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Friday, September 29, 2023

Nikola Corporation (NASDAQ: NKLA) Could Be Viewed Differently By Investors Because Of These Numbers

After Hours

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. After-hours trades for Nikola Corporation (NKLA) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0304, or 3.50%, to $0.90. The Nikola Corporation has recorded 1,281,210 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that JOHN VESCO APPOINTED TO NIKOLA BOARD OF DIRECTORS.

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Stocks Info

The company is listed on the NASDAQ and operates within the Farm & Heavy Construction Machinery industry segment. At the end of the last regular session, the stock closed at $0.87 and fluctuated between $0.9125 as its day high and $0.8501 as its day low. The current market capitalization of Nikola Corporation is $880.08M. A total of 68.38 million shares were traded on the day, compared to an average of 88.69M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NKLA has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 625,000 and the disposition of 0 shares. Over the last 12 months, there were 84 BUYs and 165 SELLs from insiders. Insiders purchased 7,133,655 shares during that period but sold 7,034,133.

In the most recent transaction, Pasterick Anastasiya sold 6,709 shares of NKLA for 1.12 per share on Sep 06. After the transaction, the Chief Financial Officer now owns 167,777 company shares. In a previous transaction on Aug 10, Worthen Britton M. sold 121,404 shares at 1.96 per share. NKLA shares that Chief Legal Officer owns now total 757,429.

Among the insiders who sold shares, Pike Joseph R. disposed of 80,937 shares on Aug 10 at a per-share price of $1.96. This resulted in the Chief Human Resources Officer holding 504,952 shares of NKLA after the transaction. In another insider transaction, Lohscheller Michael sold 68,985 shares at $1.96 per share on Aug 10. Company shares held by the Director now total 780,199.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NKLA in the last 3 months, the mean price target is $2.70 with high estimates of $5.00 and low estimates of $1.00. In terms of 52-week highs and lows, NKLA has a high of $5.58 and a low of $0.52.

As of this writing, NKLA has an earnings estimate of -$0.15 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.11 per share and a lower estimate of -$0.19.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NKLA’s latest balance sheet shows that the firm has $497.24M in Cash & Short Term Investments as of fiscal 2021. There were $27.45M in debt and $180.61M in liabilities at the time. Its Book Value Per Share was $0.74, while its Total Shareholder’s Equity was $693.57M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.00.

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