Nikolacorp Stock Z Score
NKLA Stock  USD 0.70 0.02 2.78% 
NikolaCorp  Z Score 
NikolaCorp Company Z Score Analysis
NikolaCorp's ZScore is a simple linear, multifactor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
 
 
 
 

NikolaCorp Z Score Driver Correlations
Understanding the fundamental principles of building solid financial models for NikolaCorp is extremely important. It helps to project a fair market value of NikolaCorp Stock properly, considering its historical fundamentals such as Z Score. Since NikolaCorp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NikolaCorp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NikolaCorp's interrelated accounts and indicators.
Click cells to compare fundamentals
To calculate a ZScore, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. ZScores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with ZScores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a socalled 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize zscores proved it to be successful as a predictor of corporate bankruptcy.
Competition 
Based on the company's disclosures, NikolaCorp has a Z Score of 0.0. This is 100.0% lower than that of the Machinery sector and about the same as Industrials (which currently averages 0.0) industry. The z score for all United States stocks is 100.0% higher than that of the company.
NikolaCorp Current Valuation Drivers
We derive many important indicators used in calculating different scores of NikolaCorp from analyzing NikolaCorp's financial statements. These drivers represent accounts that assess NikolaCorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NikolaCorp's important valuation drivers and their relationship over time.
2019  2020  2021  2022  2023  2024 (projected)  
Market Cap  2.7B  5.1B  3.9B  954.3M  699.9M  664.9M  
Enterprise Value  2.6B  4.3B  3.5B  1.1B  518.8M  492.8M 
NikolaCorp Institutional Holders
Institutional Holdings refers to the ownership stake in NikolaCorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NikolaCorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in highprofile magazines, and presentations at investor conferences help move the stock higher, increasing NikolaCorp's value.Shares  
Morgan Stanley  Brokerage Accounts  20231231  4.5 M  
Susquehanna International Group, Llp  20231231  4.3 M  
Mirae Asset Global Investments (korea) Co Ltd  20231231  4.2 M  
The Torontodominion Bank  20231231  4.2 M  
Alps Advisors Inc  20231231  3.3 M  
Weiss Asset Management Lp  20231231  3 M  
Bank Of New York Mellon Corp  20231231  2.6 M  
Goldman Sachs Group Inc  20231231  2.3 M  
Swiss National Bank  20231231  2.1 M  
Norges Bank  20231231  107 M  
Vanguard Group Inc  20231231  77.1 M 
NikolaCorp Fundamentals
Return On Equity  1.39  
Return On Asset  0.31  
Operating Margin  (10.18) %  
Current Valuation  781.86 M  
Shares Outstanding  1.34 B  
Shares Owned By Insiders  7.45 %  
Shares Owned By Institutions  33.54 %  
Number Of Shares Shorted  239.05 M  
Price To Book  1.34 X  
Price To Sales  28.55 X  
Revenue  35.84 M  
Gross Profit  (104.76 M)  
EBITDA  (606.6 M)  
Net Income  (864.62 M)  
Cash And Equivalents  319.94 M  
Cash Per Share  0.67 X  
Total Debt  284.86 M  
Debt To Equity  0.54 %  
Current Ratio  1.75 X  
Book Value Per Share  0.54 X  
Cash Flow From Operations  (501.14 M)  
Short Ratio  2.75 X  
Earnings Per Share  (1.21) X  
Price To Earnings To Growth  (0.10) X  
Target Price  1.79  
Number Of Employees  870  
Beta  1.95  
Market Capitalization  1.02 B  
Total Asset  1.31 B  
Retained Earnings  (3.07 B)  
Working Capital  312.31 M  
Net Asset  1.31 B 
About NikolaCorp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NikolaCorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NikolaCorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NikolaCorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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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.