(VIANEWS) – Shares of Nikola (NASDAQ: NKLA) fell by a staggering 34.31% in 21 sessions from $2.39 at 2023-02-21, to $1.57 at 14:13 EST on Wednesday, following the last session’s downward trend. NASDAQ is dropping 1.24% to $11,286.12, after two consecutive sessions in a row of gains.
Nikola’s last close was $1.67, 85.93% 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%.
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