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.
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.
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where NKLA declined for three days, in of 285 cases, the price declined further within the following month. The odds of a continued downward trend are .
The Momentum Indicator moved below the 0 level on March 01, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on NKLA as a result. In of 92 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
NKLA moved below its 50-day moving average on February 29, 2024 date and that indicates a change from an upward trend to a downward trend.
NKLA broke above its upper Bollinger Band on February 23, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where NKLA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for NKLA just turned positive on January 25, 2024. Looking at past instances where NKLA's MACD turned positive, the stock continued to rise in of 45 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NKLA advanced for three days, in of 207 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 191 cases where NKLA Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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 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 (1.365) is normal, around the industry mean (1.931). P/E Ratio (0.000) is within average values for comparable stocks, (23.766). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.825). NKLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (16.393) is also within normal values, averaging (107.223).
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 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 66, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a company which engages in the provision of zero-emissions transportation and infrastructure solutions
A.I.dvisor indicates that over the last year, NKLA has been loosely correlated with ACA. These tickers have moved in lockstep 34% of the time. This A.I.-generated data suggests there is some statistical probability that if NKLA jumps, then ACA could also see price increases.