Nikola Stock Quote and Company News Updates

Nikola Corporation's stock has seen significant fluctuations in recent years, with its price per share reaching as high as $79.73 in June 2020.

The company has faced challenges, including a SEC investigation into its financial statements and a lawsuit from a short-seller who claimed Nikola was overstating its technology.

Nikola's stock price has also been affected by its partnership with General Motors, which was announced in 2020 and valued at $2 billion.

Nikola's hydrogen fuel cell technology is still in development, and the company has faced delays in its production timeline.

Nikola's revenue took a hit in 2023, decreasing by 27.93% to $35.84 million compared to the previous year's $49.73 million.

The company's losses were substantial, reaching -$966.28 million, a 23.2% increase from the previous year.

Nikola's financial performance is a concern, with the company's revenue and profits declining over the past year.

Here's a summary of Nikola's financial performance in 2023:

The table shows a decline in revenue and a significant increase in losses for Nikola in 2023.

Nikola's financial struggles are evident in its quarterly earnings reports, which have consistently shown losses over the past year.

The company's focus on producing fuel-cell electric trucks has led to high costs, contributing to its financial woes.

Nikola's financial performance is a major concern for investors, who are waiting to see if the company can turn things around.

The company's revenue is expected to increase in the coming years, but it will likely take time for Nikola to recover from its current financial struggles.

For more insights, see: Canaccord Financial Stock

The average rating for NKLA stock is "Hold" according to 4 analysts, which suggests a neutral sentiment towards the stock.

Analysts have been maintaining their hold ratings for NKLA stock over the past year, with D.A. Davidson & Co. maintaining a hold rating since July 31, 23.

A few analysts have been more optimistic about NKLA stock, with Baird Patrick & Co maintaining a buy rating since January 24, 24, and Cowen and Company, LLC maintaining a buy rating since February 24, 23.

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Here is a summary of the analyst ratings:

The 12-month stock price forecast is $6.0, which is an increase of 616.50% from the latest price, suggesting a significant potential upside for investors.

Nikola's financial performance has been a concern, with revenue decreasing by 27.93% in 2023 to $35.84 million, compared to the previous year's $49.73 million.

Losses were -$966.28 million, a 23.2% increase from 2022. This significant decrease in revenue and increase in losses are red flags for investors.

In terms of share price, Nikola's current price is $0.88, a far cry from its 52-week high of $34.50. The 52-week low is even lower at $0.76, highlighting the volatility of the stock.

Here's a summary of Nikola's share price performance over the past year:

Nikola's share price has been extremely volatile, with a 1-year change of -96.30% and a 3-year change of -99.63%. This is a significant concern for investors.

As we take a closer look at the stock price and performance of Nikola, it's essential to stay on top of their scheduled earnings reports. The company has a clear calendar of events that we can reference.

Nikola's Q4 2024 earnings report is set to be released on February 20, 2025, with an estimated impact of -2.283 USD.

Their Q1 2025 earnings report is scheduled for May 13, 2025, with an estimated impact of -2.047 USD.

We can also expect their Q2 2025 earnings report to be released on July 31, 2025, with an estimated impact of -2.017 USD.

Lastly, their Q3 2025 earnings report is set for October 30, 2025, with an estimated impact of -1.870 USD.

Here's a summary of Nikola's upcoming earnings reports:

Nikola's stock price has taken a significant hit, crashing by 87% this year alone. The current share price is a mere $0.88, a far cry from its 52-week high of $34.50.

The 1 month change in stock price is a staggering -23.20%, and the 3 month change is even more drastic at -79.84%. Over the past year, the stock price has plummeted by a whopping -96.30%.

Here's a breakdown of Nikola's price history and performance over the past few years:

The stock's beta of 1.99 indicates that it's a relatively volatile investment, and the 3 year and 5 year changes are a stark reminder of the stock's overall decline.

The risk/reward ratio for Nikola stock is looking quite favorable. Nikola's stock price soared by over 20% in its best day in over a month.

This significant increase is a result of a strong production and sales report published by the hydrogen truck company. The company's report was a game-changer for investors.

Nikola's stock price went parabolic on the day of the report, reaching a new high. This kind of momentum can be a strong indicator of future growth.

Investors are taking notice of Nikola's progress and are willing to take on some risk to potentially reap big rewards.