Nikola Co. (NASDAQ:NKLA – Get Rating) CEO Mark A. Russell sold 150,000 shares of the business’s stock in a transaction dated 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 directly owns 2,812,346 shares in the company, valued at $14,877,310.34. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Nikola Stock Down 10.5 %
Shares of NKLA opened at $4.58 on Tuesday. Nikola Co. has a 52 week low of $4.41 and a 52 week high of $15.56. The firm has a market cap of $1.99 billion, a P/E ratio of -2.48 and a beta of 1.39. The firm’s 50-day simple moving average is $5.99 and its 200 day simple moving average is $6.73. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.95 and a current ratio of 2.15.
Nikola (NASDAQ:NKLA – Get Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. The company had revenue of $18.10 million during the quarter, compared to analyst estimates of $16.58 million. During the same quarter last year, the company posted ($0.36) EPS. The firm’s quarterly revenue was up 1710.0% on a year-over-year basis. On average, analysts forecast that Nikola Co. will post -1.89 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on NKLA shares. BTIG Research raised shares of Nikola from a “neutral” rating to a “buy” rating and set a $12.00 price target on the stock in a research report on Wednesday, September 14th. Cowen dropped their target price on shares of Nikola to $12.50 in a report on Tuesday, August 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Nikola from $7.00 to $8.00 in a report on Friday, August 5th. Finally, Evercore ISI set a $10.00 target price on shares of Nikola in a report on Monday, June 20th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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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