Nikola Corp (NASDAQ:NKLA) price closed lower on Monday, April 15, dropping -6.67% below its previous close.
A look at the daily price movement shows that the last close reads $0.70. The company’s 5Y monthly beta was ticking 2.00. Taking into account the 52-week price action we note that the stock hit a 52-week high of $3.71 and 52-week low of $0.52. The stock added 8.93% on its value in the past month.
Nikola Corp, which has a market valuation of $872.96 million, is expected to release its quarterly earnings report May 07, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NKLA a short term outlook of Hold on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
The overview shows that NKLA’s price is at present -21.19% off the SMA20 and -13.46% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 38.43, with weekly volatility standing at 13.59%. The indicator jumps to 12.25% when calculated based on the past 30 days. Nikola Corp (NASDAQ:NKLA)’s beta value is holding at 2.06, while the average true range (ATR) indicator is currently reading 0.10.
An analysis of the Nikola Corp (NASDAQ:NKLA) stock in terms of its daily trading volume indicates that the 3-month average is 97.59 million.
Current records show that the company has 1.33B in outstanding shares. The insiders’ percentage holdings are 7.55% of outstanding shares while the percentage share held by institutions stands at 33.81%. But the -25.29% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
