Nikola Stock Bearish Momentum With A 29% Fall In The Last 21 Sessions

(VIANEWS) – Shares of Nikola (NASDAQ: NKLA) fell by a staggering 29.77% in 21 sessions from $2.15 at 2023-03-03, to $1.51 at 23:14 EST on Monday, after two sequential sessions in a row of gains. NASDAQ is dropping 0.47% to $11,768.84, following the last session’s downward trend.

Nikola’s last close was $1.51, 87.28% below its 52-week high of $11.87.

About Nikola

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. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.

Earnings Per Share

As for profitability, Nikola has a trailing twelve months EPS of $-1.731.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -113.47%.


Nikola’s last week, last month’s, and last quarter’s current intraday variation average was a negative 2.13%, a negative 1.93%, and a positive 4.48%.

Nikola’s highest amplitude of average volatility was 4.95% (last week), 4.76% (last month), and 4.48% (last quarter).

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is a negative 87% and a negative 71.4%, respectively.

Yearly Top and Bottom Value

Nikola’s stock is valued at $1.51 at 23:14 EST, way under its 52-week high of $11.87 and way higher than its 52-week low of $1.35.


Today’s last reported volume for Nikola is 7796581 which is 52.53% below its average volume of 13134900.

More news about Nikola (NKLA).

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