NKLA vs. SHYF, LOT, LEV, PSNY, CHPT, LAZR, MLR, SMP, EVGO, and PLOW
Should you be buying Nikola stock or one of its competitors? The main competitors of Nikola include The Shyft Group (SHYF), Lotus Technology (LOT), Lion Electric (LEV), Polestar Automotive Holding UK (PSNY), ChargePoint (CHPT), Luminar Technologies (LAZR), Miller Industries (MLR), Standard Motor Products (SMP), EVgo (EVGO), and Douglas Dynamics (PLOW). These companies are all part of the "auto/tires/trucks" sector.
The Shyft Group (NASDAQ:SHYF) and Nikola (NASDAQ:NKLA) are both small-cap auto/tires/trucks companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, institutional ownership, community ranking, dividends, media sentiment, risk, valuation, profitability and analyst recommendations.
The Shyft Group has higher revenue and earnings than Nikola. The Shyft Group is trading at a lower price-to-earnings ratio than Nikola, indicating that it is currently the more affordable of the two stocks.
Nikola received 32 more outperform votes than The Shyft Group when rated by MarketBeat users. Likewise, 53.45% of users gave Nikola an outperform vote while only 52.63% of users gave The Shyft Group an outperform vote.
In the previous week, Nikola had 2 more articles in the media than The Shyft Group. MarketBeat recorded 7 mentions for Nikola and 5 mentions for The Shyft Group. Nikola's average media sentiment score of 1.37 beat The Shyft Group's score of 0.41 indicating that The Shyft Group is being referred to more favorably in the media.
The Shyft Group has a beta of 1.69, meaning that its share price is 69% more volatile than the S&P 500. Comparatively, Nikola has a beta of 2.1, meaning that its share price is 110% more volatile than the S&P 500.
85.8% of The Shyft Group shares are held by institutional investors. Comparatively, 37.4% of Nikola shares are held by institutional investors. 2.5% of The Shyft Group shares are held by insiders. Comparatively, 0.7% of Nikola shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.
The Shyft Group has a net margin of 0.01% compared to The Shyft Group's net margin of 0.00%. Nikola's return on equity of 2.76% beat The Shyft Group's return on equity.
The Shyft Group presently has a consensus price target of $14.00, suggesting a potential upside of 10.24%. Nikola has a consensus price target of $1.33, suggesting a potential upside of 152.14%. Given The Shyft Group's higher possible upside, analysts clearly believe Nikola is more favorable than The Shyft Group.
Summary
The Shyft Group beats Nikola on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NKLA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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