Nikola (NASDAQ:NKLA – Get Free Report) is expected to announce its earnings results before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of ($2.30) per share and revenue of $40.86 million for the quarter.
Nikola Stock Down 10.3 %
Shares of Nikola stock opened at $0.54 on Tuesday. The company has a market cap of $32.96 million, a price-to-earnings ratio of -0.04 and a beta of 1.97. The company’s 50 day moving average is $1.07 and its 200 day moving average is $3.42. Nikola has a twelve month low of $0.43 and a twelve month high of $34.50. The company has a quick ratio of 0.94, a current ratio of 1.17 and a debt-to-equity ratio of 0.71.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on NKLA shares. Bryan, Garnier & Co downgraded shares of Nikola from a “buy” rating to a “neutral” rating in a research report on Thursday, November 7th. DA Davidson cut their target price on shares of Nikola from $12.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Nikola from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen dropped their price target on shares of Nikola from $10.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.00.
About Nikola
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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