On Monday, Nikola Corp (NASDAQ: NKLA) opened lower -8.46% from the last session, before settling in for the closing price of $2.01. Price fluctuations for NKLA have ranged from $1.83 to $34.50 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. 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.
The firm has a total of 870 workers. Let’s measure their productivity. 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 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 7.62%, while institutional ownership is 24.46%. 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
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 1.48.
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)
Analysing the last 5-days average volume posted by the [Nikola Corp, NKLA], we can find that recorded value of 8.27 million was better than the volume posted last year of 3.67 million. As of the previous 9 days, the stock’s Stochastic %D was 20.45%. Additionally, its Average True Range was 0.29.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 0.35%, which indicates a significant decrease from 2.07% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.97% in the past 14 days, which was higher than the 98.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.65, while its 200-day Moving Average is $11.86. Now, the first resistance to watch is $1.98. This is followed by the second major resistance level at $2.12. The third major resistance level sits at $2.21. If the price goes on to break the first support level at $1.76, it is likely to go to the next support level at $1.67. Should the price break the second support level, the third support level stands at $1.53.
Nikola Corp (NASDAQ: NKLA) Key Stats
There are currently 60,867K shares outstanding in the company with a market cap of 112.00 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.
