Nikola (NKLA) to Release Earnings on Tuesday

Nikola (NASDAQ:NKLAGet Free Report) is scheduled to 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:NKLAGet Free Report) last posted its earnings results on Thursday, February 22nd. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.17) by $0.05. The business had revenue of $11.53 million during the quarter, compared to analysts’ expectations of $14.52 million. During the same period last year, the company 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 Stock Performance

NASDAQ:NKLA opened at $0.66 on Friday. The firm has a market capitalization of $891.69 million, a PE ratio of -0.52 and a beta of 2.10. The business’s fifty day moving average price is $0.74 and its 200 day moving average price is $0.82. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.20 and a quick ratio of 1.96. Nikola has a 12 month low of $0.52 and a 12 month high of $3.71.

Insider Transactions at Nikola

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

Analysts Set New Price Targets

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

Read Our Latest Research Report on NKLA

About Nikola

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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.

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Earnings History for Nikola (NASDAQ:NKLA)

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