Nikola Stock On the Move After Today's News

By Kim Brooks • Thursday, February 23 10:15 • Permanent Link

NKLA investors were likely spooked this morning by Reuters's report: "EV maker Nikola misses revenue target, sees higher deliveries in ... ..." For more coverage, read the full article here. On the back of this news, Nikola sank -2.51% to a price of $2.33.

Nikola Corporation designs and manufactures batteries for electric and hydrogen-free electric vehicles. The company belongs to the Consumer Cyclical sector, which has an average price to earnings (P/E) ratio of 22.33 and an average price to book (P/B) ratio of 3.12. In contrast, Nikola has a trailing 12 month P/E ratio of -1.3 and a P/B ratio of 1.791.

Nikola has moved -65.89% over the last year compared to -6.94% for the S&P 500 -- a difference of -60%. Nikola has a 52 week high of $11.87 and a 52 week low of $2.01.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.