In the past week, NKLA stock has gone down by -7.05%, with a monthly decline of -21.65% and a quarterly plunge of -60.19%. The volatility ratio for the week is 5.08%, and the volatility levels for the last 30 days are 7.32% for Nikola Corp. The simple moving average for the past 20 days is -11.64% for NKLA’s stock, with a -72.85% simple moving average for the past 200 days.
Is It Worth Investing in Nikola Corp (NASDAQ: NKLA) Right Now?
The 36-month beta value for NKLA is also noteworthy at 2.06. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NKLA is 46.78M, and at present, short sellers hold a 33.20% of that float. The average trading volume of NKLA on October 21, 2024 was 2.88M shares.
NKLA) stock’s latest price update
Nikola Corp (NASDAQ: NKLA)’s stock price has gone rise by 3.17 in comparison to its previous close of 3.82, however, the company has experienced a -7.05% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-10-21 that PHOENIX , Oct. 21, 2024 /PRNewswire/ — Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, released their first-ever sustainability impact report today. Nikola’s 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola’s sustainability priorities.
Analysts’ Opinion of NKLA
Many brokerage firms have already submitted their reports for NKLA stocks, with Bryan Garnier repeating the rating for NKLA by listing it as a “Buy.” The predicted price for NKLA in the upcoming period, according to Bryan Garnier is $1 based on the research report published on May 16, 2024 of the current year 2024.
Robert W. Baird gave a rating of “Outperform” to NKLA, setting the target price at $2 in the report published on January 24th of the current year.
NKLA Trading at -29.83% 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 -89.74% of loss for the given period.
Volatility was left at 7.32%, however, over the last 30 days, the volatility rate increased by 5.08%, as shares sank -17.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -53.20% lower at present.
During the last 5 trading sessions, NKLA fell by -6.84%, which changed the moving average for the period of 200-days by -83.45% in comparison to the 20-day moving average, which settled at $4.46. In addition, Nikola Corp saw -84.98% 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 Okray Thomas B, who sale 1,396 shares at the price of $6.18 back on Sep 04 ’24. After this action, Okray Thomas B now owns 57,871 shares of Nikola Corp, valued at $8,623 using the latest closing price.
Hoefelmann Dirk Ole, the President, Energy of Nikola Corp, sale 352 shares at $6.18 during a trade that took place back on Sep 04 ’24, which means that Hoefelmann Dirk Ole is holding 50,143 shares at $2,174 based on the most recent closing price.
Stock Fundamentals for NKLA
Current profitability levels for the company are sitting at:
- -12.89 for the present operating margin
- -6.05 for the gross margin
The net margin for Nikola Corp stands at -17.71. The total capital return value is set at -0.76. Equity return is now at value -164.54, with -76.60 for asset returns.
Based on Nikola Corp (NKLA), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at -3.03. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 13.55.
Currently, EBITDA for the company is -606.6 million with net debt to EBITDA at -0.04. When we switch over and look at the enterprise to sales, we see a ratio of 4.52. The receivables turnover for the company is 0.76for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.53.
Conclusion
In summary, Nikola Corp (NKLA) has had a bad 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.
