On Monday, Nikola Corp (NASDAQ: NKLA) opened lower -12.38% from the last session, before settling in for the closing price of $3.76. Price fluctuations for NKLA have ranged from $3.72 to $38.40 over the past 52 weeks.
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Annual sales at Industrials sector company slipped by -41.64% over the past five years. Company’s average yearly earnings per share was noted 53.40% at the time writing. With a float of $46.74 million, this company’s outstanding shares have now reached $50.60 million.
Let’s look at the performance matrix of the company that is accounted for 870 employees. In terms of profitability, gross margin is -305.46%, operating margin of -766.95%, and the pretax margin is -838.98%.
Nikola Corp (NKLA) Insider and Institutional Ownership
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 7.62%, while institutional ownership is 27.57%. 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) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 53.40% 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 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.53.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -14.34, a number that is poised to hit -2.20 in the next quarter and is forecasted to reach -8.50 in one year’s time.
Technical Analysis of Nikola Corp (NKLA)
Nikola Corp (NASDAQ: NKLA) saw its 5-day average volume 7.4 million, a positive change from its year-to-date volume of 3.38 million. As of the previous 9 days, the stock’s Stochastic %D was 3.31%. Additionally, its Average True Range was 0.43.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 0.41%, which indicates a significant decrease from 2.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 144.34% in the past 14 days, which was higher than the 114.80% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.91, while its 200-day Moving Average is $13.66. Nevertheless, the first resistance level for the watch stands at $3.62 in the near term. At $3.94, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.13. If the price goes on to break the first support level at $3.10, it is likely to go to the next support level at $2.91. The third support level lies at $2.59 if the price breaches the second support level.
Nikola Corp (NASDAQ: NKLA) Key Stats
There are currently 50,597K shares outstanding in the company with a market cap of 191.34 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.
