Nikola Corp (NASDAQ: NKLA) on Monday, plunged -17.48% from the previous trading day, before settling in for the closing price of $1.43. Within the past 52 weeks, NKLA’s price has moved between $1.32 and $34.50.
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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%. The company achieved an average annual earnings per share of 51.45%. With a float of $80.99 million, this company’s outstanding shares have now reached $84.47 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) Insider Activity
Observing investor behavior towards Farm & Heavy Construction Machinery industry stocks is more important than anything else. The insider ownership of Nikola Corp is 4.12%, while institutional ownership is 17.62%. The most recent insider transaction that took place on Dec 04 ’24, was worth 918. In this transaction President, Energy of this company sold 546 shares at a rate of $1.68, taking the stock ownership to the 49,597 shares. Before that another transaction happened on Dec 04 ’24, when Company’s Officer proposed sale 546 for $1.68, making the entire transaction worth $918.
Nikola Corp (NKLA) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 51.45% per share during the next fiscal year.
Nikola Corp (NASDAQ: NKLA) Trading Performance Indicators
Nikola Corp (NKLA) is currently performing well based on its current performance indicators. A quick ratio of 0.89 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.20.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -14.34, a number that is poised to hit -2.28 in the next quarter and is forecasted to reach -7.76 in one year’s time.
Technical Analysis of Nikola Corp (NKLA)
Compared to the last year’s volume of 4.01 million, its volume of 11.95 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 18.42%. Additionally, its Average True Range was 0.26.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 0.23%, which indicates a significant decrease from 2.15% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 99.46% in the past 14 days, which was lower than the 102.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.0115, while its 200-day Moving Average is $10.8409. Nevertheless, the first resistance level for the watch stands at $1.3400 in the near term. At $1.5000, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.5900. If the price goes on to break the first support level at $1.0900, it is likely to go to the next support level at $1.0000. Should the price break the second support level, the third support level stands at $0.8400.
Nikola Corp (NASDAQ: NKLA) Key Stats
Market capitalization of the company is 90.78 million based on 60,867K outstanding shares. Right now, sales total 35,840 K and income totals -966,280 K. The company made 25,180 K in profit during its latest quarter, and -199,780 K in sales during its previous quarter.
