Nikola Corp

Company Profile

Nikola Corp had its IPO on 2018-06-11 under the ticker symbol NKLA.

The company operates in the Industrials sector and Farm & Heavy Construction Machinery industry. Nikola Corp has a staff strength of 1,500 employees.

Stock update

Shares of Nikola Corp opened at $0.89 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $0.83 - $0.91, and closed at $0.91.

This is a +0.54% increase from the previous day's closing price.

A total volume of 99,559,656 shares were traded at the close of the day’s session.

In the last one week, shares of Nikola Corp have slipped by -22.72%.

Nikola Corp's Key Ratios

Nikola Corp has a market cap of $1.01 billion, indicating a price to book ratio of 1.7914 and a price to sales ratio of 23.0435.

In the last 12-months Nikola Corp’s revenue was $56.84 million with a gross profit of $-104757000 and an EBITDA of $-677860992. The EBITDA ratio measures Nikola Corp's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Nikola Corp’s operating margin was -1237.17% while its return on assets stood at -38.15% with a return of equity of -132.55%.

In Q2, Nikola Corp’s quarterly earnings growth was a positive 0% while revenue growth was a negative 15.3%.

Nikola Corp’s PE and PEG Ratio

Forward PE

0

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-1.45 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Nikola Corp’s profitability.

Nikola Corp stock is trading at a EV to sales ratio of 22.5401 and a EV to EBITDA ratio of -1.4559. Its price to sales ratio in the trailing 12-months stood at 23.0435.

Nikola Corp stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.14 billion

Total Liabilities

$233.14 million

Operating Cash Flow

$-3238000.00

Capital Expenditure

$35.43 million

Dividend Payout Ratio

0%

Nikola Corp ended 2024 with $1.14 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.14 billion while shareholder equity stood at $522.72 million.

Nikola Corp ended 2024 with $15000.00 in deferred long-term liabilities, $233.14 million in other current liabilities, 77000.00 in common stock, $-2421772000.00 in retained earnings and $5.24 million in goodwill. Its cash balance stood at $226.67 million and cash and short-term investments were $226.67 million. The company’s total short-term debt was $13,417,000 while long-term debt stood at $348.39 million.

Nikola Corp’s total current assets stands at $406.92 million while long-term investments were $58.29 million and short-term investments were $0. Its net receivables were $20.00 million compared to accounts payable of $45.77 million and inventory worth $86.64 million.

In 2024, Nikola Corp's operating cash flow was $-3238000.00 while its capital expenditure stood at $35.43 million.

Comparatively, Nikola Corp paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$0.91

52-Week High

$5.58

52-Week Low

$0.521

Analyst Target Price

$2.42

Nikola Corp stock is currently trading at $0.91 per share. It touched a 52-week high of $5.58 and a 52-week low of $5.58. Analysts tracking the stock have a 12-month average target price of $2.42.

Its 50-day moving average was $1.83 and 200-day moving average was $1.73 The short ratio stood at 1.65 indicating a short percent outstanding of 0%.

Around 1383.5% of the company’s stock are held by insiders while 2796.3% are held by institutions.