Nikola Corp (NASDAQ: NKLA) is -92.30% lower on its value in year-to-date trading and has touched a low of $1.83 and a high of $34.50 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 $2.03 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $2.02, the stock is -34.28% and -49.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.69 million and changing -0.49% at the moment leaves the stock -83.65% off its SMA200. NKLA registered -92.84% loss for a year compared to 6-month loss of -87.22%. The firm has a 50-day simple moving average (SMA 50) of $3.9691 and a 200-day simple moving average (SMA200) of $12.35495.
The stock witnessed a -52.13% gain in the last 1 month and extending the period to 3 months gives it a -72.63%, and is -13.68% 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 11.66% over the week and 13.05% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $122.34M and $75.53M in sales. Profit margin for the company is -840.44%. Distance from 52-week low is 10.38% and -94.14% from its 52-week high. The company has generated returns on investments over the last 12 months (-96.75%).
with sales reaching $42.27M over the same period.The EPS is expected to grow by 52.29% this year, but quarterly earnings will post 211.84% year-over-year. Quarterly sales are estimated to grow 266.55% in year-over-year returns.
Nikola Corp (NKLA) Top Institutional Holders
213.0 institutions hold shares in Nikola Corp (NKLA), with institutional investors hold 25.78% 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 24.73% 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).
