Nikola Corp Stock Today

NKLA Stock  USD 9.98  0.01  0.10%   

Performance

0 of 100

 
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Odds Of Distress

Over 81

 
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Nikola Corp is trading at 9.98 as of the 12th of July 2024, a 0.1% down since the beginning of the trading day. The stock's open price was 9.99. Nikola Corp has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Note, on August 6, 2020, Senator Pat Toomey of US Senate acquired under $15k worth of Nikola Corp's common stock.
Business Domain
Capital Goods
IPO Date
11th of June 2018
Category
Industrials
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. The company has 45.22 M outstanding shares of which 10.33 M shares are now shorted by private and institutional investors with about 3.28 trading days to cover. More on Nikola Corp

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Nikola Stock Highlights

ESG Sustainability
Environmental
Governance
Social
President, CFOStephen Girsky
Thematic IdeaCars (View all Themes)
Business ConcentrationConstruction Machinery & Heavy Transportation Equipment, Farm & Heavy Construction Machinery, Industrials, NASDAQ Composite, Cars, Industrials, Machinery, Farm & Heavy Construction Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.02880.0274
Sufficiently Up
Slightly volatile
Total Current Liabilities163.8 M260.1 M
Way Down
Slightly volatile
Total Assets926.4 M1.3 B
Way Down
Slightly volatile
Total Current Assets462.5 M571.9 M
Significantly Down
Slightly volatile
Debt Levels
Nikola Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nikola Corp's financial leverage. It provides some insight into what part of Nikola Corp's total assets is financed by creditors.
Liquidity
Nikola Corp currently holds 284.86 M in liabilities with Debt to Equity (D/E) ratio of 0.54, which is about average as compared to similar companies. Nikola Corp has a current ratio of 1.72, which is within standard range for the sector. Note, when we think about Nikola Corp's use of debt, we should always consider it together with its cash and equity.

Investments

(101.6 Million)
Nikola Corp (NKLA) is traded on NASDAQ Exchange in USA. It is located in 4141 East Broadway Road, Phoenix, AZ, United States, 85040 and employs 870 people. Nikola Corp is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 451.73 M. Nikola Corp conducts business under Machinery sector and is part of Industrials industry. The entity has 45.22 M outstanding shares of which 10.33 M shares are now shorted by private and institutional investors with about 3.28 trading days to cover. 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.
Check Nikola Corp Probability Of Bankruptcy
Ownership Allocation
30% of Nikola Corp outstanding shares are owned by institutional investors. Institutional investors are typically referred to investors that purchase positions in a given stock to benefit from reduced commissions. Consequently, institutional investors are subject to different rules and regulations than regular investors. Please look out for any change in current institutional holding as this could mean something significant has changed at the company or is about to change. Please note that on August 6, 2020, Senator Pat Toomey of US Senate acquired under $15k worth of Nikola Corp's common stock.
Check Nikola Ownership Details

Nikola Stock Institutional Holders

InstituionRecorded OnShares
Northern Trust Corp2024-03-31
7.1 M
Coatue Management Llc2024-03-31
5.2 M
Mirae Asset Global Investments (korea) Co Ltd2024-03-31
4.6 M
Morgan Stanley - Brokerage Accounts2024-03-31
4.4 M
Sg Americas Securities, Llc2024-03-31
3.8 M
Bank Of America Corp2024-03-31
3.6 M
Alps Advisors Inc2024-03-31
3.3 M
Bank Of New York Mellon Corp2024-03-31
2.6 M
Swiss National Bank2024-03-31
2.2 M
Norges Bank2023-12-31
107 M
Vanguard Group Inc2024-03-31
80.3 M
View Nikola Corp Diagnostics

Nikola Corp Historical Income Statement

At present, Nikola Corp's Interest Expense is projected to increase significantly based on the last few years of reporting. The current year's Income Tax Expense is expected to grow to about 12.6 K, whereas EBIT is projected to grow to (610.4 M). View More Fundamentals

Nikola Stock Against Markets

Nikola Corp Corporate Management

Mary MScChief OfficerProfile
Thomas OkrayChief OfficerProfile
Bruce KurttSenior OperationsProfile
Henry KwonDirector RelationsProfile
Brian HoogCorporate ControllerProfile
Britton EsqChief SecretaryProfile

Additional Information and Resources on Investing in Nikola Stock

When determining whether Nikola Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Nikola Corp'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 Nikola Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Nikola Corp Stock:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nikola Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.
You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Is Construction Machinery & Heavy Transportation Equipment space 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 Nikola Corp. If investors know Nikola 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 Nikola Corp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(31.80)
Revenue Per Share
0.983
Quarterly Revenue Growth
(0.30)
Return On Assets
(0.35)
Return On Equity
(1.53)
The market value of Nikola Corp is measured differently than its book value, which is the value of Nikola that is recorded on the company's balance sheet. Investors also form their own opinion of Nikola Corp's value that differs from its market value or its book value, called intrinsic value, which is Nikola Corp'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 Nikola Corp's market value can be influenced by many factors that don't directly affect Nikola Corp'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 Nikola Corp's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nikola Corp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nikola Corp'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.