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Nikola (NKLA) Stock Forecast, Price & News

$1.38
+0.13 (+10.41%)
(As of 03:03 PM ET)
Compare
Today's Range
$1.20
$1.44
50-Day Range
$0.87
$3.40
52-Week Range
$0.52
$4.10
Volume
70.41 million shs
Average Volume
51.85 million shs
Market Capitalization
$1.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$4.50

Nikola MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
226.1% Upside
$4.50 Price Target
Short Interest
Healthy
19.28% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.42mentions of Nikola in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$180,833 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.83) to ($0.60) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.86 out of 5 stars

Auto/Tires/Trucks Sector

70th out of 95 stocks

Motor Vehicles & Car Bodies Industry

19th out of 30 stocks


NKLA stock logo

About Nikola (NASDAQ:NKLA) Stock

Nikola Corporation is a US-based EV manufacturer and alternative energy company. It was founded in 2014 by Trevor Milton and began delivering its first vehicles in 2021. The company is focused on developing a line of heavy-duty BEV trucks as well as fuel-cell vehicles, fuel-cell and BEV charging facilities and other alternative energy endeavors. The company is committed to the shift to green energy and believes that fuel-cell and BEV technology both have a role to play. Fuel cells offer a greater range until BEV technology can catch up with what is possible from ICE engines.

The company operated as a private entity from its incorporation in 2014 until 2020. At that time, the company came out with multiple concept vehicles that have not come into production. The company came to the public market via an IPO/merger with a SPAC or special purpose acquisition company. The merger was completed in early June 2020 and the stock began trading on June 4th. Later that same year, the company announced it would make its flagship truck's first delivery, the Tre, in early 2021.

Nikola made its first 2 deliveries in January 2021 and had completed 93 trucks by August. The momentum was curtailed, however, by a recall related to safety-belt issues that have no bearing on the operability of the vehicles. The Tre is a Class 8 freight hauler that comes with a 9-battery power pack and can reach 80% charge in under 3 hours. The range of the Tre is about 330 miles, making them good for short-haul scenarios. The original model is the US BEV version with a Day Cab setup. Fuel-cell versions are expected in late 2023 including a Sleeper-Cab setup.

Nikola's shares rose meteorically in the wake of the IPO but a scandal in the C-suite shook the market’s confidence. Founder Trevor Milton was accused of and found guilty of false statements while in position. Those statements included plans for the Badger pickup truck and inflated vehicle-reservation figures. Mr. Milton is still among the company’s largest shareholders.

Today, Nikola is a more focused company. It operates as a technology company working to develop transportation solutions for the commercial market. The company is organized into 2 segments, Truck and Energy, with operations divided between them. The Truck segment manufactures the Tre and is developing additional vehicles to round out the commercial lineup. The Energy segment is building a network of hydrogen and BEV fueling stations.

The goal with fuel cells is to produce hydrogen at a cost comparable to diesel but with the lowest carbon footprint possible. That means utilizing locally available sources and leaning heavily on natural gas for hydrogen production. The company has a strategic partnership with hydrogen producer Plug Power that involves each using the others’ products to build out their respective net-zero emissions networks.

Nikola's revenue in 2022 was just over $18 million. The company employs about 900 people directly and is headquartered in Phoenix, Arizona.



NKLA Price History

NKLA Stock News Headlines

What's Going On With Nikola Corporation Shares?
The Next Best AI Stock to Watch After Nvidia
This emerging NASDAQ company may be the best AI stock to watch in the AI boom.
Nikola Will Burn Investors
What's Going On With Nikola Corporation Stock Today?
Nikola Sees Unusually Large Options Volume (NASDAQ:NKLA)
This Stock Could Go Up 66% or More.
Marc Chaikin built the system that isolated NVDA before it became the best-performing stock of 2023.  Click here to get his latest buy.  More here.
Why Nikola Corporation Stock Is Trending
Nikola (NASDAQ:NKLA) Sees Large Volume Increase
Can New CEO Steve Girsky Save Nikola (NKLA) Stock?
Nikola: The Dream Is Over
Is Trending Stock Nikola Corporation (NKLA) a Buy Now?
Nikola: More Capital Doesn't Solve Its Problems
NKLA Stock Alert: Nikola Plunges on New Note Offering
NKLA Stock Alert: Nikola Issues Major Truck Recall
See More Headlines
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NKLA Company Calendar

Last Earnings
8/04/2023
Today
9/25/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobile Manufacturers
Current Symbol
NASDAQ:NKLA
CUSIP
654110105
Fax
N/A
Employees
1,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$4.50
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$1.00
Forecasted Upside/Downside
+260.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$-784,240,000.00
Net Margins
-1,475.52%
Pretax Margin
-1,282.75%

