Nikola Corp Stock Today
| NKLA Stock | USD 9.33 0.05 0.53% |
Performance0 of 100
| Odds Of DistressOver 85
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Nikola Corp is trading at 9.33 as of the 26th of July 2024, a 0.53% down since the beginning of the trading day. The stock's open price was 9.38. 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. Equity ratings for Nikola Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2024 and ending today, the 26th of July 2024. 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 45.22 M outstanding shares of which 9.6 M shares are now shorted by private and institutional investors with about 1.64 trading days to cover. More on Nikola Corp
Moving together with Nikola Stock
| 0.65 | DE | Deere Company Fiscal Year End 27th of November 2024 | PairCorr |
| 0.74 | GP | GreenPower Motor | PairCorr |
| 0.84 | ALG | Alamo Group | PairCorr |
Moving against Nikola Stock
Nikola Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President, CFO | Stephen Girsky | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Cars (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction 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
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Debt LevelsNikola 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.
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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 438.62 M. Nikola Corp conducts business under Machinery sector and is part of Industrials industry. The entity has 45.22 M outstanding shares of which 9.6 M shares are now shorted by private and institutional investors with about 1.64 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 Allocation30% 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.
Check Nikola Ownership Details
Nikola Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Northern Trust Corp | 2024-03-31 | 7.1 M | |
| Coatue Management Llc | 2024-03-31 | 5.2 M | |
| Mirae Asset Global Investments (korea) Co Ltd | 2024-03-31 | 4.6 M | |
| Morgan Stanley - Brokerage Accounts | 2024-03-31 | 4.4 M | |
| Sg Americas Securities, Llc | 2024-03-31 | 3.8 M | |
| Bank Of America Corp | 2024-03-31 | 3.6 M | |
| Alps Advisors Inc | 2024-03-31 | 3.3 M | |
| Bank Of New York Mellon Corp | 2024-03-31 | 2.6 M | |
| Swiss National Bank | 2024-03-31 | 2.2 M | |
| Norges Bank | 2023-12-31 | 107 M | |
| Vanguard Group Inc | 2024-03-31 | 80.3 M |
Nikola Corp Historical Income Statement
Nikola Stock Against Markets
Nikola Corp Corporate Management
| Mary MSc | Chief Officer | Profile | |
| Thomas Okray | Chief Officer | Profile | |
| Bruce Kurtt | Senior Operations | Profile | |
| Henry Kwon | Director Relations | Profile | |
| Brian Hoog | Corporate Controller | Profile | |
| Britton Esq | Chief Secretary | Profile |
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 Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.
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.