Nikola Corporation (NASDAQ:NKLA) stock’s Relative Strength Index (RSI) is 67.40, with weekly volatility at 11.09% and ATR at 1.29. The NKLA stock’s 52-week price range has touched low of $9.37 and a $93.99 high. Its shares traded higher over the last trading session, gaining 3.88% on 06/07/21. The shares fell to a low of $16.58 before closing at $17.65. Intraday shares traded counted 10.6 million, which was 26.54% higher than its 30-day average trading volume of 14.43M. NKLA’s previous close was $16.99 while the outstanding shares total 392.19M.
Investors have identified the Auto Manufacturers company Nikola Corporation as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $6.91 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Nikola Corporation (NKLA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 804.39 million total, with 70.97 million as their total liabilities.
NKLA were able to record -83.77 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by -85.53 million. In cash movements, the company had a total of -59.25 million as operating cash flow.
Having a look at the company’s valuation, the company is expected to record -2.13 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NKLA sounds very interesting.
Is the stock of NKLA attractive?
In related news, 10% Owner, Milton Trevor R. sold 3,500,000 shares of the company’s stock in a transaction that recorded on Mar 31. The sale was performed at an average price of 13.89, for a total value of 48,615,000. As the sale deal closes, the 10% Owner, Milton Trevor R. now sold 552,486 shares of the company’s stock, valued at 7,999,997. Also, Executive Chairman, Milton Trevor R. bought 41,400 shares of the company’s stock in a deal that was recorded on Sep 14. The shares were price at an average price of 30.91 per share, with a total market value of 1,279,699. Following this completion of acquisition, the Director, UBBEN JEFFREY W now holds 1,400,000 shares of the company’s stock, valued at 59,766,000. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.80%.
3 out of 10 analysts covering the stock have rated it a Buy, while 6 have maintained a Hold recommendation on Nikola Corporation. 0 analysts has assigned a Sell rating on the NKLA stock. The 12-month mean consensus price target for the company’s shares has been set at $18.17.