The stock of Nikola Corp (NKLA) has gone down by -22.52% for the week, with a -39.06% drop in the past month and a -68.23% drop in the past quarter. The volatility ratio for the week is 16.61%, and the volatility levels for the past 30 days are 11.91% for NKLA. The simple moving average for the past 20 days is -35.43% for NKLA’s stock, with a -81.76% simple moving average for the past 200 days.
Is It Worth Investing in Nikola Corp (NASDAQ: NKLA) Right Now?
The stock has a 36-month beta value of 1.99. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 6 as “hold,” and 0 as “sell.”
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The public float for NKLA is 56.23M, and at present, short sellers hold a 26.15% of that float. On November 18, 2024, the average trading volume of NKLA was 3.93M shares.
NKLA) stock’s latest price update
The stock price of Nikola Corp (NASDAQ: NKLA) has plunged by -2.90 when compared to previous closing price of 2.41, but the company has seen a -22.52% decline in its stock price over the last five trading sessions. fool.com reported 2024-11-12 that Plug Power and Nikola could be good longshot plays in this nascent market.
Analysts’ Opinion of NKLA
Bryan Garnier, on the other hand, stated in their research note that they expect to see NKLA reach a price target of $1. The rating they have provided for NKLA stocks is “Buy” according to the report published on May 16th, 2024.
NKLA Trading at -45.54% 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 -93.28% of loss for the given period.
Volatility was left at 11.91%, however, over the last 30 days, the volatility rate increased by 16.61%, as shares sank -38.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.51% lower at present.
During the last 5 trading sessions, NKLA fell by -22.52%, which changed the moving average for the period of 200-days by -89.31% in comparison to the 20-day moving average, which settled at $3.62. In addition, Nikola Corp saw -91.08% 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:
- -7.67 for the present operating margin
- -3.05 for the gross margin
The net margin for Nikola Corp stands at -8.4. The total capital return value is set at -0.83. Equity return is now at value -129.17, with -58.12 for asset returns.
Based on Nikola Corp (NKLA), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at -1.67. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is -26.51.
Currently, EBITDA for the company is -736.28 million with net debt to EBITDA at -0.26. When we switch over and look at the enterprise to sales, we see a ratio of 3.89. The receivables turnover for the company is 0.92for trailing twelve months and the total asset turnover is 0.07. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.
Conclusion
To sum up, Nikola Corp (NKLA) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
