In the last trading session, 17.06 million shares of the Nikola Corp (NASDAQ:NKLA) were traded, and its beta was 1.92. Most recently the company’s share price was $1.51, and it changed around -$0.1 or -6.21% from the last close, which brings the market valuation of the company to $89.68M. NKLA currently trades at a discount to its 52-week high of $34.50, offering almost -2184.77% off that amount. The share price’s 52-week low was $1.60, which indicates that the current value has fallen by an impressive -5.96% since then. We note from Nikola Corp’s average daily trading volume that its 10-day average is 8.93 million shares, with the 3-month average coming to 5.36 million.
Nikola Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.83. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 6 recommended NKLA as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
Nikola Corp (NASDAQ:NKLA) trade information
Instantly NKLA has showed a red trend with a performance of -6.21% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.9400 on recent trading dayincreased the stock’s daily price by 22.16%. The company’s shares are currently down -94.25% year-to-date, but still down -17.93% over the last five days. On the other hand, Nikola Corp (NASDAQ:NKLA) is -50.97% down in the 30-day period. We can see from the shorts that 12.87 million shares have been sold at a short interest cover period of 2.31 day(s).
The consensus price target as assigned by Wall Street analysts is $13, which translates to bulls needing to increase their stock price by 88.38% from its current value. Analyst projections state that NKLA is forecast to be at a low of $12 and a high of $14.
NKLA Dividends
Nikola Corp’s next quarterly earnings report is expected to be released in January.
Nikola Corp (NASDAQ:NKLA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.05% of Nikola Corp shares, and 24.70% of them are in the hands of institutional investors. The stock currently has a share float of 25.74%. Nikola Corp stock is held by 211.0 institutions, with ALPS ADVISORS INC being the largest institutional investor. By 2024-06-30, it held 0.0074% of the shares, which is about 98904.0 shares worth $0.81 million.
, with 0.0013% or 16826.0 shares worth $10826.0 as of 2024-06-30, holds the second largest percentage of outstanding shares.
