Shares of Industrials sector company Nikola moved 5.2% Friday, and are now trading at a price of $2.62. The mid-cap stock's daily volume was 9,467,031 compared to its average volume of 11,949,643. The S&P 500 index returned a 0.6% performance.
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company is based in Phoenix and has 900 full time employees. Its market capitalization is $1,254,589,568.
8 analysts are following Nikola and have set target prices ranging from $2.5 to $15 per share. On average, they have given the company a rating of hold. At today's prices, NKLA is trading -59.32% away from its average analyst target price of $6.44 per share.
Over the last year, NKLA shares have gone down by -75.7%, which represents a difference of -55.9% when compared to the S&P 500. The stock's 52 week high is $12.14 per share and its 52 week low is $2.01. Nikola has averaged free cash flows of $-211,447,000.0 over the last four years, with a mean growth rate of -101.9%. It is likely that the stock will keep following its current negative performance trend while the underlying business is experiencing such poor cash flows.
|Date Reported||Cash Flow from Operations ($ MM)||Capital expenditures ($ MM)||Free Cash Flow ($ MM)||YoY Growth (%)|