Nikola Corp Stock Probability of Future Stock Price Finishing Under 0.06
| NKLA Stock | USD 2.01 0.05 2.55% |
Nikola |
Nikola Corp Target Price Odds to finish below 0.06
The tendency of Nikola Stock price to converge on an average value over time is a known aspect in finance that investors have used since the beginning of the stock market for forecasting. However, many studies suggest that some traded equity instruments are consistently mispriced before traders' demand and supply correct the spread. One possible conclusion to this anomaly is that these stocks have additional risk, for which investors demand compensation in the form of extra returns.
| Current Price | Horizon | Target Price | Odds to drop to $ 0.06 or more in 90 days |
| 2.01 | 90 days | 0.06 | near 1 |
Based on a normal probability distribution, the odds of Nikola Corp to drop to $ 0.06 or more in 90 days from now is near 1 (This Nikola Corp probability density function shows the probability of Nikola Stock to fall within a particular range of prices over 90 days) . Probability of Nikola Corp price to stay between $ 0.06 and its current price of $2.01 at the end of the 90-day period is nearly 4.06 .
Given the investment horizon of 90 days the stock has the beta coefficient of 2.3 . This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Nikola Corp will likely underperform. Additionally Nikola Corp has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the Dow Jones Industrial. Nikola Corp Price Density |
| Price |
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.Nikola Corp Risk Indicators
For the most part, the last 10-20 years have been a very volatile time for the stock market. Nikola Corp is not an exception. The market had few large corrections towards the Nikola Corp's value, including both sudden drops in prices as well as massive rallies. These swings have made and broken many portfolios. An investor can limit the violent swings in their portfolio by implementing a hedging strategy designed to limit downside losses. If you hold Nikola Corp, one way to have your portfolio be protected is to always look up for changing volatility and market elasticity of Nikola Corp within the framework of very fundamental risk indicators.α | Alpha over Dow Jones | -2.01 | |
β | Beta against Dow Jones | 2.30 | |
σ | Overall volatility | 1.29 | |
Ir | Information ratio | -0.28 |
Nikola Corp Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Nikola Corp for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Nikola Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Nikola Corp generated a negative expected return over the last 90 days | |
| Nikola Corp has high historical volatility and very poor performance | |
| Nikola Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M). | |
| 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. | |
| Latest headline from investing.com: Nikola Corp modifies debt terms, sets conversion price |
Nikola Corp Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Nikola Stock often depends not only on the future outlook of the current and potential Nikola Corp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Nikola Corp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 26.7 M | |
| Cash And Short Term Investments | 465.9 M |
Nikola Corp Technical Analysis
Nikola Corp's future price can be derived by breaking down and analyzing its technical indicators over time. Nikola Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Nikola Corp. In general, you should focus on analyzing Nikola Stock price patterns and their correlations with different microeconomic environments and drivers.
Nikola Corp Predictive Forecast Models
Nikola Corp's time-series forecasting models is one of many Nikola Corp's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Nikola Corp's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Nikola Corp
Checking the ongoing alerts about Nikola Corp for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Nikola Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Nikola Corp generated a negative expected return over the last 90 days | |
| Nikola Corp has high historical volatility and very poor performance | |
| Nikola Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M). | |
| 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. | |
| Latest headline from investing.com: Nikola Corp modifies debt terms, sets conversion price |
Check out Nikola Corp Backtesting, Nikola Corp Valuation, Nikola Corp Correlation, Nikola Corp Hype Analysis, Nikola Corp Volatility, Nikola Corp History as well as Nikola Corp Performance. For information on how to trade Nikola Stock refer to our How to Trade Nikola Stock guide.You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
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.