A new trading day began on Monday, with Nikola Corp (NASDAQ: NKLA) stock price up 5.76% from the previous day of trading, before settling in for the closing price of $3.82. NKLA’s price has ranged from $3.72 to $38.40 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%. Meanwhile, its annual earnings per share averaged 55.79%. 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. In terms of profitability, gross margin is -605.3%, operating margin of -1288.97%, and the pretax margin is -1767.36%.
Nikola Corp (NKLA) Breakdown of a Key Holders of the stock
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 7.54%, while institutional ownership is 27.50%. 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) Recent Fiscal highlights
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 -2.16 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 55.79% 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 4.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -25.35, a number that is poised to hit -2.24 in the next quarter and is forecasted to reach -7.97 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 3.51 million, which is a jump from its year-to-date volume of 3.23 million. As of the previous 9 days, the stock’s Stochastic %D was 17.06%. Additionally, its Average True Range was 0.33.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 2.59%, which indicates a significant decrease from 14.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 98.53% in the past 14 days, which was lower than the 104.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.62, while its 200-day Moving Average is $14.52. However, in the short run, Nikola Corp’s stock first resistance to watch stands at $4.13. Second resistance stands at $4.23. The third major resistance level sits at $4.39. If the price goes on to break the first support level at $3.87, it is likely to go to the next support level at $3.71. Now, if the price goes above the second support level, the third support stands at $3.61.
Nikola Corp (NASDAQ: NKLA) Key Stats
With a market capitalization of 204.42 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.
