Nikola Co. (NASDAQ:NKLA – Get Rating) CEO Mark A. Russell sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 20th. The stock was sold at an average price of $4.57, for a total transaction of $342,750.00. Following the completion of the transaction, the chief executive officer now owns 2,812,346 shares of the company’s stock, valued at $12,852,421.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Nikola Trading Down 6.8 %
Shares of NKLA stock opened at $4.08 on Friday. Nikola Co. has a 1 year low of $3.95 and a 1 year high of $15.56. The firm has a fifty day moving average price of $5.93 and a 200-day moving average price of $6.68. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.15 and a quick ratio of 1.95. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -2.21 and a beta of 1.39.
Nikola (NASDAQ:NKLA – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. The business had revenue of $18.10 million for the quarter, compared to the consensus estimate of $16.58 million. During the same period in the previous year, the firm earned ($0.36) EPS. The company’s revenue was up 1710.0% on a year-over-year basis. As a group, equities analysts predict that Nikola Co. will post -1.89 earnings per share for the current year.
Institutional Investors Weigh In On Nikola
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on NKLA. Evercore ISI set a $10.00 price objective on shares of Nikola in a report on Monday, June 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Nikola from $7.00 to $8.00 in a research report on Friday, August 5th. BTIG Research raised shares of Nikola from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, September 14th. Finally, Cowen cut their target price on shares of Nikola to $12.50 in a research report on Tuesday, August 9th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.83.
Nikola Company Profile
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector.
- Get a free copy of the StockNews.com research report on Nikola (NKLA)
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