15%. Institutions hold 21.86% 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).
