Nikolacorp Stock Price on November 2, 2023
| NKLA Stock | USD 0.53 0.01 1.85% |
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 26th of May, with the highest price reaching 0.54 and the lowest price hitting 0.52 during the day.
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 -0.0506, which conveys that the firm had a -0.0506% return per unit of risk over the last 3 months. NikolaCorp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify NikolaCorp's Risk Adjusted Performance of (0.01), standard deviation of 5.92, and Mean Deviation of 4.13 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.
IPO Date 11th of June 2018 | 200 Day MA 0.9321 | 50 Day MA 0.6894 | Beta 2.102 |
NikolaCorp |
Sharpe Ratio = -0.0506
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| Negative Returns | NKLA |
Estimated Market Risk
| 5.82 actual daily | 51 51% of assets are less volatile |
Expected Return
| -0.29 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 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 1.42 |
NikolaCorp Valuation on November 2, 2023
It is possible to determine the worth of NikolaCorp on a given historical date. On November 2, 2023 NikolaCorp was worth 1.03 at the beginning of the trading date compared to the closed value of 1.16. 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 | |
| 1.10 | 1.10 | 1.01 | 1.05 | 32,248,870 | |
11/02/2023 | 1.03 | 1.17 | 1.01 | 1.16 | 76,110,535 |
| 1.13 | 1.28 | 1.11 | 1.14 | 63,386,840 |
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NikolaCorp Trading Date Momentum on November 2, 2023
| On November 03 2023 NikolaCorp was traded for 1.14 at the closing time. The top price for the day was 1.28 and the lowest listed price was 1.11 . The trading volume for the day was 63.4 M. The trading history from November 3, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 1.72% . The trading delta at closing time against the current closing price is 16.38% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 800 M | 451.9 M | |
| Net Loss | -705.8 M | -670.5 M |
NikolaCorp Quarterly Net Working Capital |
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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.
Price Boundaries
NikolaCorp Period Price Range
Low | November 2, 2023
| High |
1.03 | 1.16 |
NikolaCorp May 26, 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.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (0.64) | |||
| Treynor Ratio | (0.10) |
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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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for NikolaCorp Stock analysis
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.