Nikola Corp (NASDAQ: NKLA) is 34.45% higher on its value in year-to-date trading and has touched a low of $1.08 and a high of $34.50 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NKLA stock was last observed hovering at around $1.60 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $1.60, the stock is 20.03% and -28.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 27.88 million and changing 0.00% at the moment leaves the stock -83.42% off its SMA200. NKLA registered -93.30% loss for a year compared to 6-month loss of -84.75%. The firm has a 50-day simple moving average (SMA 50) of $2.2817 and a 200-day simple moving average (SMA200) of $9.7351.
The stock witnessed a -9.09% gain in the last 1 month and extending the period to 3 months gives it a -68.19%, and is 39.13% up 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 20.63% over the week and 15.71% over the month.
Nikola Corp (NKLA) has around 870 employees, a market worth around $167.63M and $75.53M in sales. Profit margin for the company is -840.44%. Distance from 52-week low is 48.15% and -95.36% 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 51.45% this year.
Nikola Corp (NKLA) Top Institutional Holders
208.0 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 25.74%. Institutions hold 17.74% 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’sPresident, 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).
