In yesterday’s Wall Street session, Nikola Corp (NASDAQ:NKLA) shares traded at $1.18, up 0.85% from the previous session.
NKLA stock price is now -57.00% away from the 50-day moving average and -88.71% away from the 200-day moving average. The market capitalization of the company currently stands at $100.52M.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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, Hoefelmann Dirk Ole, President, Energy sold 546 shares of the company’s stock on Dec 04 ’24. The stock was sold for $918 at an average price of $1.68. Upon completion of the transaction, the President, Energy now directly owns 49,597 shares in the company, valued at $58524.46. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 04 ’24, Officer Hoefelmann Dirk Ole bought 546 shares of the business’s stock. A total of $918 was incurred on buying the stock at an average price of $1.68. A total of 4.12% of the company’s stock is owned by insiders.
During the past 12 months, Nikola Corp has had a low of $1.15 and a high of $34.50. 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 $2.7443 and a two-hundred day moving average price translates $10.451 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.
