Ideas And Forecasts On Nikola Corp (NASDAQ: NKLA)

Nikola Corp (NASDAQ:NKLA) currently has a daily average trading volume of 4.53M but it saw 5950386 shares traded in last market. With a market cap of 119.91M USD, the company’s current market price of $1.96 came rising about 0.51 while comparing to the previous closing price of $1.95. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.50 and as low as $1.83. In the recent trading on the day, stock has struck highest price mark of $1.89 while lowest mark touched by it was $2.03.

Taking a look at 20-day trading activity of Nikola Corp (NKLA) gives us an average price of $2.6783, while its current price level is -94.32% below from 52-week high level whereas it is 7.10% 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 $3.7719 while that of 200 days or SMA-200 reads an average of $12.0633. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.69% during that period while stretching the period over a month that increases to 11.56%. 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 28.26 which implies that the stock is in oversold territory.

Over the week, NKLA’s stock price is moving 2.62% up while it is -55.25% when we observe its performance for the past one month. Year-to-date it is -92.53% down and over the past year, the stock is showing a downside performance of -93.45%.

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 1.92. Stock has a price to book (P/B) ratio of 0.29 while price to sale or P/S ratio amounts to 1.59. Its return on asset (ROA) is -58.12% on average.