The stock of Nikola Corp (NKLA) has seen a -1.92% decrease in the past week, with a 45.09% gain in the past month, and a 28.22% flourish in the past quarter. The volatility ratio for the week is 13.08%, and the volatility levels for the past 30 days are at 10.63% for NKLA. The simple moving average for the last 20 days is 35.28% for NKLA stock, with a simple moving average of -12.61% for the last 200 days.
Is It Worth Investing in Nikola Corp (NASDAQ: NKLA) Right Now?
The 36-month beta value for NKLA is also noteworthy at 2.01. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NKLA is 1.22B, and at present, short sellers hold a 20.70% of that float. The average trading volume of NKLA on April 08, 2024 was 94.47M shares.
NKLA) stock’s latest price update
The stock price of Nikola Corp (NASDAQ: NKLA) has surged by 7.37 when compared to previous closing price of 0.95, but the company has seen a -1.92% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-06 that Nikola reported impressive numbers that investors can celebrate.
Analysts’ Opinion of NKLA
Many brokerage firms have already submitted their reports for NKLA stocks, with Robert W. Baird repeating the rating for NKLA by listing it as a “Outperform.” The predicted price for NKLA in the upcoming period, according to Robert W. Baird is $2 based on the research report published on January 24, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see NKLA reach a price target of $1, previously predicting the price at $5. The rating they have provided for NKLA stocks is “Market Perform” according to the report published on May 10th, 2023.
NKLA Trading at 38.87% 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 -72.51% of loss for the given period.
Volatility was left at 10.63%, however, over the last 30 days, the volatility rate increased by 13.08%, as shares surge +48.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.23% upper at present.
During the last 5 trading sessions, NKLA fell by -1.92%, which changed the moving average for the period of 200-days by -22.73% in comparison to the 20-day moving average, which settled at $0.7707. In addition, Nikola Corp saw 16.60% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NKLA starting from Worthen Britton M., who sale 109,980 shares at the price of $0.68 back on Mar 05 ’24. After this action, Worthen Britton M. now owns 647,449 shares of Nikola Corp, valued at $74,852 using the latest closing price.
Pike Joseph R., the Chief Human Resources Officer of Nikola Corp, sale 75,162 shares at $0.68 during a trade that took place back on Mar 05 ’24, which means that Pike Joseph R. is holding 429,790 shares at $51,155 based on the most recent closing price.
Stock Fundamentals for NKLA
Current profitability levels for the company are sitting at:
- -18.52 for the present operating margin
- -6.38 for the gross margin
The net margin for Nikola Corp stands at -26.63. The total capital return value is set at -0.64. Equity return is now at value -142.65, with -69.13 for asset returns.
Based on Nikola Corp (NKLA), the company’s capital structure generated 0.26 points at debt to capital in total, while cash flow to debt ratio is standing at -1.96. The debt to equity ratio resting at 0.35. The interest coverage ratio of the stock is 22.93.
Currently, EBITDA for the company is -606.6 million with net debt to EBITDA at 0.27. When we switch over and look at the enterprise to sales, we see a ratio of 32.56. The receivables turnover for the company is 1.33for trailing twelve months and the total asset turnover is 0.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.20.
Conclusion
In summary, Nikola Corp (NKLA) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
