Nikola Corp (NASDAQ:NKLA) shares traded -2.35% lower at $0.51 on Wall Street last session.
NKLA stock price is now -25.38% away from the 50-day moving average and -44.81% away from the 200-day moving average. The market capitalization of the company currently stands at $697.81M.
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With the price target of $1, Bryan Garnier recently initiated with Buy rating for Nikola Corp (NASDAQ: NKLA). , while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, Girsky Stephen J, Chief Executive Officer bought 1,000,000 shares of the company’s stock on May 20 ’24. The stock was bought for $540,000 at an average price of $0.54. Upon completion of the transaction, the Chief Executive Officer now directly owns 7,243,005 shares in the company, valued at $3.69 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 05 ’24, Chief Legal Officer Worthen Britton M. sold 109,980 shares of the business’s stock. A total of $74,852 was realized by selling the stock at an average price of $0.68. This leaves the insider owning 647,449 shares of the company worth $0.33 million. A total of 8.59% of the company’s stock is owned by insiders.
During the past 12 months, Nikola Corp has had a low of $0.51 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. The fifty day moving average price for NKLA is $0.68938 and a two-hundred day moving average price translates $0.93205 for the stock.
The latest earnings results from Nikola Corp (NASDAQ: NKLA) was released for 2024-03-31. 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.
