Nikola Corp Stock Performance

NKLA Stock  USD 9.98  0.01  0.10%   
The company secures a Beta (Market Risk) of 0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nikola Corp's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nikola Corp is expected to be smaller as well. At this point, Nikola Corp has a negative expected return of -0.86%. Please make sure to verify Nikola Corp's maximum drawdown, daily balance of power, period momentum indicator, as well as the relationship between the skewness and day typical price , to decide if Nikola Corp performance from the past will be repeated at some point in the near future.

Risk-Adjusted Performance

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Very Weak
Over the last 90 days Nikola Corp has generated negative risk-adjusted returns adding no value to investors with long positions. Despite uncertain performance in the last few months, the Stock's essential indicators remain somewhat strong which may send shares a bit higher in August 2024. The current disturbance may also be a sign of long term up-swing for the company investors. ...more

Actual Historical Performance (%)

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Last Split Date
Acquisition by Stephen Girsky of 78000 shares of NikolaCorp subject to Rule 16b-3
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Begin Period Cash Flow236.4 M

Nikola Corp Relative Risk vs. Return Landscape

If you would invest  1,961  in Nikola Corp on April 14, 2024 and sell it today you would lose (963.00) from holding Nikola Corp or give up 49.11% of portfolio value over 90 days. Nikola Corp is currently does not generate positive expected returns and assumes 6.4285% risk (volatility on return distribution) over the 90 days horizon. In different words, 57% of stocks are less volatile than Nikola, and 99% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon.
  Expected Return   
Given the investment horizon of 90 days Nikola Corp is expected to under-perform the market. In addition to that, the company is 11.16 times more volatile than its market benchmark. It trades about -0.13 of its total potential returns per unit of risk. The Dow Jones Industrial is currently generating roughly 0.17 per unit of volatility.

Nikola Corp Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Nikola Corp's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as Nikola Corp, and traders can use it to determine the average amount a Nikola Corp's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = -0.1339

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Negative ReturnsNKLA

Estimated Market Risk

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57% of assets are less volatile

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Risk-Adjusted Return

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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.

Nikola Corp Fundamentals Growth

Nikola Stock prices reflect investors' perceptions of the future prospects and financial health of Nikola Corp, and Nikola Corp fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Nikola Stock performance.

About Nikola Corp Performance

By analyzing Nikola Corp's fundamental ratios, stakeholders can gain valuable insights into Nikola Corp's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Nikola Corp has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Nikola Corp has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Last ReportedProjected for Next Year
Days Of Inventory On Hand 79.93  75.94 
Return On Tangible Assets(0.79)(0.83)
Return On Capital Employed(0.61)(0.64)
Return On Assets(0.74)(0.78)
Return On Equity(1.34)(1.41)

Things to note about Nikola Corp performance evaluation

Checking the ongoing alerts about Nikola Corp for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for Nikola Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Nikola Corp generated a negative expected return over the last 90 days
Nikola Corp has high historical volatility and very poor performance
Nikola Corp 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).
Nikola Corp 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.
Latest headline from What the Options Market Tells Us About Nikola
Evaluating Nikola Corp's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Nikola Corp's stock performance include:
  • Analyzing Nikola Corp's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Nikola Corp's stock is overvalued or undervalued compared to its peers.
  • Examining Nikola Corp's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Nikola Corp's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Nikola Corp's management team can help you assess the Company's leadership.
  • Pay attention to analyst opinions and ratings of Nikola Corp's stock. These opinions can provide insight into Nikola Corp's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Nikola Corp's stock performance is not an exact science, and many factors can impact Nikola Corp's stock market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.

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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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