In the past week, NKLA stock has gone down by -2.78%, with a monthly decline of -30.28% and a quarterly plunge of -18.98%. The volatility ratio for the week is 10.92%, and the volatility levels for the last 30 days are 7.23% for Nikola Corporation The simple moving average for the last 20 days is -17.04% for NKLA stock, with a simple moving average of -55.76% for the last 200 days.
Is It Worth Investing in Nikola Corporation (NASDAQ: NKLA) Right Now?
compared to its average ratio and a 36-month beta value of 1.54.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
The public float for NKLA is 324.62M, and currently, short sellers hold a 35.29% ratio of that float. The average trading volume of NKLA on March 17, 2023 was 12.93M shares.
NKLA) stock’s latest price update
Nikola Corporation (NASDAQ: NKLA)’s stock price has increased by 6.71 compared to its previous closing price of 1.64. However, the company has experienced a -2.78% decline in its stock price over the last five trading sessions. The Wall Street Journal reported on 02/23/23 that Nikola’s Costs Rise Ahead of Hydrogen-Electric Truck Launch
Analysts’ Opinion of NKLA
In the past week, NKLA stock has gone down by -2.78%, with a monthly decline of -30.28% and a quarterly plunge of -18.98%. The volatility ratio for the week is 10.92%, and the volatility levels for the last 30 days are 7.23% for Nikola Corporation The simple moving average for the last 20 days is -17.04% for NKLA stock, with a simple moving average of -55.76% for the last 200 days.
Analysts’ Opinion of NKLA
Many brokerage firms have already submitted their reports for NKLA stocks, with Morgan Stanley repeating the rating for NKLA by listing it as a “Equal-Weight.” The predicted price for NKLA in the upcoming period, according to Morgan Stanley is $3 based on the research report published on March 13th of the current year 2023.
BTIG Research, on the other hand, stated in their research note that they expect to see NKLA reach a price target of $5, previously predicting the price at $7. The rating they have provided for NKLA stocks is “Buy” according to the report published on January 17th, 2023.
BTIG Research gave a rating of “Buy” to NKLA, setting the target price at $12 in the report published on September 14th of the previous year.
NKLA Trading at -25.47% from the 50-Day Moving Average
After a stumble in the market that brought NKLA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -85.26% of loss for the given period.
Volatility was left at 7.23%, however, over the last 30 days, the volatility rate increased by 10.92%, as shares sank -34.46% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -21.17% lower at present.
During the last 5 trading sessions, NKLA fell by -2.78%, which changed the moving average for the period of 200-days by -75.66% in comparison to the 20-day moving average, which settled at $2.0635. In addition, Nikola Corporation saw -18.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NKLA starting from Lohscheller Michael, who sale 27,863 shares at the price of $2.11 back on Mar 06. After this action, Lohscheller Michael now owns 849,184 shares of Nikola Corporation, valued at $58,847 using the latest closing price.
Mendes Carey, the President, Energy of Nikola Corporation, sale 1,291 shares at $2.11 during a trade that took place back on Mar 06, which means that Mendes Carey is holding 349,591 shares at $2,727 based on the most recent closing price.
Stock Fundamentals for NKLA
Equity return is now at value -135.70, with -70.10 for asset returns.
Conclusion
To put it simply, Nikola Corporation (NKLA) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
