Nikola Corp Stock Today
| NKLA Stock | USD 2.01 0.05 2.55% |
Performance0 of 100
| Odds Of DistressOver 81
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Nikola Corp is trading at 2.01 as of the 30th of November 2024, a 2.55% increase since the beginning of the trading day. The stock's open price was 1.96. Nikola Corp has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Nikola Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 1st of September 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain Capital Goods | IPO Date 11th of June 2018 | Category Industrials |
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. The company has 60.87 M outstanding shares of which 12.87 M shares are now shorted by private and institutional investors with about 2.31 trading days to cover. More on Nikola Corp
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Nikola Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| President, CFO | Stephen Girsky | |||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Cars (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Construction Machinery & Heavy Transportation Equipment, Farm & Heavy Construction Machinery, Industrials, NASDAQ Composite, Cars, Industrials, Machinery, Farm & Heavy Construction Machinery, Industrials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsNikola Corp can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nikola Corp's financial leverage. It provides some insight into what part of Nikola Corp's total assets is financed by creditors.
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Nikola Corp (NKLA) is traded on NASDAQ Exchange in USA. It is located in 4141 East Broadway Road, Phoenix, AZ, United States, 85040 and employs 870 people. Nikola Corp is listed under Construction Machinery & Heavy Transportation Equipment category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 122.34 M. Nikola Corp conducts business under Machinery sector and is part of Industrials industry. The entity has 60.87 M outstanding shares of which 12.87 M shares are now shorted by private and institutional investors with about 2.31 trading days to cover.
Nikola Corp currently holds about 319.94 M in cash with (496.18 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
Check Nikola Corp Probability Of Bankruptcy
Ownership AllocationNikola Corp maintains a total of 60.87 Million outstanding shares. Nikola Corp secures 4.0 % of its outstanding shares held by insiders and 24.7 % owned by institutional investors. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Nikola Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Mirae Asset Global Etfs Holdings Ltd. | 2024-06-30 | 258.2 K | |
| Balyasny Asset Management Llc | 2024-09-30 | 234.1 K | |
| Citigroup Inc | 2024-09-30 | 231.7 K | |
| Charles Schwab Investment Management Inc | 2024-09-30 | 224.1 K | |
| Susquehanna International Group, Llp | 2024-06-30 | 181.7 K | |
| Coatue Management Llc | 2024-09-30 | 173.9 K | |
| Amundi | 2024-06-30 | 153.2 K | |
| Tidal Investments Llc. | 2024-09-30 | 140.5 K | |
| Northern Trust Corp | 2024-09-30 | 105.9 K | |
| Norges Bank | 2024-06-30 | 3.5 M | |
| Vanguard Group Inc | 2024-09-30 | 2.3 M |
Nikola Corp Historical Income Statement
Nikola Stock Against Markets
Nikola Corp Corporate Management
| Mary MSc | Chief Officer | Profile | |
| Thomas Okray | Chief Officer | Profile | |
| Bruce Kurtt | Senior Operations | Profile | |
| Henry Kwon | Director Relations | Profile | |
| Brian Hoog | Corporate Controller | Profile | |
| Soei Shin | Head Relations | Profile |
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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.