During the last session, Nikola Corp (NASDAQ:NKLA)’s traded shares were 28.14 million, with the beta value of the company hitting 2.11. At the end of the trading day, the stock’s price was $0.69, reflecting an intraday gain of 3.81% or $0.02. The 52-week high for the NKLA share is $34.50, that puts it down -4900.0 from that peak though still a striking 37.68% gain since the share price plummeted to a 52-week low of $0.43. The company’s market capitalization is $58.48M, and the average intraday trading volume over the past 10 days was 22.72 million shares, and the average trade volume was 15.17 million shares over the past three months.
Nikola Corp (NKLA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 3.00. NKLA has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -2.06.
Nikola Corp (NASDAQ:NKLA) trade information
Nikola Corp (NKLA) registered a 3.81% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 3.81% in intraday trading to $0.69, hitting a weekly high. The stock’s 5-day price performance is -12.06%, and it has moved by -39.27% in 30 days. Based on these gigs, the overall price performance for the year is -96.79%. The short interest in Nikola Corp (NASDAQ:NKLA) is 19.96 million shares and it means that shorts have 1.04 day(s) to cover.
The consensus price target of analysts on Wall Street is $237.6, which implies an increase of 99.71% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $12 and $356.4 respectively. As a result, NKLA is trading at a discount of -51552.17% off the target high and -1639.13% off the low.
Nikola Corp (NKLA) estimates and forecasts
In the rating firms’ projections, revenue will increase 212.42% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 40.86M as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 56.58M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 11.53M and 7.5M respectively. In this case, analysts expect current quarter sales to grow by 254.32% and then jump by 654.70% in the coming quarter.
While earnings are projected to return 51.45% in 2025, the next five years will return 37.35% per annum.
NKLA Dividends
Nikola Corp is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 16826.0 shares, is of ‘s that is approximately 0.0013% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $10826.0.
Also, the Mutual Funds coming in first place with the largest holdings of Nikola Corp (NKLA) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.52 shares. This amounts to just over 1.80 percent of the company’s overall shares, with a $1.05 million market value. The same data shows that the other fund manager holds slightly less at 654.06, or about 0.77% of the stock, which is worth about $0.45 million.
