Can Nikola Corp Bounce Back? 52-Week Performance and Analyst Predictions

Nikola Corp’s stock market performance has been somewhat irregular. The 1-year high for the company’s stock was recorded at $3.71 on 08/03/23, with the lowest value being $0.52 on 06/06/23.

52-week price history of NKLA Stock

A stock’s 52-week high and low prices can reveal a great deal about its present condition and potential future performance. Nikola Corp’s current trading price is -72.00% away from its 52-week high, while its distance from the 52-week low is 99.39%. The stock’s price range during this period has fluctuated between $0.52 and $3.71. Shares of the company, which operates in the Industrials sector, recorded a trading volume of around 105.31 million for the day, which was evidently higher than the average daily volume of 93.23 million over the last three months.

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Financial Performance and Market Capitalization

Nikola Corp (NKLA) has experienced a quarterly rise of 17.11% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.39B and boasts a workforce of 870 employees.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.8012, with a change in price of -0.1100. Similarly, Nikola Corp recorded 94,239,719 in trading volume during the last 100 days, posting a change of -9.65%.

NKLA Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NKLA stands at 0.40. Similarly, the long-term debt-to-equity ratio is also 0.38.

NKLA Stock Stochastic Average

Nikola Corp’s raw stochastic average for the past 50 days is currently at 80.29%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 80.29%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 88.07% and 90.28%, respectively.

NKLA Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. The index has shown a price gain of 18.75% this year. Over the last six months, there has been a stronger performance of -37.04%. The price of NKLA fallen by 39.59% during the last 30 days period. For the last 5-days stocks have improved 56.85%.

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