Nikola Corp (NASDAQ: NKLA) is -95.50% lower on its value in year-to-date trading and has touched a low of $1.15 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 $1.17 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $1.18, the stock is -26.78% and -57.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.26 million and changing 0.85% at the moment leaves the stock -88.71% off its SMA200. NKLA registered -95.39% loss for a year compared to 6-month loss of -88.78%. The firm has a 50-day simple moving average (SMA 50) of $2.7443 and a 200-day simple moving average (SMA200) of $10.451.
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The stock witnessed a -38.22% gain in the last 1 month and extending the period to 3 months gives it a -75.31%, and is -17.48% 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 16.97% over the week and 13.29% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $100.52M and $75.53M in sales. Profit margin for the company is -840.44%. Distance from 52-week low is 2.61% and -96.58% from its 52-week high. The company has generated returns on investments over the last 12 months (-96.75%).
with sales reaching $40.86M over the same period.The EPS is expected to grow by 51.45% this year, but quarterly earnings will post 212.42% year-over-year. Quarterly sales are estimated to grow 254.32% in year-over-year returns.
Nikola Corp (NKLA) Top Institutional Holders
209.0 institutions hold shares in Nikola Corp (NKLA), with institutional investors hold 18.28% of the company’s shares. The shares outstanding are 84.47M, and float is at 80.99M with Short Float at 16.68%. Institutions hold 17.75% 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 Hoefelmann Dirk Ole, the company’s President, Energy. SEC filings show that Hoefelmann Dirk Ole sold 546 shares of the company’s common stock on Dec 04 ’24 at a price of $1.68 per share for a total of $918.0. Following the sale, the insider now owns 49597.0 shares.
Still, SEC filings show that on Sep 04 ’24, Okray Thomas B (Chief Financial Officer) disposed off 1,396 shares at an average price of $6.18 for $8623.0. The insider now directly holds 57,871 shares of Nikola Corp (NKLA).
