Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Nikola Corp’s current trading price is -95.48% away from its 52-week high, while its distance from the 52-week low is -2.54%. The stock’s price range during this period has varied between $1.60 and $34.50. The company, active in the Industrials sector, saw a trading volume of around 8.12 million for the day, considerably higher average daily volume of 5.36 million observed over the last three months.
Nikola Corp had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $34.50 on 04/01/24, while the lowest price during the same period was $1.60 on 12/09/24.
How Financial Performance Impacts Market Capitalization
Nikola Corp (NKLA) has experienced a quarterly decline of -69.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 92.62M and boasts a workforce of 870 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.1757, with a change in price of -7.1600. Similarly, Nikola Corp recorded 4,359,180 in trading volume during the last 100 days, posting a change of -82.02%.
How NKLA’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for NKLA stands at 0.93. Similarly, the long-term debt-to-equity ratio is also 0.73.
NKLA Stock Stochastic Average
As of today, the raw stochastic average of Nikola Corp over the last 50 days is at 3.52%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 8.25%. Further, the company’s Stochastic %K and %D values for the last 20 days were 3.13% and 2.99%, respectively.
NKLA Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price decrease of -94.06%. However, over the past six months, we’ve seen a stronger performance of -89.50%. The price of NKLA leaped by -49.37% over the last 30 days. And in the last five days, it has fallen by -15.25%.
