In last trading session, Nikola Corp (NASDAQ:NKLA) saw 5.95 million shares changing hands with its beta currently measuring 1.92. Company’s recent per share price level of $1.96 trading at $0.01 or 0.51% at ring of the bell on the day assigns it a market valuation of $119.91M. That closing price of NKLA’s stock is at a discount of -1660.2% from its 52-week high price of $34.50 and is indicating a premium of 6.63% from its 52-week low price of $1.83. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 8.97 million shares which gives us an average trading volume of 4.53 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 2.83. 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.
Nikola Corp (NASDAQ:NKLA) trade information
Upright in the green during last session for gaining 0.51%, in the last five days NKLA remained trading in the green while hitting it’s week-highest on Monday, 11/25/24 when the stock touched $1.96 price level, adding 12.3% to its value on the day. Nikola Corp’s shares saw a change of -92.53% in year-to-date performance and have moved 2.62% in past 5-day. Nikola Corp (NASDAQ:NKLA) showed a performance of -55.25% in past 30-days. Number of shares sold short was 12.87 million shares which calculate 2.31 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 80.4% 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 48.98% in reaching the projected high whereas dropping to the targeted low would mean a gain of 48.98% for stock’s current value.
Nikola Corp (NKLA) estimates and forecasts
This year revenue growth is estimated to rise 211.84% 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 42.27M for the same. And 3 analysts are in estimates of company making revenue of 56.81M 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 24.70 percent of that, with stock having share float percentage of 25.75%. Investors also watch the number of corporate investors in a company very closely, which is 24.70% 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.
On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 1.52 shares of worth $2.98 million or 2.49% of the total outstanding shares. The later fund manager was in possession of 649.98 shares on Jun 30, 2024 , making its stake of worth around $1.27 million in the company or a holder of 1.07% of company’s stock.
