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Wednesday, February 1, 2023

There Is A Quest For Clarity Surrounding Nikola Corporation (NASDAQ: NKLA) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Nikola Corporation (NKLA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.94%, to $2.15. The Nikola Corporation has recorded 102,488 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Nikola Tre FCEV Receives CARB Executive Order.

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Stocks Info

This NASDAQ-listed company operates within the Farm & Heavy Construction Machinery industry segment, falling under the Industrials sector. At the end of the last regular session, the stock closed at $2.13 and fluctuated between $2.1600 as its day high and $2.1000 as its day low. The current market capitalization of Nikola Corporation is $1.10B. A total of 6.94 million shares were traded on the day, compared to an average of 11.98M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, NKLA has seen 47 BUY and 94 SELL insider trades, representing the acquisition of 3,472,541 and the disposition of 4,306,605 shares. Over the last 12 months, there were 81 BUYs and 142 SELLs from insiders. Insiders purchased 11,242,695 shares during that period but sold 6,067,804.

In the most recent transaction, RUSSELL MARK A sold 75,000 shares of NKLA for 2.21 per share on Dec 30. After the transaction, the Director now owns 1,959,917 company shares. In a previous transaction on Dec 29, RUSSELL MARK A sold 75,000 shares at 2.34 per share. NKLA shares that Director owns now total 1,959,917.

Among the insiders who sold shares, RUSSELL MARK A disposed of 75,000 shares on Dec 28 at a per-share price of $2.31. This resulted in the Director holding 1,959,917 shares of NKLA after the transaction. In another insider transaction, RUSSELL MARK A sold 75,000 shares at $2.44 per share on Dec 27. Company shares held by the Director now total 1,959,917.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for NKLA in the last 3 months, the mean price target is $6.44 with high estimates of $15.00 and low estimates of $2.50. In terms of 52-week highs and lows, NKLA has a high of $11.87 and a low of $2.01.

As of this writing, NKLA has an earnings estimate of -$0.39 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of -$0.36 per share and a lower estimate of -$0.5. The company reported an EPS of -$0.21 in the last quarter, which was 22.20% higher than expectations of -$0.27.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 10 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NKLA is Hold with a score of 3.67. A total of 3 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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