Nikolacorp Stock Price Prediction

NKLA Stock  USD 0.70  0.01  1.41%   
At this time, the relative strength index (RSI) of NikolaCorp's share price is approaching 47. This indicates that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling NikolaCorp's stock, making its price go up or down.

Oversold Vs Overbought

47

 
Oversold
 
Overbought
NikolaCorp stock price prediction is an act of determining the future value of NikolaCorp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of NikolaCorp's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of NikolaCorp and does not consider all of the tangible or intangible factors available from NikolaCorp's fundamental data. We analyze noise-free headlines and recent hype associated with NikolaCorp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting NikolaCorp's stock price prediction:
EPS Estimate Next Quarter
(0.13)
EPS Estimate Current Year
(0.91)
EPS Estimate Next Year
(0.37)
Wall Street Target Price
1.86
EPS Estimate Current Quarter
(0.15)
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of NikolaCorp based on different types of headlines from major news networks to social media. The NikolaCorp stock price prediction module provides an analysis of price elasticity to changes in media outlook on NikolaCorp over a specific investment horizon. Using NikolaCorp hype-based prediction, you can estimate the value of NikolaCorp from the perspective of NikolaCorp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards NikolaCorp using NikolaCorp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards NikolaCorp using crowd psychology based on the activity and movement of NikolaCorp's stock price.

NikolaCorp Short Interest

A significant increase or decrease in NikolaCorp's short interest from the previous month could be a good indicator of investor sentiment towards NikolaCorp. Short interest can provide insight into the potential direction of NikolaCorp stock and how bullish or bearish investors feel about the market overall. An investor who is long NikolaCorp may also wish to track short interest. As short interest increases, investors should be becoming more worried about NikolaCorp and may potentially protect profits, hedge NikolaCorp with its derivative instruments, or be ready for some potential downside.
200 Day MA
1.1727
Short Percent
0.1953
Short Ratio
2.17
Shares Short Prior Month
191.1 M
50 Day MA
0.7562

NikolaCorp Hype to Price Pattern

Investor biases related to NikolaCorp's public news can be used to forecast risks associated with an investment in NikolaCorp. The trend in average sentiment can be used to explain how an investor holding NikolaCorp can time the market purely based on public headlines and social activities around NikolaCorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of NikolaCorp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about NikolaCorp.

NikolaCorp Implied Volatility

    
  668.64  
NikolaCorp's implied volatility exposes the market's sentiment of NikolaCorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NikolaCorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NikolaCorp stock will not fluctuate a lot when NikolaCorp's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in NikolaCorp. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in NikolaCorp to buy its stock at a price that has no basis in reality. In that case, they are not buying NikolaCorp because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.

NikolaCorp after-hype prediction price

    
  USD 0.7  
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
  
Check out NikolaCorp Basic Forecasting Models to cross-verify your projections.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of NikolaCorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of NikolaCorp in the context of predictive analytics.
Intrinsic
Valuation
LowRealHigh
0.030.646.97
Details
Naive
Forecast
LowNextHigh
0.010.687.02
Details
7 Analysts
Consensus
LowTargetHigh
2.202.422.69
Details
Earnings
Estimates (0)
LowProjected EPSHigh
-0.25-0.13-0.21
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as NikolaCorp. Your research has to be compared to or analyzed against NikolaCorp's peers to derive any actionable benefits. When done correctly, NikolaCorp's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in NikolaCorp.

NikolaCorp After-Hype Price Prediction Density Analysis

As far as predicting the price of NikolaCorp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in NikolaCorp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of NikolaCorp, with the unreliable approximations that try to describe financial returns.
   Next price density   
       Expected price to next headline  

NikolaCorp Estimiated After-Hype Price Volatility

In the context of predicting NikolaCorp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on NikolaCorp's historical news coverage. NikolaCorp's after-hype downside and upside margins for the prediction period are 0.03 and 7.03, respectively. We have considered NikolaCorp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
0.70
0.70
After-hype Price
7.03
Upside
NikolaCorp is out of control at this time. Analysis and calculation of next after-hype price of NikolaCorp is based on 3 months time horizon.

NikolaCorp Stock Price Prediction Analysis

Have you ever been surprised when a price of a Company such as NikolaCorp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NikolaCorp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with NikolaCorp, there might be something going there, and it might present an excellent short sale opportunity.
Expected ReturnPeriod VolatilityHype ElasticityRelated ElasticityNews DensityRelated DensityExpected Hype
  0.34 
6.33
  0.01 
  0.13 
11 Events / Month
5 Events / Month
In about 11 days
Latest traded priceExpected after-news pricePotential return on next major newsAverage after-hype volatility
0.70
0.70
0.00 
31,650  
Notes

NikolaCorp Hype Timeline

NikolaCorp is now traded for 0.70. The entity has historical hype elasticity of 0.01 and average elasticity to hype of competition of 0.13. NikolaCorp expected not to react to the next headline with the price going to stay at about the same level and average media hype impact volatility of over 100%. The immediate return on the next newsis expected to be very small whereas the daily expected return is now at -0.34%. The volatility of relative hype elasticity to NikolaCorp is about 1644.16%. The volatility of related hype on NikolaCorp is about 1644.16% with expected price after next announcement by competition of 0.83. About 39.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.36. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. NikolaCorp recorded a loss per share of 1.61. The entity had not issued any dividends in recent years. Given the investment horizon of 90 days the next expected press release will be in about 11 days.
Check out NikolaCorp Basic Forecasting Models to cross-verify your projections.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.

NikolaCorp Related Hype Analysis

Having access to credible news sources related to NikolaCorp's direct competition is more important than ever and may enhance your ability to predict NikolaCorp's future price movements. Getting to know how NikolaCorp rivals react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how NikolaCorp may potentially react to the hype associated with one of its peers.

NikolaCorp Additional Predictive Modules

Most predictive techniques to examine NikolaCorp price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NikolaCorp using various technical indicators. When you analyze NikolaCorp charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

About NikolaCorp Predictive Indicators

The successful prediction of NikolaCorp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as NikolaCorp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of NikolaCorp based on analysis of NikolaCorp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to NikolaCorp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to NikolaCorp's related companies.

Story Coverage note for NikolaCorp

The number of cover stories for NikolaCorp depends on current market conditions and NikolaCorp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that NikolaCorp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about NikolaCorp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.

NikolaCorp Short Properties

NikolaCorp's future price predictability will typically decrease when NikolaCorp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of NikolaCorp often depends not only on the future outlook of the potential NikolaCorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NikolaCorp's indicators that are reflective of the short sentiment are summarized in the table below.
Common Stock Shares Outstanding441.8 M
Cash And Short Term Investments233.4 M
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 NikolaCorp Basic Forecasting Models to cross-verify your projections.
For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.
You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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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
(1.61)
Revenue Per Share
0.047
Quarterly Revenue Growth
(0.15)
Return On Assets
(0.38)
Return On Equity
(1.60)
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.