Nikola Corporation (NASDAQ:NKLA) in recent session today was buoying at a fall of -13.55% from its closing price on previous day.
Taking a look at stock we notice that its last check on previous day was $23.3 and 5Y monthly beta was reading 0 with its price kept floating in the range of $19.83 and $23.18 on the day. Company’s P/E ratio for the trailing 12 months is 0. Considering stock’s 52-week price range provides that NKLA hit a high price of $93.99 and saw its price falling to a low level of $10.2 during that period. Over a period of past 1-month, stock came losing -29.99% in its value.
In last 7 days, analysts came adjusting their opinions about stock’s EPS with 1 upward and no downward revisions, an indication which could give clearer idea about the company’s short term price movement. In contrast, when we review NKLA stock’s current outlook then short term indicators are assigning it an average of 100% Sell, while medium term indicators are categorizing the stock at an average of Hold. Long term indicators are suggesting an average of 50% Sell for it.
According to ratings assigned by 5 analysts at the scale of 1 to 5 with 1.00 representing a strong buy and 5.00 suggesting a strong sell; 2 of them are recommending Nikola Corporation (NKLA) as a Hold, while 2 are in view that stock is a Buy. Recommendation by None analysts for the stock is an Outperform while number of those analysts who rated the stock as Underperform is none, whereas 1 of them are considering the stock as a Sell. When taken as whole, stock gets a rating of Hold and that encourages the investors to exploit the opportunity and build their stake up in the company.
Digging deeper we become aware of the PEG ratio of the NKLA stock which is currently positioned at 0. It further provides that stock’s current price level is -15.1% away from its 20-day simple moving average and is -39.49% off its SMA50. Its relative strength index (RSI) for 14-periods is oscillating at 34.24 while volatility remained at 4.66% over the past week which changes to 12.95% when measuring it over the past month. Beta is valued at 0, while measure of average true range or ATR is currently at 3.47. In predicting price targets of as low as $15 and as high as $79, analysts are in agreement on assigning the stock over the next 12 months average price target of $36.4. Stock’s current price level is -25.52% above from estimated low price target while it is 292.25% below the estimated high; and even if the NKLA’s share succeeded to reach the median price of $26, then the outlook of +29.1% could come to the excitement of the investors.
In comparing Nikola Corporation (NKLA)’s stock with other industry players reveals that stock’s latest price change of -13.55% and that of +128.43% over the past 12 months is in competing position with that of Tesla Inc (TSLA) which saw its stock price fell by -0.73% in the recent trading and went through an increase of 764.06% in past 12-month trading. Industry’s another major player General Motors Company (GM) has jumped 1.43% up in latest trading session, but over the past year has faced a fall of -11.08%, while Paccar Inc (PCAR) is also down -13.55% however its price remained floating in the green at 128.43% over the same period. Nikola Corporation has a P/E ratio of 0 against that of Tesla Inc’s 1153.93 while General Motors Company is showing 31.04 for the same. On the other hand, the S&P 500 Index was up 0.44% in the early deals while the Dow Jones Industrial was dealing higher at 0.78%.
Having a second look at Nikola Corporation (NASDAQ:NKLA) provides that stock’s average daily trading volume for 3 months was 31.1 Million, while it dropped to 15.84 Million when we calculate an average volume for past 10 days. Number of outstanding shares of the stock currently stood at 378.98 Million.