Today Reuters is reporting: "Dec 15 ( Reuters ) - Electric truck maker Nikola Corp ( NKLA.O ) said on Thursday that it would sell up to 75 Tre hydrogen-powered trucks over three years to fuel-cell technology developer Plug Power Inc ( PLUG.O ) . Electric vehicle ( EV ) makers are looking to capitalize on tax incentives ..." For full coverage click here. Shares of the mid-cap Industrials company have not moved much on the news as of the morning trading session, and are currently trading at $2.1.
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company belongs to the Industrials sector, which has an average price to earnings (P/E) ratio of 21.46 and an average price to book (P/B) ratio of 3.7. In contrast, Nikola has a trailing 12 month P/E ratio of -1.2 and a P/B ratio of 1.7.
Nikola has moved -77.4% over the last year compared to -14.4% for the S&P 500 -- a difference of -62.9%. Nikola has a 52 week high of $12.14 and a 52 week low of $2.01. At today's price of $2.1 per share, Nikola is -67.47% away from its target price of $6.44, and on average, analysts give the stock a rating of hold. 26.6% of the company's shares are linked to short positions, and 25.8% of the shares are owned by institutional investors.