Nikola Corp (NKLA) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

With 188.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 93.87 million shares. The 52-week range on NKLA shows that it touched its highest point at $3.71 and its lowest point at $0.52 during that stretch. It currently has a 1-year price target of $1.70. Beta for the stock currently stands at 2.00.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NKLA was up-trending over the past week, with a rise of 30.93%, but this was up by 33.02% over a month. Three-month performance surged to 11.29% while six-month performance fell -37.99%. The stock lost -30.46% in the past year, while it has gained 11.29% so far this year. A look at the trailing 12-month EPS for NKLA yields -1.25 with Next year EPS estimates of -0.31. For the next quarter, that number is -0.09. This implies an EPS growth rate of 49.01% for this year and 23.20% for next year.

Float and Shares Shorts:

At present, 1.33 billion NKLA shares are outstanding with a float of 1.22 billion shares on hand for trading. On Mar 15, 2024, short shares totaled 252.38 million, which was 18.90% higher than short shares on Feb 15, 2024. In addition to NKLA as the firm’s Nikola Corporation, NTLA serves as its Intellia Therapeutics, Inc.

Institutional Ownership:

Through their ownership of 33.55% of NKLA’s outstanding shares, institutional investors have minority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NKLA since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.

Dividends & Yield:

In terms of dividends, NKLA has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NKLA currently yields $0.00. In the past year, NKLA’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, NKLA has a current buyback yield of $––. This was $–– for the TTM, and it was $–– for the past five years.