During the last session, Nikola Corp (NASDAQ:NKLA)’s traded shares were 5.53 million, with the beta value of the company hitting 1.99. At the end of the trading day, the stock’s price was $1.91, reflecting an intraday loss of -1.55% or -$0.03. The 52-week high for the NKLA share is $34.50, that puts it down -1706.28 from that peak though still a striking 0.52% gain since the share price plummeted to a 52-week low of $1.90. The company’s market capitalization is $116.25M, and the average intraday trading volume over the past 10 days was 6.94 million shares, and the average trade volume was 4.12 million shares over the past three months.
Nikola Corp (NKLA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.83. NKLA has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -2.25.
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Nikola Corp (NASDAQ:NKLA) trade information
Nikola Corp (NKLA) registered a -1.55% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.55% in intraday trading to $1.91, hitting a weekly high. The stock’s 5-day price performance is -38.78%, and it has moved by -55.27% in 30 days. Based on these gigs, the overall price performance for the year is -93.55%. The short interest in Nikola Corp (NASDAQ:NKLA) is 14.71 million shares and it means that shorts have 3.12 day(s) to cover.
The consensus price target of analysts on Wall Street is $10, which implies an increase of 80.9% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $1 and $14 respectively. As a result, NKLA is trading at a discount of -632.98% off the target high and 47.64% off the low.
Nikola Corp (NKLA) estimates and forecasts
Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 31.82% this quarter and then jump 24.20% in the quarter after that. In the rating firms’ projections, revenue will increase 211.84% 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 42.27M as predicted by 4 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 56.81M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.53M and 7.5M respectively. In this case, analysts expect current quarter sales to grow by 266.55% and then jump by 657.81% in the coming quarter.
While earnings are projected to return 52.29% in 2024.
NKLA Dividends
Nikola Corp is due to release its next quarterly earnings in December. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Nikola Corp (NASDAQ:NKLA)’s Major holders
Nikola Corp insiders own 4.05% of total outstanding shares while institutional holders control 24.81%, with the float percentage being 25.86%. ALPS ADVISORS INC is the largest shareholder of the company, while 214.0 institutions own stock in it. As of 2024-06-30, the company held over 98904.0 shares (or 0.0074% of all shares), a total value of $0.81 million in shares.
The next largest institutional holding, with 16826.0 shares, is of ‘s that is approximately 0.0013% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10826.0.
