Reflections On The Past For Investors Today: Nikola Corp (NASDAQ: NKLA)

Nikola Corp (NASDAQ:NKLA) does about 3.27M shares in volume on a normal day but saw 4243235 shares change hands in Friday trading. The company now has a market cap of 406.53M USD. Its current market price is $8.99, marking an increase of 10.31% compared to the previous close of $8.15. The 52 week high reached by this stock is $111.30 whilst the lowest price level in 52 weeks is $7.25.

Nikola Corp (NKLA) has a 20-day trading average at $11.69 and the current price is -91.92% off the 52-week high compared with 24.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $14.85 and its 200-day simple moving average is $24.09. If we look at the stock’s price movements over the week, volatility stands at 14.39%, which decreases to 10.96% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 33.76 to suggest the stock is neutral.

The consensus objective for the share price is $34.00, suggesting that the stock has a potential upside of 73.56% over the period.


The company shares received a number of brokerage firm price updates over the past month, with the latest being on May 16, 2024 when Bryan Garnier initiated the stock to “Buy” and issued a price target of $1. Robert W. Baird initiated its price target at $2.

Nikola Corp (NKLA) stock is up 5.15% over the week and -40.46% over the past month. Its price is -65.74% year-to-date and -79.04% over the past year.


To reach the target analysts have set, the stock logically needs to grow 73.56 percent from here.

The company has a return on investment of -109.89% and return on equity of -153.18%. The beta has a value of 2.09. Price to book ratio is 0.69 and price to sales ratio is 12.45.