S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
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Stock market today: Wall Street drifts to a mixed finish as yields tick higher
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'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Wall Street drifts to a mixed finish as yields tick higher
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
These are the Top 4 Stocks for Buybacks in 2024
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China

Nikola (NKLA) Competitors

$0.66
+0.02 (+3.13%)
(As of 04/18/2024 ET)

NKLA vs. SHYF, LEV, PSNY, AXL, SMP, CHPT, BLBD, MLR, WNC, and EVGO

Should you be buying Nikola stock or one of its competitors? The main competitors of Nikola include The Shyft Group (SHYF), Lion Electric (LEV), Polestar Automotive Holding UK (PSNY), American Axle & Manufacturing (AXL), Standard Motor Products (SMP), ChargePoint (CHPT), Blue Bird (BLBD), Miller Industries (MLR), Wabash National (WNC), and EVgo (EVGO). These companies are all part of the "auto/tires/trucks" sector.

Nikola vs.

Nikola (NASDAQ:NKLA) and The Shyft Group (NASDAQ:SHYF) are both small-cap auto/tires/trucks companies, but which is the better stock? We will contrast the two businesses based on the strength of their valuation, risk, earnings, institutional ownership, community ranking, media sentiment, analyst recommendations, profitability and dividends.

Nikola presently has a consensus target price of $1.33, suggesting a potential upside of 107.23%. The Shyft Group has a consensus target price of $14.00, suggesting a potential upside of 34.49%. Given Nikola's higher possible upside, equities research analysts plainly believe Nikola is more favorable than The Shyft Group.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Nikola
0 Sell rating(s)
3 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.25
The Shyft Group
0 Sell rating(s)
3 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.50

The Shyft Group has higher revenue and earnings than Nikola. Nikola is trading at a lower price-to-earnings ratio than The Shyft Group, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Nikola$35.84M23.98-$966.28M-$1.26-0.51
The Shyft Group$872.20M0.41$6.50M$0.1857.84

Nikola received 31 more outperform votes than The Shyft Group when rated by MarketBeat users. Likewise, 53.04% of users gave Nikola an outperform vote while only 52.63% of users gave The Shyft Group an outperform vote.

CompanyUnderperformOutperform
NikolaOutperform Votes
61
53.04%
Underperform Votes
54
46.96%
The Shyft GroupOutperform Votes
30
52.63%
Underperform Votes
27
47.37%

Nikola has a beta of 1.99, meaning that its share price is 99% more volatile than the S&P 500. Comparatively, The Shyft Group has a beta of 1.67, meaning that its share price is 67% more volatile than the S&P 500.

37.4% of Nikola shares are owned by institutional investors. Comparatively, 85.8% of The Shyft Group shares are owned by institutional investors. 10.0% of Nikola shares are owned by company insiders. Comparatively, 2.5% of The Shyft Group shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, large money managers and endowments believe a stock is poised for long-term growth.

In the previous week, Nikola had 4 more articles in the media than The Shyft Group. MarketBeat recorded 8 mentions for Nikola and 4 mentions for The Shyft Group. The Shyft Group's average media sentiment score of 1.00 beat Nikola's score of -0.19 indicating that The Shyft Group is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Nikola
2 Very Positive mention(s)
0 Positive mention(s)
4 Neutral mention(s)
2 Negative mention(s)
0 Very Negative mention(s)
Neutral
The Shyft Group
1 Very Positive mention(s)
1 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

The Shyft Group has a net margin of 0.74% compared to Nikola's net margin of 0.00%. The Shyft Group's return on equity of 4.91% beat Nikola's return on equity.

Company Net Margins Return on Equity Return on Assets
NikolaN/A -122.20% -61.92%
The Shyft Group 0.74%4.91%2.38%

Summary

The Shyft Group beats Nikola on 11 of the 19 factors compared between the two stocks.

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New MarketBeat Followers Over Time

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.
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Media Sentiment Over Time

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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NKLA vs. The Competition

MetricNikolaMotor vehicles & car bodies IndustryAuto SectorNASDAQ Exchange
Market Cap$888.32M$31.40B$13.87B$7.50B
Dividend YieldN/A1.70%2.42%3.99%
P/E Ratio-0.5110.2411.6513.76
Price / Sales23.983.6512.3188.22
Price / CashN/A11.2310.5035.01
Price / Book1.192.342.054.19
Net Income-$966.28M$2.46B$1.13B$212.33M
7 Day Performance-10.26%-5.85%-7.39%-4.60%
1 Month Performance6.68%-5.66%-7.49%-3.16%
1 Year Performance-34.21%-12.46%-13.73%4.59%

Nikola Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
SHYF
The Shyft Group
4.3152 of 5 stars
$11.00
-2.7%
$14.00
+27.3%
-56.1%$377.67M$872.20M61.113,000Upcoming Earnings
Positive News
LEV
Lion Electric
1.1114 of 5 stars
$1.07
-3.6%
$2.36
+121.0%
-47.7%$242.02M$253.50M-2.331,350News Coverage
Gap Down
PSNY
Polestar Automotive Holding UK
0.3914 of 5 stars
$1.31
-1.5%
$3.83
+193.5%
-66.4%$2.79B$2.46B0.002,377News Coverage
AXL
American Axle & Manufacturing
2.156 of 5 stars
$7.02
+0.3%
$7.70
+9.8%
-9.2%$824.54M$6.08B-25.0519,000
SMP
Standard Motor Products
3.57 of 5 stars
$32.01
0.0%
N/A-11.9%$701.66M$1.36B20.795,200Positive News
CHPT
ChargePoint
1.862 of 5 stars
$1.51
-5.0%
$6.14
+308.1%
-84.7%$629.14M$506.64M-1.211,650News Coverage
BLBD
Blue Bird
3.5397 of 5 stars
$36.01
+1.4%
$34.58
-4.0%
+81.5%$1.16B$1.13B18.951,830News Coverage
Positive News
MLR
Miller Industries
0 of 5 stars
$50.48
+0.0%
N/A+41.7%$578.00M$1.15B9.961,821Positive News
WNC
Wabash National
2.9108 of 5 stars
$26.68
+0.7%
$24.00
-10.0%
+15.1%$1.20B$2.54B5.556,700Upcoming Earnings
Analyst Upgrade
EVGO
EVgo
1.5265 of 5 stars
$1.88
-0.5%
$5.19
+175.9%
-71.2%$566.86M$160.95M-4.00292

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This page (NASDAQ:NKLA) was last updated on 4/18/2024 by MarketBeat.com Staff

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