Nikola Corp (NKLA): A Case For Going Higher

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.

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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 $474.36M. A total of 14.27 million shares were traded on the day, compared to an average of 3.24M shares.

In the most recent transaction, Hoefelmann Dirk Ole sold 17,030 shares of NKLA for 0.51 per share on Jun 04 ’24. After the transaction, the President, Energy now owns 1,514,870 company shares. In a previous transaction on May 20 ’24, Girsky Stephen J bought 1,000,000 shares at 0.54 per share. NKLA shares that Chief Executive Officer owns now total 7,243,005.

Among the insiders who sold shares, Worthen Britton M. disposed of 109,980 shares on Mar 05 ’24 at a per-share price of $0.68. This resulted in the Chief Legal Officer holding 647,449 shares of NKLA after the transaction. In another insider transaction, Pike Joseph R. sold 75,162 shares at $0.68 per share on Mar 05 ’24. Company shares held by the Chief Human Resources Officer now total 429,790.

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 $111.30 and a low of $7.25.

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 $13.10, 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 3.40.

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