(VIANEWS) – Nikola (NASDAQ:NKLA) stock saw an extraordinary 12.37% surge to EUR0.90 at 22:42 EST on Thursday after two consecutive sessions of gains, as the broader NASDAQ market rose 0.35% and extended its upward trend after five straight positive sessions of positive gains. Nikola’s current price stands 78.45% below its 52-week high of EUR3.71.
About Nikola
Nikola Corporation is a technology innovator and integrator, focused on energy and transportation solutions. Operating through two business units: Truck and Energy, Nikola’s Truck unit focuses on commercializing battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) for the trucking industry, while Energy constructs hydrogen fueling stations and provides charging solutions for its FCEV customers and BEV customers – in addition to third-party customers as well. Furthermore, Nikola assembles, integrates, and commissions its vehicles together with business partners and suppliers – creating energy solutions both economically and transportably. Nikola was established in 2015 in Phoenix Arizona by both Truck and Energy units operating separately with each business unit offering their respective areas of expertise in BEV/FCEV commercialization/fueling stations/etc based operations in tandem.
Yearly Analysis
Based on the available data, Nikola’s stock is currently underperforming relative to its 52-week high, but significantly above its 52-week low. This may suggest it might be oversold at present; however investors should remain wary as its value is relatively low.
Negative sales growth this year might be cause for alarm, but next year’s anticipated 562.9% projected increase could indicate that the company is beginning to recover from any temporary setbacks. Investors should closely follow its performance over time to make sure it can deliver on its expected growth potential.
Nikola’s EBITDA of 30.87 indicates that it is making profits, however investors should also carefully consider other factors like debt levels, competition and market conditions before making investment decisions.
Nikola’s stock outlook remains uncertain at present, and investors should proceed with caution before investing. Perhaps waiting for improved market conditions or financial performance before considering an investment in Nikola’s shares would be best.
Technical Analysis
Nikola is experiencing a downward trend with its stock value falling significantly below both its 50-day and 200-day moving averages of EUR1.16 and EUR1.36, respectively. Additionally, its last reported volume (122529155) indicates increased trading activity as it represents 73.91% above its average volume (70787300).
Nikola’s intraday variation average over the past week, month and quarter was negative 1.69%; negative 2.43%; and positive 5.35% respectively. Nikola stock’s highest amplitude of average volatility for these timeframes was 4.55% in week one; 4.56% in month two and 5.35% overall during quarter four.
Nikola’s stock may be undervalued and due for an upward price rebound based on its stochastic oscillator reading (=20), according to an indicator called stochastic oscillator.
Overall, Nikola’s current stock price trends and indicators offer investors an opportunity to purchase shares at its current low price, in anticipation of potential price rebound in the near future. Nonetheless, further investigation should be performed prior to making any investment decisions.
Quarter Analysis
Nikola is showing strong sales growth. A 120.8% jump in sales over the present quarter and projected 229% hike for next quarter indicates rapid expansion for Nikola. Estimates for growth for subsequent two quarters still indicate substantial expansion at 64.9% and 61.5% respectively; investors should keep this in mind before making investment decisions based on past performance alone.
Equity Analysis
Nikola is currently showing a trailing twelve months EPS of EUR-1.61, suggesting it is currently not profitable per share and should serve as an early warning sign to investors that its income streams do not cover its costs.
Additionally, the company’s Return on Equity (ROE) for the twelve trailing months stands at negative 159.83% – an indication of non-profitable operations that should serve as a red flag to potential investors.
Overall, these financial metrics suggest Nikola is currently experiencing financial difficulty and has yet to generate profits. Investors should exercise extreme caution and carefully consider any investment decisions before investing in this company.
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