Nikola Corporation (NASDAQ:NKLA) has a beta value of 0 and has seen 8,575,730 shares traded in the last trading session. The company, currently valued at $4.31 Billion, closed the last trade at $11 per share which meant it lost -$0.57 on the day or -4.93% during that session. The NKLA stock price is -754.46% off its 52-week high price of $93.99 and 1.45% above the 52-week low of $10.84. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.9 Million shares traded. The 3-month trading volume is 13.76 Million shares.
The consensus among analysts is that Nikola Corporation (NKLA) is a Hold stock at the moment, with a recommendation rating of 2.7. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 6 out of 8 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.27.
Nikola Corporation (NASDAQ:NKLA) trade information
Despite being -4.93% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the NKLA stock price touched $12.90- or saw a rise of 14.73%. Year-to-date, Nikola Corporation shares have moved -27.92%, while the 5-day performance has seen it change -10.93%. Over the past 30 days, the shares of Nikola Corporation (NASDAQ:NKLA) have changed -20.92%. Short interest in the company has seen 51.68 Million shares shorted with days to cover at 3.76.
Wall Street analysts have a consensus price target for the stock at $20.86, which means that the shares’ value could jump 89.64% from current levels. The projected low price target is $13 while the price target rests at a high of $30. In that case, then, we find that the current price level is +172.73% off the targeted high while a plunge would see the stock lose 18.18% from current levels.
Nikola Corporation (NKLA) estimates and forecasts
Earnings growth for 2021 is a modest -80.6% while over the next 5 years, the company’s earnings are expected to increase by 20.59%.
Nikola Corporation (NASDAQ:NKLA)’s Major holders
Insiders own 59.19% of the company shares, while shares held by institutions stand at 18.61% with a share float percentage of 45.6%. Investors are also buoyed by the number of investors in a company, with Nikola Corporation having a total of 297 institutions that hold shares in the company. The top two institutional holders are Norges Bank Investment Management with over 17.04 Million shares worth more than $260.01 Million. As of December 30, 2020, Norges Bank Investment Management held 4.35% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 14.05 Million shares as of December 30, 2020. The firm’s total holdings are worth over $214.34 Million and represent 3.58% of shares outstanding.
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Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Small-Cap Index Fund. As of December 30, 2020, the former fund manager holds about 1.24% shares in the company for having 4867806 shares of worth $74.28 Million while later fund manager owns 2.05 Million shares of worth $31.22 Million as of December 30, 2020, which makes it owner of about 0.52% of company’s outstanding stock.