Nikola (NKLA) Stock Price, News & Analysis

$0.62
-0.02 (-3.13%)
(As of 04/24/2024 ET)
Today's Range
$0.62
$0.66
50-Day Range
$0.60
$1.04
52-Week Range
$0.52
$3.71
Volume
80.67 million shs
Average Volume
96.75 million shs
Market Capitalization
$828.08 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.33

Nikola MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
115.1% Upside
$1.33 Price Target
Short Interest
Healthy
17.90% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.20mentions of Nikola in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$67,857 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.44) to ($0.32) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.96 out of 5 stars

Auto/Tires/Trucks Sector

53rd out of 81 stocks

Motor Vehicles & Car Bodies Industry

16th out of 26 stocks

NKLA stock logo

About Nikola Stock (NASDAQ:NKLA)

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 Stock Price History

NKLA Stock News Headlines

3 Most Active Penny Stocks: Buy, Sell, or Hold
Trading activity is a sure sign that stock price will move; the question then becomes, which direction will it take? While trading volume is a sign of market interest, it never tells you if the bulls or the bears are active.
Nikola (NASDAQ:NKLA) Trading 1.9% Higher
The Best AI Stock to Own in the World Today is Trading for Just $25
“Titan of Tech” Bets Big on Tiny AI Company He’s made as much as 3,250,000% in just three years on companies like Facebook, Airbnb, and PayPal… But our research shows his latest investment could be his most successful venture yet.
Nikola Stock: Buy, Sell, or Hold?
Nikola (NASDAQ:NKLA) Trading 3.9% Higher
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Nikola (NASDAQ:NKLA) Shares Gap Up to $0.72
Why Nikola Stock Tumbled Today
Why Nikola Stock Jumped 40% in March
Massive News for Nikola Stock Investors
Why Nikola Stock Is Climbing Today
Why Nikola Stock Ran Out of Gas Today
See More Headlines
Receive NKLA Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Nikola and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/22/2024
Today
4/24/2024
Next Earnings (Confirmed)
5/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicles & car bodies
Sub-Industry
Automobile Manufacturers
Current Symbol
NASDAQ:NKLA
CUSIP
654110105
Fax
N/A
Employees
870
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$1.33
High Stock Price Target
$2.00
Low Stock Price Target
$1.00
Potential Upside/Downside
+115.1%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-966,280,000.00
Pretax Margin
-2,366.67%

Debt

Sales & Book Value

Annual Sales
$35.84 million
Book Value
$0.54 per share

Miscellaneous

Outstanding Shares
1,335,610,000
Free Float
1,202,054,000
Market Cap
$828.08 million
Optionable
Optionable
Beta
1.99
10 "Recession Proof" Stocks That Will Thrive in Any Market Cover

Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.

Get This Free Report

Key Executives

  • Mr. Stephen J. Girsky (Age 62)
    President, CEO, Principal Financial & Accounting Officer and Director
  • Mr. Britton M. Worthen Esq. (Age 50)
    Chief Legal Officer & Secretary
    Comp: $164.42k
  • Mr. Joseph R. Pike (Age 42)
    Chief Human Resources Officer
    Comp: $470.18k
  • Mr. Thomas B. Okray (Age 61)
    Chief Financial Officer
  • Ms. Mary Shio Chan M.Sc. (Age 61)
    Chief Operating Officer
  • Henry Kwon
    Director of Investor Relations
  • Mr. Bruce Kurtt
    Senior Vice President of Sales & Commercial Operations
  • Umran Ashraf
    Global Head of Vehicle Engineering
  • Mr. Ryan McGeachie
    President of Energy
  • Mr. Dirk Ole Hoefelmann (Age 56)
    President of Energy

NKLA Stock Analysis - Frequently Asked Questions

Should I buy or sell Nikola stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nikola in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 target for 2024?

4 Wall Street research analysts have issued 12-month price targets for Nikola's shares. Their NKLA share price targets range from $1.00 to $2.00. On average, they predict the company's stock price to reach $1.33 in the next year. This suggests a possible upside of 115.1% 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 2024?

Nikola's stock was trading at $0.8748 at the beginning of 2024. Since then, NKLA stock has decreased by 29.1% and is now trading at $0.62.
View the best growth stocks for 2024 here
.

When is Nikola's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our NKLA earnings forecast
.

How can I listen to Nikola's earnings call?

Nikola will be holding an earnings conference call on Tuesday, May 7th at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Nikola's earnings last quarter?

Nikola Co. (NASDAQ:NKLA) posted its quarterly earnings data on Thursday, February, 22nd. The company reported ($0.12) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.05. The firm earned $11.53 million during the quarter, compared to analysts' expectations of $14.52 million. During the same period in the previous year, the company earned ($0.46) earnings per share.

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).

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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NKLA) was last updated on 4/24/2024 by MarketBeat.com Staff

From Our Partners