Nikolacorp Stock Price on September 30, 2023

NKLA Stock  USD 0.53  0  0.57%   
Below is the normalized historical share price chart for NikolaCorp 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 NikolaCorp stands at 0.53, as last reported on the 21st of May, with the highest price reaching 0.56 and the lowest price hitting 0.53 during the day.
IPO Date
11th of June 2018
200 Day MA
0.981
50 Day MA
0.701
Beta
2.102
 
Covid
If you're considering investing in NikolaCorp Stock, it is important to understand the factors that can impact its price. NikolaCorp has Sharpe Ratio of -0.2, which conveys that the firm had a -0.2% return per unit of risk over the last month. NikolaCorp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NikolaCorp's Mean Deviation of 2.96, standard deviation of 3.74, and Risk Adjusted Performance of (0.13) to check out the risk estimate we provide.
  
At present, NikolaCorp'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 0.03, whereas Price To Sales Ratio is forecasted to decline to 18.55. NikolaCorp Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1974

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Estimated Market Risk

 3.8
  actual daily
33
67% of assets are more volatile

Expected Return

 -0.75
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.2
  actual daily
0
Most of other assets perform better
Based on monthly moving average NikolaCorp 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 NikolaCorp by adding NikolaCorp to a well-diversified portfolio.
Price Book
1.3006
Enterprise Value Ebitda
(1.03)
Price Sales
26.0982
Shares Float
1.3 B
Wall Street Target Price
1.64

NikolaCorp Valuation on September 30, 2023

It is possible to determine the worth of NikolaCorp on a given historical date. On September 30, 2023 NikolaCorp was worth 1.69 at the beginning of the trading date compared to the closed value of 1.57. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of NikolaCorp stock. Still, in general, we apply an absolute valuation method to find NikolaCorp'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 NikolaCorp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against NikolaCorp's related companies.
 Open High Low Close Volume
  1.59    1.69    1.50    1.65    70,022,247  
09/29/2023
  1.69    1.70    1.53    1.57    75,220,923  
  1.53    1.58    1.38    1.41    60,966,416  
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Open Value
1.69
1.57
Closing Value
13.10
Upside

NikolaCorp Trading Date Momentum on September 30, 2023

On October 02 2023 NikolaCorp was traded for  1.41  at the closing time. The top price for the day was 1.58  and the lowest listed price was  1.38 . The trading volume for the day was 61 M. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 10.19% . The trading delta at closing time against the current closing price is 14.01% .

NikolaCorp Fundamentals Correlations and Trends

By evaluating NikolaCorp'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 NikolaCorp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. NikolaCorp financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About NikolaCorp Stock history

NikolaCorp 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 NikolaCorp is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in NikolaCorp 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 NikolaCorp stock prices may prove useful in developing a viable investing in NikolaCorp
Last ReportedProjected for Next Year
Common Stock Shares Outstanding800 M451.9 M
Net Loss-705.8 M-670.5 M

NikolaCorp Quarterly Net Working Capital

198.02 Million

NikolaCorp Stock Technical Analysis

NikolaCorp 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 NikolaCorp technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of NikolaCorp 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

NikolaCorp Period Price Range

Low
September 29, 2023
-0.12  -7.1%
High

 1.69 

     

 1.57 

NikolaCorp May 21, 2024 Market Strength

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

NikolaCorp Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for NikolaCorp's price direction in advance. Along with the technical and fundamental analysis of NikolaCorp Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of NikolaCorp 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.
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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NikolaCorp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

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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
(1.06)
Revenue Per Share
0.033
Quarterly Revenue Growth
(0.30)
Return On Assets
(0.35)
Return On Equity
(1.53)
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.