Nikola Corp Stock Price on October 31, 2024
| NKLA Stock | USD 2.01 0.02 0.99% |
Below is the normalized historical share price chart for Nikola Corp extending back to June 11, 2018. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Nikola Corp stands at 2.01, as last reported on the 22nd of November, with the highest price reaching 2.07 and the lowest price hitting 1.95 during the day.
If you're considering investing in Nikola Stock, it is important to understand the factors that can impact its price. Nikola Corp has Sharpe Ratio of -0.27, which conveys that the firm had a -0.27% return per unit of risk over the last 3 months. Nikola Corp exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nikola Corp's Risk Adjusted Performance of (0.20), standard deviation of 6.61, and Mean Deviation of 4.36 to check out the risk estimate we provide.
At present, Nikola Corp's Other Stockholder Equity is projected to increase significantly based on the last few years of reporting. The current year's Common Stock is expected to grow to about 139.7 K, whereas Total Stockholder Equity is forecasted to decline to about 615.6 M. . The current year's Price Earnings To Growth Ratio is expected to grow to 0.03, whereas Price To Sales Ratio is forecasted to decline to 18.51. Nikola Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 11th of June 2018 | 200 Day MA 12.544 | 50 Day MA 4.0983 | Beta 2.075 |
Nikola |
Sharpe Ratio = -0.2654
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| Negative Returns | NKLA |
Estimated Market Risk
| 6.74 actual daily | 60 60% of assets are less volatile |
Expected Return
| -1.79 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.27 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Nikola Corp is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nikola Corp by adding Nikola Corp to a well-diversified portfolio.
Price Book 0.3258 | Enterprise Value Ebitda (1.69) | Price Sales 1.6359 | Shares Float 59.3 M | Wall Street Target Price 12 |
Nikola Corp Main Headline on 31st of October 2024
Nikola Corp Q3 2024 Earnings Revenue at 25.18M, EPS Loss of ... by gurufocus.com
Revenue Reported at 25.18 million, falling short of the analyst estimate of 37.23 million.Net Loss Recorded a net loss of 199.78 million for the quarter,
Nikola Corp Valuation on October 31, 2024
It is possible to determine the worth of Nikola Corp on a given historical date. On October 31, 2024 Nikola was worth 4.17 at the beginning of the trading date compared to the closed value of 3.93. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nikola Corp stock. Still, in general, we apply an absolute valuation method to find Nikola Corp's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nikola Corp where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nikola Corp's related companies.
| Open | High | Low | Close | Volume | |
| 4.42 | 4.43 | 4.17 | 4.23 | 4,960,799 | |
10/31/2024 | 4.17 | 4.26 | 3.80 | 3.93 | 6,353,381 |
| 3.94 | 3.94 | 3.75 | 3.76 | 4,707,500 |
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Nikola Corp Trading Date Momentum on October 31, 2024
| On November 01 2024 Nikola Corp was traded for 3.76 at the closing time. The top price for the day was 3.94 and the lowest listed price was 3.75 . The trading volume for the day was 4.7 M. The trading history from November 1, 2024 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 4.33% . The trading delta at closing time against the current closing price is 23.41% . |
Nikola Corp Fundamentals Correlations and Trends
By evaluating Nikola Corp's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nikola Corp's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nikola financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nikola Corp Stock history
Nikola Corp investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nikola is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nikola Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nikola Corp stock prices may prove useful in developing a viable investing in Nikola Corp
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 26.7 M | 25.3 M | |
| Net Loss | -705.8 M | -670.5 M |
Nikola Corp Quarterly Net Working Capital |
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Nikola Corp Stock Technical Analysis
Nikola Corp technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nikola Corp Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Nikola Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nikola Corp November 22, 2024 Market Strength
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 Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nikola Corp's price direction in advance. Along with the technical and fundamental analysis of Nikola Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nikola to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.20) | |||
| Jensen Alpha | (1.67) | |||
| Total Risk Alpha | (2.66) | |||
| Treynor Ratio | 1.38 |
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| Volume Indicators |
Complementary Tools for Nikola Stock analysis
When running Nikola Corp's price analysis, check to measure Nikola Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nikola Corp is operating at the current time. Most of Nikola Corp's value examination focuses on studying past and present price action to predict the probability of Nikola Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nikola Corp's price. Additionally, you may evaluate how the addition of Nikola Corp to your portfolios can decrease your overall portfolio volatility.
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