Nikolacorp Stock Probability of Future Stock Price Finishing Over 0.63

NKLA Stock  USD 0.63  0.01  1.56%   
NikolaCorp's implied volatility is one of the determining factors in the pricing options written on NikolaCorp. Implied volatility approximates the future value of NikolaCorp based on the option's current value. Options with high implied volatility have higher premiums and can be used to hedge the downside of investing in NikolaCorp over a specific time period. For example, 2024-04-26 CALL at $0.5 is a CALL option contract on NikolaCorp's common stock with a strick price of 0.5 expiring on 2024-04-26. The contract was last traded on 2024-04-19 at 15:51:05 for $0.16 and, as of today, has 4 days remaining before the expiration. The option is currently trading at a bid price of $0.15, and an ask price of $0.16. The implied volatility as of the 23rd of April is 218.37. View All NikolaCorp options

Closest to current price NikolaCorp long CALL Option Payoff at Expiration

NikolaCorp's future price is the expected price of NikolaCorp instrument. It is based on its current growth rate as well as the projected cash flow expected by the investors. This tool provides a mechanism to make assumptions about the upside potential and downside risk of NikolaCorp performance during a given time horizon utilizing its historical volatility. Check out NikolaCorp Backtesting, NikolaCorp Valuation, NikolaCorp Correlation, NikolaCorp Hype Analysis, NikolaCorp Volatility, NikolaCorp History as well as NikolaCorp Performance.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
  
The current year's Price Earnings To Growth Ratio is expected to grow to 0.03, whereas Price To Sales Ratio is forecasted to decline to 18.55. Please specify NikolaCorp's target price for which you would like NikolaCorp odds to be computed.

NikolaCorp Target Price Odds to finish over 0.63

The tendency of NikolaCorp Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
Current PriceHorizonTarget PriceOdds to move above the current price in 90 days
 0.63 90 days 0.63 
about 84.13
Based on a normal probability distribution, the odds of NikolaCorp to move above the current price in 90 days from now is about 84.13 (This NikolaCorp probability density function shows the probability of NikolaCorp Stock to fall within a particular range of prices over 90 days) .
Given the investment horizon of 90 days the stock has the beta coefficient of 3.1 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NikolaCorp will likely underperform. Additionally NikolaCorp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
   NikolaCorp Price Density   
       Price  

Predictive Modules for NikolaCorp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as NikolaCorp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NikolaCorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
0.030.636.97
Details
Intrinsic
Valuation
LowRealHigh
0.051.077.41
Details
8 Analysts
Consensus
LowTargetHigh
2.202.422.69
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.11-0.09-0.09
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NikolaCorp. Your research has to be compared to or analyzed against NikolaCorp's peers to derive any actionable benefits. When done correctly, NikolaCorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NikolaCorp.

NikolaCorp Risk Indicators

For the most part, the last 10-20 years have been a very volatile time for the stock market. NikolaCorp is not an exception. The market had few large corrections towards the NikolaCorp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold NikolaCorp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of NikolaCorp within the framework of very fundamental risk indicators.
α
Alpha over NYSE Composite
-0.02
β
Beta against NYSE Composite3.10
σ
Overall volatility
0.11
Ir
Information ratio 0.02

NikolaCorp Alerts and Suggestions

In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of NikolaCorp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for NikolaCorp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.
NikolaCorp had very high historical volatility over the last 90 days
NikolaCorp has some characteristics of a very speculative penny stock
NikolaCorp has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M).
NikolaCorp currently holds about 319.94 M in cash with (501.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Latest headline from zacks.com: Here is What to Know Beyond Why Nikola Corporation is a Trending Stock

NikolaCorp Price Density Drivers

Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of NikolaCorp Stock often depends not only on the future outlook of the current and potential NikolaCorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NikolaCorp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding800 M
Cash And Short Term Investments465.9 M

NikolaCorp Technical Analysis

NikolaCorp's future price can be derived by breaking down and analyzing its technical indicators over time. NikolaCorp Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of NikolaCorp. In general, you should focus on analyzing NikolaCorp Stock price patterns and their correlations with different microeconomic environments and drivers.

NikolaCorp Predictive Forecast Models

NikolaCorp's time-series forecasting models is one of many NikolaCorp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary NikolaCorp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.

Things to note about NikolaCorp

Checking the ongoing alerts about NikolaCorp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for NikolaCorp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
NikolaCorp had very high historical volatility over the last 90 days
NikolaCorp has some characteristics of a very speculative penny stock
NikolaCorp has a very high chance of going through financial distress in the upcoming years
The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M).
NikolaCorp currently holds about 319.94 M in cash with (501.14 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Latest headline from zacks.com: Here is What to Know Beyond Why Nikola Corporation is a Trending Stock
When determining whether NikolaCorp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of NikolaCorp's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Nikolacorp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikolacorp Stock:
Check out NikolaCorp Backtesting, NikolaCorp Valuation, NikolaCorp Correlation, NikolaCorp Hype Analysis, NikolaCorp Volatility, NikolaCorp History as well as NikolaCorp Performance.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.

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When running NikolaCorp's price analysis, check to measure NikolaCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.
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Is NikolaCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NikolaCorp. If investors know NikolaCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(1.21)
Revenue Per Share
0.045
Quarterly Revenue Growth
0.757
Return On Assets
(0.31)
Return On Equity
(1.39)
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.