Nikola Corp (NASDAQ: NKLA) Drops -31.25% Over A Month, But Analysts Still See Upside Potential

Nikola Corp (NASDAQ:NKLA) currently has a daily average trading volume of 3.64M but it saw 3791954 shares traded in last market. With a market cap of 187.48M USD, the company’s current market price of $3.08 came falling about -1.28 while comparing to the previous closing price of $3.12. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.80 and as low as $2.91. In the recent trading on the day, stock has struck highest price mark of $3.07 while lowest mark touched by it was $3.35.

Taking a look at 20-day trading activity of Nikola Corp (NKLA) gives us an average price of $3.99, while its current price level is -91.15% below from 52-week high level whereas it is 5.84% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.68 while that of 200 days or SMA-200 reads an average of $13.41. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.36% during that period while stretching the period over a month that decreases to 9.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 33.25 which implies that the stock is in neutral territory.

Over the week, NKLA’s stock price is moving -21.63% down while it is -31.25% when we observe its performance for the past one month. Year-to-date it is -88.26% down and over the past year, the stock is showing a downside performance of -90.03%.

Currently, Nikola Corp’s total number of outstanding shares is 60.87M. Company’s return on investment (ROI) stands at -96.75% and return on equity (ROE) at -129.17%. Stock’s beta reads 2.04. Stock has a price to book (P/B) ratio of 0.45 while price to sale or P/S ratio amounts to 2.48. Its return on asset (ROA) is -58.12% on average.