Nikola Co. (NASDAQ:NKLA – Get Rating) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.43.
NKLA has been the topic of several recent research reports. Cowen dropped their price objective on shares of Nikola from $25.00 to $15.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Zacks Investment Research raised shares of Nikola from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Royal Bank of Canada lowered their price target on shares of Nikola from $11.00 to $8.00 and set a “sector perform” rating on the stock in a research note on Friday, February 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Nikola from $19.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, February 25th. Finally, Wedbush lowered their price target on shares of Nikola from $15.00 to $10.00 in a research note on Tuesday, May 10th.
Shares of Nikola stock traded up $0.22 during trading on Thursday, reaching $5.99. The company’s stock had a trading volume of 10,450,311 shares, compared to its average volume of 15,201,103. The company has a 50-day moving average price of $8.14 and a two-hundred day moving average price of $9.17. The firm has a market cap of $2.52 billion, a PE ratio of -3.21 and a beta of 1.07. Nikola has a fifty-two week low of $4.82 and a fifty-two week high of $19.52. The company has a current ratio of 2.28, a quick ratio of 2.14 and a debt-to-equity ratio of 0.04.
A number of large investors have recently added to or reduced their stakes in the business. Beacon Pointe Advisors LLC purchased a new position in Nikola in the 1st quarter valued at about $134,000. Point72 Hong Kong Ltd lifted its holdings in Nikola by 48.6% in the 1st quarter. Point72 Hong Kong Ltd now owns 21,064 shares of the company’s stock valued at $226,000 after purchasing an additional 6,893 shares in the last quarter. Quantbot Technologies LP purchased a new position in Nikola in the 1st quarter valued at about $29,000. Delphia USA Inc. lifted its holdings in Nikola by 191.9% in the 1st quarter. Delphia USA Inc. now owns 39,434 shares of the company’s stock valued at $422,000 after purchasing an additional 25,926 shares in the last quarter. Finally, 1832 Asset Management L.P. purchased a new position in Nikola in the 1st quarter valued at about $425,000. Institutional investors own 48.29% of the company’s stock.
About Nikola (Get Rating)
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector.
- Get a free copy of the StockNews.com research report on Nikola (NKLA)
- The Institutions Are Capping Gains In Take-Two Interactive
- Walmart’s “Everyday Low Prices” Gets Burned By Inflation
- VMWare Inc: Strong Revenues and Excellent Potential
- Time to Ride These 3 Mid Cap Momentum Plays
- Beware The Rebound In Home Depot
Receive News & Ratings for Nikola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nikola and related companies with MarketBeat.com's FREE daily email newsletter.