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Technology Stocks : Nikola Corp
NKLA 0.527-0.3%May 24 4:00 PM EDT

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From: Ms. Baby Boomer2/15/2021 10:13:33 AM
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Analysts Say Nikola Corporation (NASDAQ:NKLA) Can
Really Get to $47 in 12 Months...

In recent trading session, Nikola Corporation (NASDAQ:NKLA) saw 3,710,018 shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $22.08 trading at -$0.54 or -2.37% at last check today assigns it a market valuation of $8.53 Billion. That most recent trading price of NKLA’s stock is at a discount of -325.68% from its 52-week high price of $93.99 and is indicating a premium of 53.17% from its 52-week low price of $10.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.42 Million shares which gives us an average trading volume of 21.55 Million if we extend that period to 3-months.

For Nikola Corporation (NKLA), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.7. Splitting up the data highlights that, out of 7 analysts covering the stock, none rated the stock as a Sell while none recommended an Overweight rating for the stock. 5 suggested the stock as a Hold whereas 2 see the stock as a Buy. None analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.22 in the current quarter.

Nikola Corporation (NASDAQ:NKLA) trade information

In the face of being in the red today for losing -2.37%, in the last five days NKLA remained trading in the green while hitting it’s week-highest on Wednesday, Feb 10 when the stock touched $24.14- price level, adding 8.66% to its value on the day. Nikola Corporation’s shares saw a change of 44.5% in year-to-date performance and have moved -6.57% in past 5-day. Nikola Corporation (NASDAQ:NKLA) showed a performance of 17.79% in past 30-days. Number of shares sold short was 38.49 Million shares which calculate 1.79 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $28.33 to the stock, which implies a rise of 28.31% to its recent value today. Analysts have been projecting $17 as a low price target for the stock while placing it at a high target of $47. It follows that stock’s price at last check today has to jump +112.86% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.01% for stock’s latest value.

Nikola Corporation (NKLA) estimates and forecasts

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 9% while estimates for its earnings growth in next 5 years are of 20.59%

Nikola Corporation (NASDAQ:NKLA)’s Major holders

Insiders are in possession of 62.39% of company’s total shares while institution are holding 13.73% percent of that, with stock having share float percentage of 36.52%. Investors also watch the number of corporate investors in a company very closely, which is 257 institutions for Nikola Corporation that are currently holding shares of the company. Vanguard Group, Inc. (The) is the top institutional holder at NKLA for having 12.38 Million shares of worth $253.62 Million. And as of September 29, 2020, it was holding 3.22% of the company’s outstanding shares.

The second largest institutional holder is Coatue Management, LLC, which was holding about 3.7 Million shares on September 29, 2020. The number of shares represents firm’s hold over 0.96% of outstanding shares, having a total worth of $75.72 Million.

On the other hand, Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund are the top two Mutual Funds which own company’s shares. As of September 29, 2020, the former fund manager was holding 4257675 shares of worth $87.2 Million or 1.11% of the total outstanding shares. The later fund manager was in possession of 3.54 Million shares on September 29, 2020, making its stake of worth around $72.51 Million in the company or a holder of 0.92% of company’s stock....

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