Momentum Is Strong For Nikola Corp (NASDAQ: NKLA)

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. Earlier, Yahoo Finance discussed this stock as it revealed NIKOLA CELEBRATES GRAND OPENING OF FIRST HYLA REFUELING STATION IN SOUTHERN CALIFORNIA.

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Stocks Info

This NASDAQ-listed company operates within the Farm & Heavy Construction Machinery industry segment, falling under the Industrials sector. The current market capitalization of Nikola Corp is $1.09B. A total of 120.51 million shares were traded on the day, compared to an average of 90.37M shares.

In the most recent transaction, Worthen Britton M. sold 109,980 shares of NKLA for 0.68 per share on Mar 05 ’24. After the transaction, the Chief Legal Officer now owns 647,449 company shares. In a previous transaction on Mar 05 ’24, Pike Joseph R. sold 75,162 shares at 0.68 per share. NKLA shares that Chief Human Resources Officer owns now total 429,790.

Among the insiders who sold shares, Chan Mary S disposed of 24,627 shares on Mar 05 ’24 at a per-share price of $0.68. This resulted in the Chief Operating Officer holding 546,230 shares of NKLA after the transaction. In another insider transaction, Hoefelmann Dirk Ole sold 5,100 shares at $0.68 per share on Mar 05 ’24. Company shares held by the President, Energy now total 294,900.

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. 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 -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of -$0.09 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.3 in the last quarter, which was -114.30% lower than expectations of -$0.14.

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. 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 $0.54, while its Total Shareholder’s Equity was $693.57M.

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, 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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