Nikola (NKLA) to Release Earnings on Tuesday

Nikola (NASDAQ:NKLA) will announce its earnings results before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Nikola (NASDAQ:NKLA) last released its quarterly earnings data on Thursday, February 22nd. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. The firm had revenue of $11.53 million for the quarter, compared to the consensus estimate of $14.52 million. During the same quarter in the prior year, the firm earned ($0.46) EPS. On average, analysts expect Nikola to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Nikola Trading Up 1.5 %

Shares of Nikola stock opened at $0.65 on Tuesday. The stock has a fifty day simple moving average of $0.75 and a 200 day simple moving average of $0.83. Nikola has a 12-month low of $0.52 and a 12-month high of $3.71. The company has a market capitalization of $885.72 million, a P/E ratio of -0.52 and a beta of 1.99. The company has a current ratio of 2.20, a quick ratio of 1.96 and a debt-to-equity ratio of 0.37.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NKLA shares. DA Davidson reiterated a “neutral” rating and set a $1.00 price target on shares of Nikola in a report on Tuesday, March 5th. Wolfe Research initiated coverage on Nikola in a research note on Tuesday, April 9th. They issued a “peer perform” rating for the company. Finally, Robert W. Baird initiated coverage on Nikola in a research note on Wednesday, January 24th. They issued an “outperform” rating and a $2.00 price objective for the company.

Insider Buying and Selling at Nikola

In other news, insider Joseph R. Pike sold 75,162 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $0.68, for a total transaction of $51,110.16. Following the transaction, the insider now owns 429,790 shares of the company’s stock, valued at approximately $292,257.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.00% of the company’s stock.

Nikola Company Profile

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.