Nikolacorp Stock Analysis

NKLA Stock  USD 0.63  0.01  1.56%   
NikolaCorp is undervalued with Real Value of 1.08 and Target Price of 2.42. The main objective of NikolaCorp stock analysis is to determine its intrinsic value, which is an estimate of what NikolaCorp is worth, separate from its market price. There are two main types of NikolaCorp's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect NikolaCorp's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of NikolaCorp's stock to identify patterns and trends that may indicate its future price movements.
The NikolaCorp stock is traded in the USA on NASDAQ Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. NikolaCorp is usually not traded on Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day. NikolaCorp Stock trading window is adjusted to America/New York timezone. Here, you can get updates on important government artifacts, including earning estimates, SEC corporate filings, announcements, and NikolaCorp's ongoing operational relationships across important fundamental and technical indicators.
  
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.

NikolaCorp Stock Analysis Notes

About 34.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.3. 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 1.21. The entity had not issued any dividends in recent years. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corp operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 900 people. To find out more about NikolaCorp contact Michael Lohscheller at 480 581 8888 or learn more at https://www.nikolamotor.com.

NikolaCorp Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. NikolaCorp's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding NikolaCorp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
NikolaCorp had very high historical volatility over the last 90 days
NikolaCorp has some characteristics of a very speculative penny stock
NikolaCorp 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).
NikolaCorp 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, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Latest headline from zacks.com: Here is What to Know Beyond Why Nikola Corporation is a Trending Stock

NikolaCorp Upcoming and Recent Events

Earnings reports are used by NikolaCorp to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NikolaCorp previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
22nd of February 2024
Upcoming Quarterly Report
View
14th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
22nd of February 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

NikolaCorp Largest EPS Surprises

Earnings surprises can significantly impact NikolaCorp's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2020-06-08
2020-03-31-0.08-0.09-0.0112 
2024-02-22
2023-12-31-0.13-0.110.0215 
2022-08-04
2022-06-30-0.28-0.250.0310 
View All Earnings Estimates

NikolaCorp Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument 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. NikolaCorp's institutional investor refers to the entity that pools money to purchase NikolaCorp's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Morgan Stanley - Brokerage Accounts2023-12-31
4.5 M
Susquehanna International Group, Llp2023-12-31
4.3 M
Mirae Asset Global Investments (korea) Co Ltd2023-12-31
4.2 M
The Toronto-dominion Bank2023-12-31
4.2 M
Alps Advisors Inc2023-12-31
3.3 M
Weiss Asset Management Lp2023-12-31
M
Bank Of New York Mellon Corp2023-12-31
2.6 M
Goldman Sachs Group Inc2023-12-31
2.3 M
Swiss National Bank2023-12-31
2.1 M
Norges Bank2023-12-31
107 M
Vanguard Group Inc2023-12-31
77.1 M
Note, although NikolaCorp's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

NikolaCorp Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 860.01 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NikolaCorp's market, we take the total number of its shares issued and multiply it by NikolaCorp's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

NikolaCorp Profitablity

NikolaCorp's profitability indicators refer to fundamental financial ratios that showcase NikolaCorp's ability to generate income relative to its revenue or operating costs. If, let's say, NikolaCorp is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NikolaCorp's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NikolaCorp's profitability requires more research than a typical breakdown of NikolaCorp's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for Next Year
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)

Management Efficiency

NikolaCorp has return on total asset (ROA) of (0.3091) % which means that it has lost $0.3091 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (1.3882) %, meaning that it created substantial loss on money invested by shareholders. NikolaCorp's management efficiency ratios could be used to measure how well NikolaCorp manages its routine affairs as well as how well it operates its assets and liabilities. As of April 22, 2024, Return On Tangible Assets is expected to decline to -0.83. In addition to that, Return On Capital Employed is expected to decline to -0.64. At present, NikolaCorp's Non Currrent Assets Other are projected to increase significantly based on the last few years of reporting. The current year's Other Assets is expected to grow to about 192.6 M, whereas Total Assets are forecasted to decline to about 926.4 M.
Last ReportedProjected for Next Year
Book Value Per Share 0.90  1.09 
Net Current Asset Value 0.00  0.00 
Tangible Asset Value 0.00  0.00 
Tangible Book Value Per Share 0.79  0.95 
Enterprise Value Over EBITDA(0.86)(0.90)
Price Book Value Ratio 0.97  0.92 
Enterprise Value Multiple(0.86)(0.90)
Price Fair Value 0.97  0.92 
Enterprise Value518.8 M492.8 M
The analysis of NikolaCorp's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze NikolaCorp's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of NikolaCorp Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta
2.001

Technical Drivers

As of the 22nd of April, NikolaCorp secures the Mean Deviation of 4.48, downside deviation of 6.55, and Risk Adjusted Performance of 0.0309. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of NikolaCorp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate nineteen technical drivers for NikolaCorp, which can be compared to its peers in the industry. Please verify NikolaCorp information ratio and the relationship between the maximum drawdown and skewness to decide if NikolaCorp is priced some-what accurately, providing market reflects its recent price of 0.63 per share. As NikolaCorp is a penny stock we also strongly advise to check its total risk alpha numbers.

NikolaCorp Price Movement Analysis

Execute Study
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. NikolaCorp middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for NikolaCorp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

NikolaCorp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NikolaCorp insiders, such as employees or executives, is commonly permitted as long as it does not rely on NikolaCorp's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NikolaCorp insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

NikolaCorp Predictive Daily Indicators

NikolaCorp intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NikolaCorp stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

NikolaCorp Forecast Models

NikolaCorp's time-series forecasting models are one of many NikolaCorp's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NikolaCorp's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

About NikolaCorp Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how NikolaCorp prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NikolaCorp shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as NikolaCorp. By using and applying NikolaCorp Stock analysis, traders can create a robust methodology for identifying NikolaCorp entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin(23.67)(24.85)
Operating Profit Margin(17.93)(18.82)
Net Loss(26.96)(28.31)
Gross Profit Margin(6.97)(6.63)

Current NikolaCorp Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NikolaCorp analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NikolaCorp analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
2.42Buy8Odds
NikolaCorp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most NikolaCorp analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NikolaCorp stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NikolaCorp, talking to its executives and customers, or listening to NikolaCorp conference calls.
NikolaCorp Analyst Advice Details

NikolaCorp Stock Analysis Indicators

NikolaCorp stock analysis indicators help investors 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 understating and applying NikolaCorp stock analysis, traders can identify NikolaCorp position entry and exit signals to maximize returns.
Begin Period Cash Flow236.4 M
Long Term Debt141.4 M
Common Stock Shares Outstanding800 M
Total Stockholder Equity719.2 M
Tax Provision4000.00
Property Plant And Equipment Net503.4 M
Cash And Short Term Investments465.9 M
Cash465.9 M
Accounts Payable44.1 M
Net Debt-181.1 M
50 Day M A0.7499
Total Current Liabilities260.1 M
Other Operating Expenses678.3 M
Non Current Assets Total734.7 M
Non Currrent Assets Other23.3 M
Stock Based Compensation75.4 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 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.

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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.