In the last trading session, 13.03 million Nikola Corp (NASDAQ:NKLA) shares changed hands as the company’s beta touched 1.92. With the company’s per share price at $1.67 changed hands at -$0.17 or -9.24% during last session, the market valuation stood at $101.65M. NKLA’s last price was a discount, traded about -1965.87% off its 52-week high of $34.50. The share price had its 52-week low at $1.81, which suggests the last value was -8.38% down since then. When we look at Nikola Corp’s average trading volume, we note the 10-day average is 7.86 million shares, with the 3-month average coming to 4.82 million.
Analysts gave the Nikola Corp (NKLA) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.83. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 1 assigning it an Overweight rating. Of the remaining, 3 recommended NKLA as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Nikola Corp’s EPS for the current quarter is expected to be -2.25.
Nikola Corp (NASDAQ:NKLA) trade information
Instantly NKLA was in red as seen at the end of in last trading. With action -20.48%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -93.64%, with the 5-day performance at -20.48% in the red. However, in the 30-day time frame, Nikola Corp (NASDAQ:NKLA) is -55.53% down. Looking at the short shares, we see there were 12.87 million shares sold at short interest cover period of 2.31 days.
The consensus price target for the stock as assigned by Wall Street analysts is 10, meaning bulls need an upside of 83.3% from its current market value. According to analyst projections, NKLA’s forecast low is 1 with 14 as the target high. To hit the forecast high, the stock’s price needs a -738.32% plunge from its current level, while the stock would need to tank 40.12% for it to hit the projected low.
Nikola Corp (NKLA) estimates and forecasts
Year-over-year growth is forecast to reach 211.84% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 42.27M. 3 analysts are of the opinion that Nikola Corp’s revenue for the current quarter will be 56.81M. The company’s revenue for the corresponding quarters a year ago was 11.53M and 7.5M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 266.55%. The estimates for the next quarter sales put growth at 657.81%.
The 2024 estimates are for Nikola Corp earnings to increase by 52.29%.
NKLA Dividends
Nikola Corp is expected to release its next quarterly earnings report in January.
Nikola Corp (NASDAQ:NKLA)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.05% of Nikola Corp shares while 24.70% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 25.75%. There are 24.70% institutions holding the Nikola Corp stock share, with ALPS ADVISORS INC the top institutional holder. As of 2024-06-30, the company held 0.0074% of the shares, roughly 98904.0 NKLA shares worth $0.81 million.
holds the second largest percentage of outstanding shares, with 0.0013% or 16826.0 shares worth $10826.0 as of 2024-06-30.
