Nikola Corp’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $51.00 on 09/29/23 and a low of $5.88 for the same time frame on 09/05/24.
52-week price history of NKLA Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Nikola Corp’s current trading price is -88.94% away from its 52-week high, while its distance from the 52-week low is -4.08%. The stock’s price range during the 52-week period has remained between $5.88 and $51.00. In the Industrials sector, the company’s shares saw a trading volume of around 1.87 million for the day, which was evidently lower than the average daily volume of 3.43 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Nikola Corp (NKLA) has experienced a quarterly decline of -64.87% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 285.38M and boasts a workforce of 870 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 12.35, with a change in price of -15.37. Similarly, Nikola Corp recorded 3,118,190 in trading volume during the last 100 days, posting a change of -73.15%.
Examining NKLA’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NKLA stands at 0.55. Similarly, the long-term debt-to-equity ratio is also 0.52.
NKLA Stock Stochastic Average
Nikola Corp’s raw stochastic average for the past 50 days is presently 0.32%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 0.48%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 1.24% and 3.06%, respectively.
NKLA Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price loss of -78.51% this year. Over the last six months, there has been a stronger performance of -73.26%. The price of NKLA leaped by -25.89% during the last 30 days period. For the last 5-days stocks have slided -13.36%.
