Nikola Corp (NASDAQ: NKLA): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that NIKOLA CELEBRATES GRAND OPENING OF FIRST HYLA REFUELING STATION IN SOUTHERN CALIFORNIA.

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Stocks Info

NKLA belongs to the Industrials sector of the NASDAQ while operating in the Farm & Heavy Construction Machinery industry. The current market capitalization of Nikola Corp is $1.38B. A total of 123.99 million shares were traded on the day, compared to an average of 93.23M 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. 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

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 $0.54, while its Total Shareholder’s Equity was $693.57M.

Analysts Opinion

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. 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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