Nikola Corp (NASDAQ:NKLA) has a beta value of 1.96 and has seen 7.14 million shares traded in the last trading session. The company, currently valued at $118.69M, closed the last trade at $1.95 per share which meant it lost -$0.15 on the day or -7.14% during that session. The NKLA stock price is -1669.23% off its 52-week high price of $34.50 and 6.15% above the 52-week low of $1.83. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.2 million shares traded. The 3-month trading volume is 4.43 million shares.
The consensus among analysts is that Nikola Corp (NKLA) is Buy stock at the moment, with a recommendation rating of 2.83. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 3 out of 9 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -2.25.
Nikola Corp (NASDAQ:NKLA) trade information
Sporting -7.14% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the NKLA stock price touched $1.95 or saw a rise of 12.56%. Year-to-date, Nikola Corp shares have moved -92.57%, while the 5-day performance has seen it change 0.52%. Over the past 30 days, the shares of Nikola Corp (NASDAQ:NKLA) have changed -63.28%. Short interest in the company has seen 14.71 million shares shorted with days to cover at 3.12.
Wall Street analysts have a consensus price target for the stock at $10, which means that the shares’ value could jump 80.5% from current levels. The projected low price target is $1.0 while the price target rests at a high of $14.0. In that case, then, we find that the current price level is -617.95% off the targeted high while a plunge would see the stock lose 48.72% from current levels.
Nikola Corp (NKLA) estimates and forecasts
The company’s shares have lost -86.87% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 211.84%.
4 analysts offering their estimates for the company have set an average revenue estimate of 42.27M for the current quarter. 3 have an estimated revenue figure of 56.81M for the next ending quarter. Year-ago sales stood 11.53M and 7.5M respectively for this quarter and the next, and analysts expect sales will grow by 266.55% for the current quarter and 211.84% for the next.
NKLA Dividends
Nikola Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Nikola Corp (NASDAQ:NKLA)’s Major holders
Insiders own 4.05% of the company shares, while shares held by institutions stand at 24.70% with a share float percentage of 25.75%. Investors are also buoyed by the number of investors in a company, with Nikola Corp having a total of 213.0 institutions that hold shares in the company. The top two institutional holders are ALPS ADVISORS INC with over 98904.0 shares worth more than $0.81 million. As of 2024-06-30, ALPS ADVISORS INC held 0.0074% of shares outstanding.
The other major institutional holder is , with the holding of over 16826.0 shares as of 2024-06-30. The firm’s total holdings are worth over $10826.0 and represent 0.0013% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 2.49% shares in the company for having 1.52 shares of worth $2.96 million while later fund manager owns 649.98 shares of worth $1.27 million as of Jun 30, 2024 , which makes it owner of about 1.07% of company’s outstanding stock.
