Nikola Corp (NASDAQ: NKLA) – Time For Strategy Change?

Nikola Corp (NASDAQ:NKLA) currently has a daily average trading volume of 9.09M but it saw 15548991 shares traded in last market. With a market cap of 103.05M USD, the company’s current market price of $1.22 came falling about -14.08 while comparing to the previous closing price of $1.42. In past 52 weeks, the stock remained buoying in the range of price level as high as $34.50 and as low as $1.08. In the recent trading on the day, stock has struck highest price mark of $1.21 while lowest mark touched by it was $1.39.

Taking a look at 20-day trading activity of Nikola Corp (NKLA) gives us an average price of $1.3090, while its current price level is -96.46% below from 52-week high level whereas it is 12.96% 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 $2.1143 while that of 200 days or SMA-200 reads an average of $9.4647. A closer look into the stock’s movement over the week reveals that its volatility is standing at 20.36% during that period while stretching the period over a month that decreases to 15.92%. 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 37.44 which implies that the stock is in neutral territory.

Over the week, NKLA’s stock price is moving 2.52% up while it is -24.22% when we observe its performance for the past one month. Year-to-date it is 2.52% up and over the past year, the stock is showing a downside performance of -95.00%.

Currently, Nikola Corp’s total number of outstanding shares is 84.47M. Company’s return on investment (ROI) stands at -96.75% and return on equity (ROE) at -129.17%. Stock’s beta reads 1.99. Stock has a price to book (P/B) ratio of 0.18 while price to sale or P/S ratio amounts to 1.36. Its return on asset (ROA) is -58.12% on average.