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Jul 08, 2020

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.

 

 

 

Related Ticker: NKLA

NKLA in -4.37% downward trend, falling for three consecutive days on March 01, 2024

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 .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

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.

Bullish Trend Analysis

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 .

Fundamental Analysis (Ratings)

Fear & Greed

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.

Notable companies

The most notable companies in this group are Caterpillar (NYSE:CAT), Deere & Company (NYSE:DE).

Industry description

The industry designs and builds agricultural, construction and other large commercial and transportation equipment. Tractors, planters and harvesters, as well as rock-crushing, railroad, demolition and other construction implements are produced by this industry. Rapid urbanization and industrialization has been bolstering the expansion of the construction sector in the past few decades, thereby boosting demand for heavy equipment businesses. Caterpillar Inc., Deere & Company and Cummins Inc (Ex. Cummins Engine Inc) are some prominent companies in this industry.

Market Cap

The average market capitalization across the Trucks/Construction/Farm Machinery Industry is 10.13B. The market cap for tickers in the group ranges from 223.29K to 168.14B. CAT holds the highest valuation in this group at 168.14B. The lowest valued company is OSRS at 223.29K.

High and low price notable news

The average weekly price growth across all stocks in the Trucks/Construction/Farm Machinery Industry was 2%. For the same Industry, the average monthly price growth was 6%, and the average quarterly price growth was 3%. PTJSY experienced the highest price growth at 37%, while LEV experienced the biggest fall at -18%.

Volume

The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -37%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was 85%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 44
P/E Growth Rating: 65
Price Growth Rating: 52
SMR Rating: 59
Profit Risk Rating: 66
Seasonality Score: -3 (-100 ... +100)
View a ticker or compare two or three
NKLADaily Signal changed days agoGain/Loss if shorted
 
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

a company which engages in the provision of zero-emissions transportation and infrastructure solutions

Industry TrucksConstructionFarmMachinery

Profile
Fundamentals
Details
Industry
N/A
Address
4141 East Broadway Road
Phone
+1 480 666-1038
Employees
1500
Web
https://www.nikolamotor.com
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NKLA and

Correlation & Price change

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.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NKLA
1D Price
Change %
NKLA100%
-1.26%
ACA - NKLA
34%
Loosely correlated
+0.54%
CAT - NKLA
26%
Poorly correlated
+0.82%
TEX - NKLA
25%
Poorly correlated
-1.15%
OSK - NKLA
23%
Poorly correlated
+0.84%
LEV - NKLA
23%
Poorly correlated
-0.68%
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