NASDAQ:NKLA

Nikola (NKLA) Stock Price, News & Analysis

$0.53
-0.01 (-1.84%)
(As of 05/17/2024 ET)
Today's Range
$0.53
$0.56
50-Day Range
$0.53
$1.04
52-Week Range
$0.52
$3.71
Volume
58.05 million shs
Average Volume
82.25 million shs
Market Capitalization
$725.62 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$1.33

Nikola MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
149.3% Upside
$1.33 Price Target
Short Interest
Bearish
17.01% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.43mentions of Nikola in the last 14 days
Based on 6 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.

1.34 out of 5 stars

Auto/Tires/Trucks Sector

65th out of 81 stocks

Motor Vehicles & Car Bodies Industry

17th 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

What's Going On With Nikola's Stock?
Should You Buy Nikola Stock Today?
Nikola (NKLA) Q1 2024 Earnings Call Transcript
Nikola Corporation Q1 Loss Beats Estimates
Revenue Woes Drag Down Nikola (NKLA) Stock
3 EV Stocks That Could Be Heading Six-Feet Under
See More Headlines
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Company Calendar

Last Earnings
2/22/2024
Today
5/18/2024
Next Earnings (Estimated)
8/02/2024
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
+149.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
4 Analysts

Profitability

Net Income
$-966,280,000.00
Pretax Margin
-2,629.94%

Debt

Sales & Book Value

Annual Sales
$35.84 million
Book Value
$0.43 per share

Miscellaneous

Outstanding Shares
1,356,550,000
Free Float
1,346,513,000
Market Cap
$725.62 million
Optionable
Optionable
Beta
2.10
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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 equities research analysts have issued "buy," "hold," and "sell" ratings for Nikola in the last twelve months. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" NKLA shares.
View NKLA analyst ratings
or view top-rated stocks.

What is Nikola's stock price target for 2024?

4 brokers have issued 12-month price objectives for Nikola's stock. Their NKLA share price targets range from $1.00 to $2.00. On average, they anticipate the company's stock price to reach $1.33 in the next twelve months. This suggests a possible upside of 149.3% 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 on January 1st, 2024. Since then, NKLA stock has decreased by 38.9% and is now trading at $0.5349.
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 Friday, August 2nd 2024.
View our NKLA earnings forecast
.

How were Nikola's earnings last quarter?

Nikola Co. (NASDAQ:NKLA) released its earnings results on Thursday, February, 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $11.53 million for the quarter, compared to the consensus estimate of $14.52 million. During the same period last year, the company posted ($0.46) EPS.

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).

Who are Nikola's major shareholders?

Nikola's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.92%), Van ECK Associates Corp (0.79%), Jane Street Group LLC (0.00%), Mirae Asset Global Investments Co. Ltd. (0.34%), SG Americas Securities LLC (0.28%) and Swiss National Bank (0.16%). Insiders that own company stock include Anastasiya Pasterick, Carey Mendes, Joseph R Pike, Mark A Russell, Mary S Chan, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:NKLA) was last updated on 5/19/2024 by MarketBeat.com Staff

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