Nikola Co. (NASDAQ:NKLA – Get Rating) Director Mark A. Russell sold 75,000 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $2.57, for a total value of $192,750.00. Following the transaction, the director now owns 2,812,346 shares in the company, valued at $7,227,729.22. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Nikola Price Performance
NKLA opened at $2.38 on Friday. Nikola Co. has a one year low of $2.27 and a one year high of $12.14. The business’s 50 day moving average price is $3.27 and its 200 day moving average price is $5.02. The company has a current ratio of 1.75, a quick ratio of 1.46 and a debt-to-equity ratio of 0.50.
Nikola (NASDAQ:NKLA – Get Rating) last released its quarterly earnings data on Thursday, November 3rd. The company reported ($0.54) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.02. The business had revenue of $24.24 million during the quarter, compared to analyst estimates of $22.81 million. On average, research analysts forecast that Nikola Co. will post -1.96 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Wedbush lowered their target price on Nikola from $10.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, November 4th. Cowen lowered their target price on Nikola from $12.50 to $10.00 in a report on Friday, November 4th. Cowen lowered their target price on Nikola from $12.50 to $10.00 in a report on Friday, November 4th. Deutsche Bank Aktiengesellschaft boosted their target price on Nikola from $7.00 to $8.00 in a report on Friday, August 5th. Finally, BTIG Research upgraded Nikola from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Wednesday, September 14th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $9.25.
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.
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