Nikola Corp (NASDAQ:NKLA) shares traded -2.90% lower at $2.34 on Wall Street last session.
NKLA stock price is now -45.54% away from the 50-day moving average and -81.76% away from the 200-day moving average. The market capitalization of the company currently stands at $138.29M.
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On May 16, 2024, Bryan Garnier recently initiated its ‘Buy’ rating on the stock quoting a target price of $1, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Okray Thomas B, Chief Financial Officer sold 1,396 shares of the company’s stock on Sep 04 ’24. The stock was sold for $8,623 at an average price of $6.18. Upon completion of the transaction, the Chief Financial Officer now directly owns 57,871 shares in the company, valued at $0.14 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, President, Energy Hoefelmann Dirk Ole sold 352 shares of the business’s stock. A total of $2,174 was realized by selling the stock at an average price of $6.18. This leaves the insider owning 50,143 shares of the company worth $0.12 million. A total of 7.62% of the company’s stock is owned by insiders.
During the past 12 months, Nikola Corp has had a low of $2.16 and a high of $34.80. As of last week, the company has a debt-to-equity ratio of 0.93, a current ratio of 1.17, and a quick ratio of 0.89. The fifty day moving average price for NKLA is $4.2965 and a two-hundred day moving average price translates $12.8332 for the stock.
The latest earnings results from Nikola Corp (NASDAQ: NKLA) was released for 2024-09-30. The net profit margin was -840.44% and return on equity was -129.17% for NKLA. The company reported revenue of $25.18 million for the quarter, compared to -$1.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1553.87 percent.
