NASDAQ:NKLA

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
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$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: 0.42
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

3.1

Analyst's Opinion

Consensus Rating
Nikola has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.50, Nikola has a forecasted upside of 226.1% from its current price of $1.38.
Amount of Analyst Coverage
Nikola has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
19.28% of the outstanding shares of Nikola have been sold short.
Short Interest Ratio / Days to Cover
Nikola has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Nikola has recently decreased by 4.71%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Nikola does not currently pay a dividend.
Dividend Growth
Nikola does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NKLA.

2.5

News and Social Media Coverage

News Sentiment
Nikola has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Nikola this week, compared to 2 articles on an average week.
Search Interest
Only 195 people have searched for NKLA on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.
MarketBeat Follows
124 people have added Nikola to their MarketBeat watchlist in the last 30 days. This is an increase of 72% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nikola insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $180,833.00 in company stock.
Percentage Held by Insiders
Only 10.00% of the stock of Nikola is held by insiders.
Percentage Held by Institutions
Only 24.17% of the stock of Nikola is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Nikola are expected to grow in the coming year, from ($0.83) to ($0.60) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nikola is -0.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nikola is -0.85, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Nikola has a P/B Ratio of 1.25. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

NKLA Stock News Headlines

September 22, 2023 | benzinga.com

What's Going On With Nikola Corporation Shares?

September 21, 2023 | finance.yahoo.com

NIKOLA CORPORATION APPOINTS JOSEPH S. CAPPELLO AS PRESIDENT OF ENERGY

September 25, 2023 | UNKNOWN (Ad)

The Next Best AI Stock to Watch After Nvidia

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September 21, 2023 | finance.yahoo.com

Here is What to Know Beyond Why Nikola Corporation (NKLA) is a Trending Stock

September 21, 2023 | seekingalpha.com

Nikola Will Burn Investors

September 20, 2023 | benzinga.com

What's Going On With Nikola Corporation Stock Today?

September 19, 2023 | uk.finance.yahoo.com

September 19, 2023 | americanbankingnews.com

Nikola Sees Unusually Large Options Volume (NASDAQ:NKLA)

September 25, 2023 | Chaikin Analytics (Ad)

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September 17, 2023 | markets.businessinsider.com

Why Nikola Corporation Stock Is Trending

September 17, 2023 | americanbankingnews.com

Nikola (NASDAQ:NKLA) Sees Large Volume Increase

September 15, 2023 | finance.yahoo.com

NIKOLA ANNOUNCES EXPANSION OF DEALER SALES AND SERVICE NETWORK INTO CANADA IN PARTNERSHIP WITH ITD INDUSTRIES

September 14, 2023 | investorplace.com

Can New CEO Steve Girsky Save Nikola (NKLA) Stock?

September 14, 2023 | seekingalpha.com

Nikola: The Dream Is Over

September 13, 2023 | seekingalpha.com

Nikola Corporation (NKLA) Hosts CEO Fireside Chat and Q&A Webcast with Steve Girsky Conference (Transcript)

September 9, 2023 | msn.com

Nikola's CEO will go on the hot seat next week following two new battery-electric truck fires

September 7, 2023 | finance.yahoo.com

September 4, 2023 | finanznachrichten.de

Nikola Corporation: Nikola Announces Preliminary Results of Battery Investigations, Voluntarily Recalls 209 Class 8 Battery-Electric Trucks

August 30, 2023 | markets.businessinsider.com

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Nikola Corporation - NKLA

August 29, 2023 | finance.yahoo.com

Nikola Corporation Announces Date for CEO Fireside Chat and Q&A Platform for Stockholders with Steve Girsky

August 24, 2023 | seekingalpha.com

Nikola: More Capital Doesn't Solve Its Problems

August 23, 2023 | investorplace.com

Nikola Preps for Resale of 10 Million Shares of NKLA Stock

August 21, 2023 | seekingalpha.com

Nikola: More Pressure Likely After Ugly Convertible Notes Deal - Sell

August 21, 2023 | msn.com

Nikola plunges after filing to sell up to $325M worth of convertible notes

August 21, 2023 | investorplace.com

NKLA Stock Alert: Nikola Plunges on New Note Offering

August 14, 2023 | investorplace.com

NKLA Stock Alert: Nikola Issues Major Truck Recall

August 14, 2023 | msn.com

Nikola falls sharply after recalling Class Tre battery-electric vehicles

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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

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Motor vehicles & car bodies
Sub-Industry: Automobile Manufacturers
Sector: Auto/Tires/Trucks
Current Symbol: NASDAQ:NKLA
CUSIP: 654110105
CIK: 1731289
Web: usa.visa.com
Phone: (480) 666-1038
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

EPS (Most Recent Fiscal Year): ($1.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-784,240,000.00
Net Margins: -1,475.52%
Pretax Margin: -1,282.75%
Return on Equity: -146.64%
Return on Assets: -67.48%

Debt

Debt-to-Equity Ratio: 0.67
Current Ratio: 1.75
Quick Ratio: 1.37

Sales & Book Value

Annual Sales: $50.83 million
Price / Sales: 19.17
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.10 per share
Price / Book: 1.14

Miscellaneous

Outstanding Shares: 779,460,000
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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 ETFs hold Nikola's stock?: ETFs with the largest weight of Nikola (NASDAQ:NKLA) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), SPDR S&P Kensho Smart Mobility ETF (HAIL), Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV), Roundhill MEME ETF (MEME), iShares Self-Driving EV and Tech ETF (IDRV), ALPS Clean Energy ETF (ACES), Amplify Lithium& Battery Technology ETF (BATT) and First Trust S-Network Future Vehicles & Technology ETF (CARZ).
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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