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 (%) |
|---|---|---|---|---|
| 2021-12-31 | -307 | -179 | -486 | -181.4 |
| 2020-12-31 | -151 | -22 | -173 | -44.13 |
| 2019-12-31 | -81 | -39 | -120 | -80.13 |
| 2018-12-31 | -54 | -13 | -67 | n/a |
