Nikola Corp Stock Forecast - 8 Period Moving Average

NKLA Stock  USD 1.57  0.06  3.97%   
The 8 Period Moving Average forecasted value of Nikola Corp on the next trading day is expected to be 1.65 with a mean absolute deviation of 0.41 and the sum of the absolute errors of 21.77. Nikola Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Nikola Corp stock prices and determine the direction of Nikola Corp's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Nikola Corp's historical fundamentals, such as revenue growth or operating cash flow patterns.
  
At present, Nikola Corp's Inventory Turnover is projected to increase slightly based on the last few years of reporting. The current year's Payables Turnover is expected to grow to 5.95, whereas Receivables Turnover is forecasted to decline to 0.98. . As of December 12, 2024, Common Stock Shares Outstanding is expected to decline to about 25.3 M. The current year's Net Loss is expected to grow to about (670.5 M).
An 8-period moving average forecast model for Nikola Corp is based on an artificially constructed time series of Nikola Corp daily prices in which the value for a trading day is replaced by the mean of that value and the values for 8 of preceding and succeeding time periods. This model is best suited for price series data that changes over time.

Nikola Corp 8 Period Moving Average Price Forecast For the 13th of December 2024

Given 90 days horizon, the 8 Period Moving Average forecasted value of Nikola Corp on the next trading day is expected to be 1.65 with a mean absolute deviation of 0.41, mean absolute percentage error of 0.26, and the sum of the absolute errors of 21.77.
Please note that although there have been many attempts to predict Nikola Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Nikola Corp's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).

Nikola Corp Stock Forecast Pattern

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Nikola Corp Forecasted Value

In the context of forecasting Nikola Corp's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Nikola Corp's downside and upside margins for the forecasting period are 0.02 and 8.51, respectively. We have considered Nikola Corp's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Market Value
1.57
1.65
Expected Value
8.51
Upside

Model Predictive Factors

The below table displays some essential indicators generated by the model showing the 8 Period Moving Average forecasting method's relative quality and the estimations of the prediction error of Nikola Corp stock data series using in forecasting. Note that when a statistical model is used to represent Nikola Corp stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.
AICAkaike Information Criteria102.0548
BiasArithmetic mean of the errors 0.257
MADMean absolute deviation0.4108
MAPEMean absolute percentage error0.1385
SAESum of the absolute errors21.7712
The eieght-period moving average method has an advantage over other forecasting models in that it does smooth out peaks and valleys in a set of daily observations. Nikola Corp 8-period moving average forecast can only be used reliably to predict one or two periods into the future.

Predictive Modules for Nikola Corp

There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Nikola Corp. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.
Hype
Prediction
LowEstimatedHigh
0.071.438.31
Details
Intrinsic
Valuation
LowRealHigh
0.101.968.84
Details
8 Analysts
Consensus
LowTargetHigh
2.202.422.69
Details

Other Forecasting Options for Nikola Corp

For every potential investor in Nikola, whether a beginner or expert, Nikola Corp's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Nikola Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Nikola. Basic forecasting techniques help filter out the noise by identifying Nikola Corp's price trends.

Nikola Corp Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nikola Corp stock to make a market-neutral strategy. Peer analysis of Nikola Corp could also be used in its relative valuation, which is a method of valuing Nikola Corp by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

Nikola Corp Technical and Predictive Analytics

The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Nikola Corp's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Nikola Corp's current price.

Nikola Corp Market Strength Events

Market strength indicators help investors to evaluate how Nikola Corp stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nikola Corp shares will generate the highest return on investment. By undertsting and applying Nikola Corp stock market strength indicators, traders can identify Nikola Corp entry and exit signals to maximize returns.

Nikola Corp Risk Indicators

The analysis of Nikola Corp's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Nikola Corp's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting nikola stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
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 Historical Fundamental Analysis of Nikola Corp to cross-verify your projections.
For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.
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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
(12.34)
Revenue Per Share
1.691
Quarterly Revenue Growth
1.039
Return On Assets
(0.31)
Return On Equity
(1.29)
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.