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NKLA
Stock ticker:
NASDAQ
AS OF
Sep 23 closing price
Price
$3.89
Change
-$0.19 (-4.66%)
Capitalization
1.69B

NKLA Price Prediction, Nikola Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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NKLA Trading results, last 6 months
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AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Sep 23, 2022

NKLA in downward trend: price dove below 50-day moving average on August 29, 2022

NKLA moved below its 50-day moving average on August 29, 2022 date and that indicates a change from an upward trend to a downward trend. In 11 of 12 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day moving average for NKLA crossed bearishly below the 50-day moving average on August 30, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 6 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

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 September 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NKLA advanced for three days, in of 122 cases, the price rose further within 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.

Fundamental Analysis (Ratings)

Fear & Greed

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 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 (2.814) is normal, around the industry mean (1.954). P/E Ratio (0.000) is within average values for comparable stocks, (59.645). NKLA's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.060). NKLA has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.051). P/S Ratio (80.000) is also within normal values, averaging (114.604).

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 81, placing this stock worse than average.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

NKLA is expected to report earnings to rise 45.72% to -36 cents per share on November 03

Nikola Corp NKLA Stock Earnings Reports
Q3'22
Est.
$-0.36
Q2'22
Beat
by $0.02
Q1'22
Beat
by $0.04
Q4'21
Beat
by $0.09
Q3'21
Beat
by $0.03
The last earnings report on August 04 showed earnings per share of -25 cents, beating the estimate of -26 cents. With 15.15M shares outstanding, the current market capitalization sits at 1.69B.
AI
A.I.Advisor
published Highlights

Notable companies

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

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 7.17B. The market cap for tickers in the group ranges from 223.29K to 100.87B. DE holds the highest valuation in this group at 100.87B. 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 -5%. For the same Industry, the average monthly price growth was -13%, and the average quarterly price growth was -20%. FBRKF experienced the highest price growth at 5%, while IDEX experienced the biggest fall at -31%.

Volume

The average weekly volume growth across all stocks in the Trucks/Construction/Farm Machinery Industry was -24%. For the same stocks of the Industry, the average monthly volume growth was 71% and the average quarterly volume growth was 12%

Fundamental Analysis Ratings

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

Valuation Rating: 43
P/E Growth Rating: 53
Price Growth Rating: 73
SMR Rating: 29
Profit Risk Rating: 80
Seasonality Score: -8 (-100 ... +100)
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NKLA
Buy/Sell Ratings
 
 
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AI
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
900
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 IDEX. These tickers have moved in lockstep 59% of the time. This A.I.-generated data suggests there is some statistical probability that if NKLA jumps, then IDEX could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NKLA
1D Price
Change %
NKLA100%
-4.66%
IDEX - NKLA
59%
Loosely correlated
-5.53%
LEV - NKLA
59%
Loosely correlated
-0.66%
ZEV - NKLA
57%
Loosely correlated
-4.49%
HYFM - NKLA
50%
Loosely correlated
-9.13%
XOS - NKLA
48%
Loosely correlated
+5.43%
More