(VIANEWS) – Shares of Nikola (NASDAQ: NKLA) slid by a staggering 28.1% in 21 sessions from $1.21 at 2023-03-31, to $0.87 at 14:40 EST on Thursday, after three sequential sessions in a row of losses. NASDAQ is rising 2.21% to $12,116.82, following the last session’s upward trend.
Nikola’s last close was $0.81, 91.02% below its 52-week high of $8.97.
About Nikola
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) 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 founded in 2015 and is headquartered in Phoenix, Arizona.
Earnings Per Share
As for profitability, Nikola has a trailing twelve months EPS of $-1.75.
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 -128.56%.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Nikola’s stock is considered to be overbought (>=80).
Yearly Top and Bottom Value
Nikola’s stock is valued at $0.87 at 14:40 EST, way under its 52-week high of $8.97 and above its 52-week low of $0.81.
Growth Estimates Quarters
The company’s growth estimates for the ongoing quarter is a negative 23.8% and positive 12% for the next.
Volume
Today’s last reported volume for Nikola is 15934774 which is 19.15% below its average volume of 18372700.
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