In yesterday’s Wall Street session, Nikola Corp (NASDAQ:NKLA) shares traded at $0.55, up 2.40% from the previous session.
NKLA stock price is now -23.17% away from the 50-day moving average and -46.77% away from the 200-day moving average. The market capitalization of the company currently stands at $745.97M.
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On January 24, 2024, Robert W. Baird recently initiated its ‘Outperform’ rating on the stock quoting a target price of $2, while ‘TD Cowen’ rates the stock as ‘Market Perform’
In other news, Worthen Britton M., Chief Legal Officer sold 109,980 shares of the company’s stock on Mar 05 ’24. The stock was sold for $74,852 at an average price of $0.68. Upon completion of the transaction, the Chief Legal Officer now directly owns 647,449 shares in the company, valued at $0.36 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Chief Human Resources Officer Pike Joseph R. sold 75,162 shares of the business’s stock. A total of $51,155 was realized by selling the stock at an average price of $0.68. This leaves the insider owning 429,790 shares of the company worth $0.24 million. A total of 8.51% of the company’s stock is owned by insiders.
During the past 12 months, Nikola Corp has had a low of $0.52 and a high of $3.71. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.73, and a quick ratio of 1.46.
According to the Farm & Heavy Construction Machinery Company, earnings per share came in at -0.2, beating analysts’ expectations of -0.22 by 0.02. This compares to -$0.05 EPS in the same period last year. The net profit margin was -2893.26% and return on equity was -153.18% for NKLA. The company reported revenue of $7.5 million for the quarter, compared to $10.68 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -29.78 percent. For the current quarter, analysts expect NKLA to generate $21.35M in revenue.
