Nikola Corp Stock Price on June 19, 2024

NKLA Stock  USD 9.70  0.20  2.02%   
Below is the normalized historical share price chart for Nikola Corp extending back to June 11, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Nikola Corp stands at 9.70, as last reported on the 24th of July, with the highest price reaching 10.09 and the lowest price hitting 9.27 during the day.
IPO Date
11th of June 2018
200 Day MA
22.0575
50 Day MA
12.7363
Beta
2.086
 
Covid
If you're considering investing in Nikola Stock, it is important to understand the factors that can impact its price. Nikola Corp has Sharpe Ratio of -0.11, which conveys that the firm had a -0.11% return per unit of risk over the last 3 months. Nikola Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nikola Corp's Risk Adjusted Performance of (0.07), standard deviation of 6.43, and Mean Deviation of 4.28 to check out the risk estimate we provide.
  
At present, Nikola Corp's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 139.7 K, whereas Total Stockholder Equity is forecasted to decline to about 615.6 M. . The current year's Price Earnings To Growth Ratio is expected to grow to 0.76, whereas Price To Sales Ratio is forecasted to decline to 556.47. Nikola Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1094

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Estimated Market Risk

 6.62
  actual daily
58
58% of assets are less volatile

Expected Return

 -0.72
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.11
  actual daily
0
Most of other assets perform better
Based on monthly moving average Nikola Corp is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nikola Corp by adding Nikola Corp to a well-diversified portfolio.
Price Book
1.3006
Enterprise Value Ebitda
(1.03)
Price Sales
26.0982
Shares Float
43.8 M
Wall Street Target Price
29

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Nikola Corp Valuation on June 19, 2024

It is possible to determine the worth of Nikola Corp on a given historical date. On June 19, 2024 Nikola was worth 14.73 at the beginning of the trading date compared to the closed value of 14.43. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nikola Corp stock. Still, in general, we apply an absolute valuation method to find Nikola Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nikola Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nikola Corp's related companies.
 Open High Low Close Volume
  15.12    15.12    14.45    14.73    1,790,581  
06/18/2024
  14.73    14.85    14.21    14.43    1,840,231  
  12.68    12.78    9.63    9.89    8,994,303  
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Open Value
14.73
14.43
Closing Value
34.59
Upside

Nikola Corp Trading Date Momentum on June 19, 2024

On June 20 2024 Nikola Corp was traded for  9.89  at the closing time. The top price for the day was 12.78  and the lowest listed price was  9.63 . The trading volume for the day was 9 M. The trading history from June 20, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 31.46% . The trading delta at closing time against the current closing price is 40.26% .

Nikola Corp Fundamentals Correlations and Trends

By evaluating Nikola Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nikola Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nikola financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Nikola Corp Stock history

Nikola Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nikola is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nikola Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nikola Corp stock prices may prove useful in developing a viable investing in Nikola Corp
Last ReportedProjected for Next Year
Common Stock Shares Outstanding800 M451.9 M
Net Loss-705.8 M-670.5 M

Nikola Corp Quarterly Net Working Capital

198.02 Million

Nikola Corp Stock Technical Analysis

Nikola Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Nikola Corp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Nikola Corp trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Nikola Corp Period Price Range

Low
July 24, 2024
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High

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Nikola Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Nikola Corp July 24, 2024 Market Strength

Market strength indicators help investors to evaluate how Nikola Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nikola Corp shares will generate the highest return on investment. By undertsting and applying Nikola Corp stock market strength indicators, traders can identify Nikola Corp entry and exit signals to maximize returns

Nikola Corp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Nikola Corp's price direction in advance. Along with the technical and fundamental analysis of Nikola Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nikola to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.

Complementary Tools for Nikola Stock analysis

When running Nikola Corp's price analysis, check to measure Nikola Corp'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 Nikola Corp is operating at the current time. Most of Nikola Corp's value examination focuses on studying past and present price action to predict the probability of Nikola Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nikola Corp's price. Additionally, you may evaluate how the addition of Nikola Corp to your portfolios can decrease your overall portfolio volatility.
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