Nikola (NASDAQ:NKLA – Get Free Report) will likely be posting its quarterly earnings results before the market opens on Thursday, February 20th. Analysts expect Nikola to post earnings of ($2.30) per share and revenue of $40.86 million for the quarter.
Nikola Trading Up 41.4 %
NASDAQ:NKLA opened at $0.77 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.71. Nikola has a 1-year low of $0.43 and a 1-year high of $34.50. The firm has a market capitalization of $46.62 million, a price-to-earnings ratio of -0.05 and a beta of 1.97. The stock has a fifty day simple moving average of $1.06 and a 200 day simple moving average of $3.37.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. TD Cowen decreased their price target on Nikola from $10.00 to $4.00 and set a “hold” rating for the company in a research report on Friday, November 1st. DA Davidson decreased their price objective on Nikola from $12.00 to $4.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Robert W. Baird decreased their price objective on Nikola from $14.00 to $10.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Finally, Bryan, Garnier & Co downgraded Nikola from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, Nikola has a consensus rating of “Hold” and a consensus target price of $12.00.
About Nikola
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.
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