In recent trading session, Nikola Corp (NASDAQ:NKLA) saw 2.41 million shares changing hands at last check today with its beta currently measuring 1.96. Company’s recent per share price level of $0.79 trading at $0.02 or 2.20% at last check today assigns it a market valuation of $66.44M. That most recent trading price of NKLA’s stock is at a discount of -4267.09% from its 52-week high price of $34.50 and is indicating a premium of 3.8% from its 52-week low price of $0.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 20.36 million shares which gives us an average trading volume of 12.41 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 3.00. 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 -2.06 in the current quarter.
Nikola Corp (NASDAQ:NKLA) trade information
Upright in the green today for gaining 2.20%, in the last five days NKLA remained trading in the red while hitting it’s week-highest on Friday, 01/24/25 when the stock touched $0.79 price level, adding 19.39% to its value on the day. Nikola Corp’s shares saw a change of -33.91% in year-to-date performance and have moved -6.92% in past 5-day. Nikola Corp (NASDAQ:NKLA) showed a performance of -31.61% in past 30-days. Number of shares sold short was 21.0 million shares which calculate 1.38 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 12 to the stock, which implies a rise of 93.42% to its recent value today. Analysts have been projecting 12 as a low price target for the stock while placing it at a high target of 12. It follows that stock’s current price would drop -1418.99% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1418.99% for stock’s current value.
Nikola Corp (NKLA) estimates and forecasts
This year revenue growth is estimated to rise 212.42% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 40.86M for the same. And 3 analysts are in estimates of company making revenue of 56.58M 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 2.92% of company’s total shares while institution are holding 19.01 percent of that, with stock having share float percentage of 19.58%. Investors also watch the number of corporate investors in a company very closely, which is 19.01% 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 Sep 30, 2024, the former fund manager was holding 1.52 shares of worth $1.26 million or 1.80% of the total outstanding shares. The later fund manager was in possession of 654.06 shares on Sep 30, 2024, making its stake of worth around $0.54 million in the company or a holder of 0.77% of company’s stock.
