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 -95.36% away from its 52-week high, while its distance from the 52-week low is 48.15%. The stock’s price range during this period has varied between $1.08 and $34.50. The company, active in the Industrials sector, saw a trading volume of around 41.06 million for the day, considerably higher average daily volume of 7.91 million observed over the last three months.
Nikola Corp’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $34.50 on 04/01/24, and the lowest price during that time was $1.08, recorded on 12/30/24.
How Financial Performance Impacts Market Capitalization
Nikola Corp (NKLA) has experienced a quarterly decline of -69.23% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 167.63M 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 3.9128, with a change in price of -6.4200. Similarly, Nikola Corp recorded 6,524,548 in trading volume during the last 100 days, posting a change of -80.05%.
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 past 50 days is 11.66%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 60.47%. Additionally, the Stochastic %K and %D values for the company were 32.56% and 19.60%, respectively, over the past 20 days.
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. This year’s metric has recorded a Price increase of 34.45%. However, over the past six months, we’ve seen a stronger performance of -82.20%. The price of NKLA leaped by -4.19% over the last 30 days. And in the last five days, it has surged by 40.35%.
