Nikolacorp Stock Today

NKLA Stock  USD 0.70  0.01  1.41%   

Performance

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Odds Of Distress

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NikolaCorp is trading at 0.7 as of the 22nd of February 2024, a -1.41 percent decrease since the beginning of the trading day. The stock's open price was 0.71. NikolaCorp 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. Equity ratings for NikolaCorp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 23rd of January 2024 and ending today, the 22nd of February 2024. Please note, there could be an existing legal relationship between NikolaCorp (NKLA) and VectoIQ Acquisition (VTIQU). Click here to learn more.
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 1.16 B outstanding shares of which 217.46 M shares are now shorted by private and institutional investors with about 2.17 trading days to cover. More on NikolaCorp

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NikolaCorp Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NikolaCorp's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NikolaCorp or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Related EntityVTIQU (VectoIQ Acquisition II)
CEO PresidentStephen Girsky
SEC FilingsNikolaCorp Security & Exchange Commission EDGAR Reports
Business ConcentrationConstruction Machinery & Heavy Transportation Equipment, Farm & Heavy Construction Machinery, Industrials, NASDAQ Composite, Industrials, Machinery, Farm & Heavy Construction Machinery, Industrials (View all Sectors)
Average Analyst Recommendation
Analysts covering NikolaCorp report their recommendations after researching NikolaCorp's financial statements, talking to executives and customers, or listening in on NikolaCorp's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NikolaCorp. The NikolaCorp consensus assessment is calculated by taking the average forecast from all of the analysts covering NikolaCorp.
Financial Strength
Based on the analysis of NikolaCorp's profitability, liquidity, and operating efficiency, NikolaCorp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in March. Financial strength of NikolaCorp is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Weighted Shares Diluted433.9 M508.1 M
Fairly Down
Slightly volatile
Weighted Shares433.8 M508.1 M
Fairly Down
Slightly volatile
Current Liabilities476 M441.1 M
Significantly Up
Slightly volatile
Total Liabilities881.2 M816.7 M
Significantly Up
Slightly volatile
Gross Margin(1.9)(1.85)
Fairly Down
Slightly volatile
Total Debt444.1 M411.6 M
Significantly Up
Slightly volatile
Asset Turnover0.05580.0518
Significantly Up
Slightly volatile
Current Assets510.2 M502.5 M
Fairly Up
Slightly volatile
Total Assets1.2 B1.4 B
Significantly Down
Slightly volatile
NikolaCorp's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NikolaCorp's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to 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 NikolaCorp's financial leverage. It provides some insight into what part of NikolaCorp's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on NikolaCorp's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how NikolaCorp deploys its capital and how much of that capital is borrowed.
Liquidity
NikolaCorp cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 382.96 M in liabilities with Debt to Equity (D/E) ratio of 0.54, which is about average as compared to similar companies. NikolaCorp has a current ratio of 1.72, which is within standard range for the sector. Debt can assist NikolaCorp until it has trouble settling it off, either with new capital or with free cash flow. So, NikolaCorp's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like NikolaCorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for NikolaCorp to invest in growth at high rates of return. When we think about NikolaCorp's use of debt, we should always consider it together with cash and equity.

Operating Cash Flow

(532.69 Million)
NikolaCorp (NKLA) is traded on NASDAQ Exchange in USA. It is located in 4141 East Broadway Road, Phoenix, AZ, United States, 85040 and employs 1,500 people. NikolaCorp 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 802.35 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 conducts business under Machinery sector and is part of Industrials industry. The entity has 1.16 B outstanding shares of which 217.46 M shares are now shorted by private and institutional investors with about 2.17 trading days to cover. NikolaCorp currently holds about 319.94 M in cash with (523.67 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
Check NikolaCorp Probability Of Bankruptcy
Ownership Allocation
NikolaCorp maintains a total of one billion one hundred fifty-seven million six hundred twenty-nine thousand nine hundred fifty-two outstanding shares. 30% of NikolaCorp 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 regulation 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 about to change. Please note that no matter how much assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check NikolaCorp Ownership Details

NikolaCorp Stock Price Odds Analysis

What are NikolaCorp's target price odds to finish over the current price? Depending on a normal probability distribution, the odds of NikolaCorp jumping above the current price in 90 days from now is about 82.03%. The NikolaCorp probability density function shows the probability of NikolaCorp stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 4.6362. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NikolaCorp will likely underperform. Additionally, the company has a negative alpha, implying that the risk taken by holding this instrument is not justified. NikolaCorp is significantly underperforming NYSE Composite.
  Odds Below 0.7HorizonTargetOdds Above 0.7
17.89%90 days
 0.70 
82.03%
Based on a normal probability distribution, the odds of NikolaCorp to move above the current price in 90 days from now is about 82.03 (This NikolaCorp probability density function shows the probability of NikolaCorp Stock to fall within a particular range of prices over 90 days) .

NikolaCorp Stock 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 high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NikolaCorp's value.
InstituionRecorded OnShares
Jane Street Group, Llc2023-09-30
4.6 M
Van Eck Associates Corporation2023-09-30
4.4 M
The Toronto-dominion Bank2023-09-30
4.2 M
Alps Advisors Inc2023-09-30
M
Morgan Stanley - Brokerage Accounts2023-09-30
2.8 M
Susquehanna International Group, Llp2023-09-30
2.8 M
Bank Of New York Mellon Corp2023-09-30
2.1 M
Sg Americas Securities, Llc2023-09-30
2.1 M
Swiss National Bank2023-12-31
2.1 M
Norges Bank2023-12-31
107 M
Vanguard Group Inc2023-09-30
56.7 M
View NikolaCorp Diagnostics

NikolaCorp Historical Income Statement

NikolaCorp Income Statement is one of the three primary financial statements used for reporting NikolaCorp's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NikolaCorp revenue and expense. NikolaCorp Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, NikolaCorp's Cost of Revenue is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 22 M, whereas Consolidated Income is forecasted to decline to (724.4 M). View More Fundamentals

NikolaCorp Stock Against Markets

Picking the right benchmark for NikolaCorp stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NikolaCorp stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NikolaCorp is critical whether you are bullish or bearish towards NikolaCorp at a given time. Please also check how NikolaCorp's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in NikolaCorp without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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NikolaCorp Corporate Management

Elected by the shareholders, the NikolaCorp's board of directors comprises two types of representatives: NikolaCorp inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NikolaCorp. The board's role is to monitor NikolaCorp's management team and ensure that shareholders' interests are well served. NikolaCorp's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, NikolaCorp's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mary MScChief OfficerProfile
Bruce KurttSenior OperationsProfile
Henry KwonDirector RelationsProfile
Britton EsqChief SecretaryProfile
Joseph PikeChief OfficerProfile

How to buy NikolaCorp Stock?

Before investing in NikolaCorp, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NikolaCorp. To buy NikolaCorp stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of NikolaCorp. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase NikolaCorp stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located NikolaCorp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased NikolaCorp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NikolaCorp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NikolaCorp Stock please use our How to Invest in NikolaCorp guide.

Already Invested in NikolaCorp?

The danger of trading NikolaCorp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NikolaCorp is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NikolaCorp. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NikolaCorp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..

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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.