The Street Is Finally Waking Up To Nikola Corp (NASDAQ: NKLA)

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. Earlier, Yahoo Finance discussed this stock as it revealed OLE HOEFELMANN APPOINTED AS PRESIDENT OF NIKOLA ENERGY.

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Stocks Info

Nikola Corp is listed on the NASDAQ as a member of the Industrials sector and is a part of the Farm & Heavy Construction Machinery industry. At the end of the last regular session, the stock closed at $0.73 and fluctuated between $0.7389 as its day high and $0.6897 as its day low. The current market capitalization of Nikola Corp is $842.87M. A total of 63.8 million shares were traded on the day, compared to an average of 96.11M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, NKLA has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 12 BUYs and 12 SELLs from insiders. Insiders purchased 1,897,431 shares during that period but sold 653,892.

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.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, NKLA has a high of $3.71 and a low of $0.52.

As of this writing, NKLA has an earnings estimate of $Intellia Therapeutics, Inc. per share for the current quarter. EPS was calculated based on a consensus of Nikola Corporation estimates, with a high estimate of $NKA per share and a lower estimate of $NILAM RESOURCES INC.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. 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 $0.61, while its Total Shareholder’s Equity was $693.57M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 3.33.

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