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Nikola Corporation (NKLA) Stock: Analyzing the Market Value

, and the 36-month beta value for NKLA is at 1.44.

The public float for NKLA is 324.62M, and currently, shorts hold a 32.88% of that float. The average trading volume for NKLA on May 24, 2023 was 23.66M shares.

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NKLA) stock’s latest price update

The stock price of Nikola Corporation (NASDAQ: NKLA) has dropped by -3.42 compared to previous close of 0.78. Despite this, the company has seen a gain of 2.09% in its stock price over the last five trading days. The Wall Street Journal reported on 03/27/23 that Nikola Taps Anastasiya Pasterick to Succeed Kim Brady as Finance Chief

NKLA’s Market Performance

Nikola Corporation (NKLA) has seen a 2.09% rise in stock performance for the week, with a -7.56% decline in the past month and a -65.73% plunge in the past quarter. The volatility ratio for the week is 7.67%, and the volatility levels for the past 30 days are at 9.02% for NKLA. The simple moving average for the past 20 days is -9.22% for NKLA’s stock, with a -72.88% simple moving average for the past 200 days.

NKLA Trading at -30.58% 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 -91.60% of loss for the given period.

Volatility was left at 9.02%, however, over the last 30 days, the volatility rate increased by 7.67%, as shares sank -8.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.68% lower at present.

During the last 5 trading sessions, NKLA rose by +0.22%, which changed the moving average for the period of 200-days by -90.50% in comparison to the 20-day moving average, which settled at $0.8272. In addition, Nikola Corporation saw -65.10% 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 RUSSELL MARK A, who sale 252,260 shares at the price of $0.78 back on May 12. After this action, RUSSELL MARK A now owns 1,632,657 shares of Nikola Corporation, valued at $196,886 using the latest closing price.

RUSSELL MARK A, the Director of Nikola Corporation, sale 75,000 shares at $0.79 during a trade that took place back on May 11, which means that RUSSELL MARK A is holding 1,884,917 shares at $59,505 based on the most recent closing price.

Stock Fundamentals for NKLA

Current profitability levels for the company are sitting at:

  • -1427.45 for the present operating margin
  • -251.96 for the gross margin

The net margin for Nikola Corporation stands at -1543.02. The total capital return value is set at -88.99, while invested capital returns managed to touch -100.08. Equity return is now at value -143.20, with -67.80 for asset returns.

Based on Nikola Corporation (NKLA), the company’s capital structure generated 72.74 points at debt to equity in total, while total debt to capital is 42.11. Total debt to assets is 30.30, with long-term debt to equity ratio resting at 60.75. Finally, the long-term debt to capital ratio is 35.17.

When we switch over and look at the enterprise to sales, we see a ratio of 11.71, with the company’s debt to enterprise value settled at 0.35. The receivables turnover for the company is 2.06 and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.13.


In conclusion, Nikola Corporation (NKLA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.