During the last session, Nikola Corp (NASDAQ:NKLA)’s traded shares were 80.82 million, with the beta value of the company hitting 2.09. At the end of the trading day, the stock’s price was $0.62, reflecting an intraday loss of -2.41% or -$0.02. The 52-week high for the NKLA share is $3.71, that puts it down -498.39 from that peak though still a striking 16.13% gain since the share price plummeted to a 52-week low of $0.52. The company’s market capitalization is $828.08M, and the average trade volume was 94.80 million shares over the past three months.
Nikola Corp (NASDAQ:NKLA) trade information
Nikola Corp (NKLA) registered a -2.41% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -2.41% in intraday trading to $0.62, hitting a weekly high. The stock’s 5-day price performance is -3.64%, and it has moved by -16.62% in 30 days. Based on these gigs, the overall price performance for the year is -24.41%.
Nikola Corp (NKLA) estimates and forecasts
Statistics show that Nikola Corp has outperformed its competitors in share price, compared to the industry in which it operates. Nikola Corp (NKLA) shares have gone down -35.05% during the last six months, with a year-to-date growth rate more than the industry average at 46.84% against 11.00. In the rating firms’ projections, revenue will increase 373.50% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 15.56M as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 23.95M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.12M and 15.43M respectively. In this case, analysts expect current quarter sales to grow by 40.00% and then jump by 55.20% in the coming quarter.
While earnings are projected to return 50.39% in 2024.
NKLA Dividends
Nikola Corp is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
