Earnings results for Nikola Corporation (NASDAQ:NKLA)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at -0.14 and decreased over the past month from 999 to -0.14(100.01%). none raised and none lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at -0.63 and decreased over the past month from 999 to -0.63(100.06%). none raised and none lowered their forecast.
Analyst Opinion on Nikola Corporation (NASDAQ:NKLA)
2 Wall Street analysts have issued ratings and price targets for Nikola in the last 12 months. Their average twelve-month price target is $62.00, suggesting that the stock has a possible upside of 8.41%. The high price target for NKLA is $79.00 and the low price target for NKLA is $45.00. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”
Nikola has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $62.00, Nikola has a potential upside of 8.4% from its current price of $57.19. Nikola has only been the subject of 2 research reports in the past 90 days.
Dividend Strength: Nikola Corporation (NASDAQ:NKLA)
Nikola does not currently pay a dividend. Nikola does not have a long track record of dividend growth.
Insiders buying/selling: Nikola Corporation (NASDAQ:NKLA)
In the past three months, Nikola insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $179,850,000.00 in company stock and sold $0.00 in company stock. Only 15.80% of the stock of Nikola is held by insiders. 71.96% of the stock of Nikola is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Nikola Corporation (NASDAQ:NKLA
Earnings for Nikola are expected to decrease in the coming year, from ($0.63) to ($0.69) per share. Nikola has a P/B Ratio of 301.00. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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