Nikola Co. (NASDAQ:NKLA – Get Rating) CEO Mark A. Russell sold 150,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $5.29, for a total transaction of $793,500.00. Following the sale, the chief executive officer now owns 2,812,346 shares in the company, valued at approximately $14,877,310.34. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Nikola Trading Down 10.5 %
NASDAQ NKLA opened at $4.58 on Tuesday. The business’s 50-day moving average price is $5.99 and its two-hundred day moving average price is $6.73. Nikola Co. has a 12 month low of $4.41 and a 12 month high of $15.56. The firm has a market capitalization of $1.99 billion, a PE ratio of -2.48 and a beta of 1.39. The company has a current ratio of 2.15, a quick ratio of 1.95 and a debt-to-equity ratio of 0.46.
Nikola (NASDAQ:NKLA – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.45) by $0.04. The business had revenue of $18.10 million for the quarter, compared to the consensus estimate of $16.58 million. During the same quarter in the previous year, the company earned ($0.36) EPS. The firm’s revenue for the quarter was up 1710.0% on a year-over-year basis. On average, analysts expect that Nikola Co. will post -1.89 EPS for the current year.
Institutional Investors Weigh In On Nikola
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Cowen cut their target price on shares of Nikola to $12.50 in a research report on Tuesday, August 9th. BTIG Research upgraded Nikola from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, September 14th. Deutsche Bank Aktiengesellschaft boosted their price objective on Nikola from $7.00 to $8.00 in a research report on Friday, August 5th. Finally, Evercore ISI set a $10.00 price objective on Nikola in a research report on Monday, June 20th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Nikola presently has a consensus rating of “Hold” and a consensus price target of $10.83.
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.
- Get a free copy of the StockNews.com research report on Nikola (NKLA)
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