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.