On Friday, Nikola Corp (NASDAQ: NKLA) opened lower -2.90% from the last session, before settling in for the closing price of $2.41. Price fluctuations for NKLA have ranged from $2.16 to $34.80 over the past 52 weeks.
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Over the past five-year period, the drop rate of yearbook sales for the company of the Industrials sector was -41.64%. Company’s average yearly earnings per share was noted 52.29% at the time writing. With a float of $56.23 million, this company’s outstanding shares have now reached $60.87 million.
Considering the fact that the conglomerate employs 870 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is -305.46%, operating margin of -766.95%, and the pretax margin is -838.98%.
Nikola Corp (NKLA) Breakdown of a Key Holders of the stock
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 24.56%. 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
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -3.3 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -3.92) by 0.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of -2.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 52.29% 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 1.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -14.34, a number that is poised to hit -2.23 in the next quarter and is forecasted to reach -7.80 in one year’s time.
Technical Analysis of Nikola Corp (NKLA)
Compared to the last year’s volume of 3.48 million, its volume of 7.65 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 17.06%. Additionally, its Average True Range was 0.39.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 1.84%, which indicates a significant decrease from 5.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.31% in the past 14 days, which was higher than the 104.51% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.30, while its 200-day Moving Average is $12.83. Nevertheless, the first resistance level for the watch stands at $2.50 in the near term. At $2.66, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.75. If the price goes on to break the first support level at $2.25, it is likely to go to the next support level at $2.16. Now, if the price goes above the second support level, the third support stands at $2.00.
Nikola Corp (NASDAQ: NKLA) Key Stats
There are currently 60,867K shares outstanding in the company with a market cap of 138.29 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 25,180 K and its income totaled -199,780 K.
