On Monday, Nikola Corp (NASDAQ: NKLA) opened higher 6.76% from the last session, before settling in for the closing price of $4.29. Price fluctuations for NKLA have ranged from $4.10 to $51.00 over the past 52 weeks.
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During the last 5-year period, the sales drop of Industrials Sector giant was -41.64%. Company’s average yearly earnings per share was noted 55.80% at the time writing. With a float of $46.78 million, this company’s outstanding shares have now reached $50.60 million.
Let’s determine the extent of company efficiency that accounts for 870 employees.
Nikola Corp (NKLA) Insider Activity
A key investor’s attitude towards the stock of the Farm & Heavy Construction Machinery industry is another important factor to consider. The insider ownership of Nikola Corp is 7.54%, while institutional ownership is 27.22%. The most recent insider transaction that took place on Sep 04 ’24, was worth 8,623. In this transaction Chief Financial Officer of this company sold 1,396 shares at a rate of $6.18, taking the stock ownership to the 57,871 shares. Before that another transaction happened on Sep 04 ’24, when Company’s President, Energy sold 352 for $6.18, making the entire transaction worth $2,174. This insider now owns 50,143 shares in total.
Nikola Corp (NKLA) Earnings and Forecasts
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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
Check out the current performance indicators for Nikola Corp (NKLA). In the past quarter, the stock posted a quick ratio of 1.24. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.77.
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)
Looking closely at Nikola Corp (NASDAQ: NKLA), its last 5-days average volume was 3.64 million, which is a jump from its year-to-date volume of 3.17 million. As of the previous 9 days, the stock’s Stochastic %D was 18.31%. Additionally, its Average True Range was 0.40.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 3.25%, which indicates a significant decrease from 34.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.62% in the past 14 days, which was lower than the 98.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $6.89, while its 200-day Moving Average is $16.11. However, in the short run, Nikola Corp’s stock first resistance to watch stands at $4.79. Second resistance stands at $5.00. The third major resistance level sits at $5.27. If the price goes on to break the first support level at $4.31, it is likely to go to the next support level at $4.04. Should the price break the second support level, the third support level stands at $3.83.
Nikola Corp (NASDAQ: NKLA) Key Stats
There are currently 45,173K shares outstanding in the company with a market cap of 231.75 million. Presently, the company’s annual sales total 35,840 K according to its annual income of -966,280 K. Last quarter, the company’s sales amounted to 31,320 K and its income totaled -133,670 K.
