Nikola (NKLA, $50.35) gets rating hike from JP Morgan analyst
Nikola got a rating upgrade from J.P. Morgan .
Analyst Paul Coster boosted rating on the hybrid truck design/manufacturing company's shares to overweight from neutral. Coster affirmed his price target at $45.
According to Coster, after a 40% month-to-date decline in July, the stock is beginning to look attractive for long-term investors ahead of a "number of potential positive catalysts in coming weeks and months." He is expecting some developments from Nikola such as the announcement of a manufacturing partner for the Badger truck, a hydrogen-fuel station deployment plan for the U.K., and speeding up of implementation plans for the FuelCell Energy truck in the U.S.
Tickeron says:
NKLA is expected to report earnings to rise 225.00% to -12 cents per share on September 02. The last earnings report on June 03 showed earnings per share of -3 cents, beating the estimate of -7 cents. With 13.51M shares outstanding, the current market capitalization sits at 14.52B.
NKLA in +5.93% Uptrend, growing for three consecutive days on December 18, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NKLA advanced for three days, in of 233 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for NKLA just turned positive on November 29, 2024. Looking at past instances where NKLA's MACD turned positive, the stock continued to rise in of 38 cases over the following month. The odds of a continued upward trend are .
NKLA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NKLA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for NKLA entered a downward trend on December 24, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.932) is normal, around the industry mean (2.130). P/E Ratio (0.000) is within average values for comparable stocks, (22.445). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.737). Dividend Yield (0.000) settles around the average of (0.055) among similar stocks. P/S Ratio (23.202) is also within normal values, averaging (123.931).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. NKLA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NKLA’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock worse than average.
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a company which engages in the provision of zero-emissions transportation and infrastructure solutions
Industry TrucksConstructionFarmMachinery