A new trading day began on Monday, with Nikola Corp (NASDAQ: NKLA) stock price down -3.39% from the previous day of trading, before settling in for the closing price of $1.18. NKLA’s price has ranged from $1.08 to $34.50 over the past 52 weeks.
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A company in the Industrials sector has dropped its sales by -52.05% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 51.45%. With a float of $80.99 million, this company’s outstanding shares have now reached $84.47 million.
In an organization with 870 employees, it is important to assess its efficiency. 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
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 4.12%, while institutional ownership is 17.60%. 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) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.73 per share during the current fiscal year.
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
Here are Nikola Corp’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.89. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.27.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 16.4 million. That was inferior than the volume of 20.98 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 14.51%. Additionally, its Average True Range was 0.21.
During the past 100 days, Nikola Corp’s (NKLA) raw stochastic average was set at 1.06%, which indicates a significant decrease from 9.72% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 133.57% in the past 14 days, which was higher than the 109.89% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.9669, while its 200-day Moving Average is $9.2426. However, in the short run, Nikola Corp’s stock first resistance to watch stands at $1.1767. Second resistance stands at $1.2133. The third major resistance level sits at $1.2667. If the price goes on to break the first support level at $1.0867, it is likely to go to the next support level at $1.0333. The third support level lies at $0.9967 if the price breaches the second support level.
Nikola Corp (NASDAQ: NKLA) Key Stats
With a market capitalization of 96.29 million, the company has a total of 60,867K Shares Outstanding. Currently, annual sales are 35,840 K while annual income is -966,280 K. The company’s previous quarter sales were 25,180 K while its latest quarter income was -199,780 K.