Debt

Sales & Book Value

Annual Sales
$50.83 million
Book Value
$1.10 per share

Miscellaneous

Free Float
701,511,000
Market Cap
$974.33 million
Optionable
Optionable
Beta
2.01
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Key Executives

  • Mr. Stephen J. Girsky (Age 61)
    Pres, CEO & Director
  • Mr. Britton M. Worthen Esq. (Age 49)
    Chief Legal Officer & Sec.
    Comp: $164.42k
  • Mr. Joseph R. Pike (Age 41)
    Chief HR Officer
    Comp: $470.18k
  • Mr. Michael Lohscheller (Age 55)
    Advisor
    Comp: $229.64k
  • Ms. Anastasiya Pasterick
    CFO, VP & Corp. Controller
  • Henry Kwon
    Director of Investor Relations
  • Mr. Bruce Kurtt
    Sr. VP of Sales & Commercial Operations
  • Mr. Michael Lee Erickson
    Global Head of BEV
  • Umran Ashraf
    Global Head of Vehicle Engineering
  • Mr. Mark Keith
    Global Head of Bus. Devel. and Service













NKLA Stock - Frequently Asked Questions

Should I buy or sell Nikola stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nikola in the last year. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" NKLA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NKLA, but not buy additional shares or sell existing shares.
View NKLA analyst ratings
or view top-rated stocks.

What is Nikola's stock price forecast for 2023?

7 brokers have issued 12 month price targets for Nikola's shares. Their NKLA share price forecasts range from $1.00 to $10.00. On average, they expect the company's share price to reach $4.50 in the next year. This suggests a possible upside of 260.0% from the stock's current price.
View analysts price targets for NKLA
or view top-rated stocks among Wall Street analysts.

How have NKLA shares performed in 2023?

Nikola's stock was trading at $2.16 at the start of the year. Since then, NKLA shares have decreased by 42.1% and is now trading at $1.25.
View the best growth stocks for 2023 here
.

When is Nikola's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our NKLA earnings forecast
.

How were Nikola's earnings last quarter?

Nikola Co. (NASDAQ:NKLA) announced its quarterly earnings data on Friday, August, 4th. The company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.03. The company earned $15.36 million during the quarter, compared to analyst estimates of $14.68 million. Nikola had a negative net margin of 1,475.52% and a negative trailing twelve-month return on equity of 146.64%.

What guidance has Nikola issued on next quarter's earnings?

Nikola issued an update on its third quarter 2023 earnings guidance on Saturday, August, 5th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $18.00 million-$28.00 million, compared to the consensus revenue estimate of $30.53 million.

What other stocks do shareholders of Nikola own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Nikola investors own include Tesla (TSLA), NIO (NIO), NVIDIA (NVDA), Moderna (MRNA), Advanced Micro Devices (AMD), Block (SQ), Boeing (BA), QUALCOMM (QCOM), Micron Technology (MU) and Zoom Video Communications (ZM).

What is Nikola's stock symbol?

Nikola trades on the NASDAQ under the ticker symbol "NKLA."

Who are Nikola's major shareholders?

Nikola's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Citigroup Inc. (0.00%), BlackRock Inc. (5.55%), State Street Corp (1.77%), Geode Capital Management LLC (1.49%), Northern Trust Corp (0.67%) and Van ECK Associates Corp (0.60%). Insiders that own company stock include Anastasiya Pasterick, Carey Mendes, Mark A Russell, Michael Lohscheller, Pablo M Koziner, Trevor R Milton and Trevor R Milton.
View institutional ownership trends
.

How do I buy shares of Nikola?

Shares of NKLA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Nikola's stock price today?

One share of NKLA stock can currently be purchased for approximately $1.25.

How much money does Nikola make?

Nikola (NASDAQ:NKLA) has a market capitalization of $974.33 million and generates $50.83 million in revenue each year. The company earns $-784,240,000.00 in net income (profit) each year or ($1.62) on an earnings per share basis.

How many employees does Nikola have?

The company employs 1,500 workers across the globe.

How can I contact Nikola?

Nikola's mailing address is 4141 E BROADWAY ROAD, PHOENIX AZ, 85040. The official website for the company is usa.visa.com. The company can be reached via phone at (480) 666-1038 or via email at investors@nikolamotor.com.

This page (NASDAQ:NKLA) was last updated on 9/25/2023 by MarketBeat.com Staff

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