In last trading session, Nikola Corp (NASDAQ:NKLA) saw 4.85 million shares changing hands with its beta currently measuring 2.08. Company’s recent per share price level of $3.12 trading at -$0.09 or -2.80% at ring of the bell on the day assigns it a market valuation of $189.90M. That closing price of NKLA’s stock is at a discount of -1063.46% from its 52-week high price of $36.30 and is indicating a discount of -2.24% from its 52-week low price of $3.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 6.13 million shares which gives us an average trading volume of 3.59 million if we extend that period to 3-months.
For Nikola Corp (NKLA), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.50. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 5 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -2.25 in the current quarter.
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Nikola Corp (NASDAQ:NKLA) trade information
Upright in the red during last session for losing -2.80%, in the last five days NKLA remained trading in the red while hitting it’s week-highest on Thursday, 10/31/24 when the stock touched $3.12 price level, adding 26.76% to its value on the day. Nikola Corp’s shares saw a change of -88.11% in year-to-date performance and have moved -26.24% in past 5-day. Nikola Corp (NASDAQ:NKLA) showed a performance of -30.67% in past 30-days. Number of shares sold short was 13.03 million shares which calculate 3.69 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 10 to the stock, which implies a rise of 68.8% to its current value. Analysts have been projecting 1 as a low price target for the stock while placing it at a high target of 14. It follows that stock’s current price would jump 67.95% in reaching the projected high whereas dropping to the targeted low would mean a gain of 67.95% for stock’s current value.
Nikola Corp (NKLA) estimates and forecasts
This year revenue growth is estimated to rise 244.20% from the last financial year’s standing.
4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 47.29M for the same. And 3 analysts are in estimates of company making revenue of 63.6M in the next quarter. Company posted 11.53M and 7.5M of sales in current and next quarters respectively a year earlier.
Nikola Corp (NASDAQ:NKLA)’s Major holders
Insiders are in possession of 4.05% of company’s total shares while institution are holding 21.89 percent of that, with stock having share float percentage of 22.82%. Investors also watch the number of corporate investors in a company very closely, which is 21.89% institutions for Nikola Corp that are currently holding shares of the company. ALPS ADVISORS INC is the top institutional holder at NKLA for having 98904.0 shares of worth $0.81 million. And as of 2024-06-30, it was holding 0.0074 of the company’s outstanding shares.
The second largest institutional holder is , which was holding about 16826.0 shares on 2024-06-30. The number of shares represents firm’s hold over 0.0013 of outstanding shares, having a total worth of $10826.0.
