A new trading day began on Tuesday, with Nikola Corp (NASDAQ: NKLA) stock price down -2.17% from the previous day of trading, before settling in for the closing price of $7.38. NKLA’s price has ranged from $7.02 to $51.00 over the past 52 weeks.
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Industrials Sector giant saw their annual sales slid by -41.64% over the last five years. Meanwhile, its annual earnings per share averaged 55.80%. With a float of $46.32 million, this company’s outstanding shares have now reached $50.60 million.
The firm has a total of 870 workers. Let’s measure their productivity. In terms of profitability, gross margin is -605.3%, operating margin of -1288.97%, and the pretax margin is -1767.36%.
Nikola Corp (NKLA) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Farm & Heavy Construction Machinery Industry. The insider ownership of Nikola Corp is 8.44%, while institutional ownership is 27.18%. The most recent insider transaction that took place on Aug 06 ’24, was worth 35,909. In this transaction Chief Executive Officer of this company sold 4,636 shares at a rate of $7.75, taking the stock ownership to the 238,311 shares. Before that another transaction happened on Aug 06 ’24, when Company’s Officer proposed sale 4,636 for $7.75, making the entire transaction worth $35,909.
Nikola Corp (NKLA) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -9 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -2.19 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 55.80% per share during the next fiscal year.
Nikola Corp (NASDAQ: NKLA) Trading Performance Indicators
Here are Nikola Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -25.35, a number that is poised to hit -2.30 in the next quarter and is forecasted to reach -7.96 in one year’s time.
Technical Analysis of Nikola Corp (NKLA)
Analysing the last 5-days average volume posted by the [Nikola Corp, NKLA], we can find that recorded value of 1.77 million was lower than the volume posted last year of 3.25 million. As of the previous 9 days, the stock’s Stochastic %D was 8.68%. Additionally, its Average True Range was 0.64.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 0.79%, which indicates a significant increase from 0.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 90.00% in the past 14 days, which was lower than the 108.25% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.97, while its 200-day Moving Average is $18.77. Now, the first resistance to watch is $7.31. This is followed by the second major resistance level at $7.39. The third major resistance level sits at $7.44. If the price goes on to break the first support level at $7.18, it is likely to go to the next support level at $7.13. Should the price break the second support level, the third support level stands at $7.05.
Nikola Corp (NASDAQ: NKLA) Key Stats
With a market capitalization of 365.33 million, the company has a total of 45,173K Shares Outstanding. Currently, annual sales are 35,840 K while annual income is -966,280 K. The company’s previous quarter sales were 31,320 K while its latest quarter income was -133,670 K.
