Thinking of Investing in NKLA? What Our Analysts Know.

By Kim Brooks • Thursday, September 14 11:33 • Permanent Link

Mid-cap Consumer Discretionary company Nikola has moved 28.8% so far today on a volume of 135,071,352, compared to its average of 86,861,196. In contrast, the S&P 500 index moved 1.0%.

Nikola trades -53.72% away from its average analyst target price of $2.42 per share. The 6 analysts following the stock have set target prices ranging from $1.0 to $5.0, and on average have given Nikola a rating of hold.

Anyone interested in buying NKLA should be aware of the facts below:

Nikola has moved -79.0% over the last year, and the S&P 500 logged a change of 17.0%
Based on its trailing earnings per share of -1.38, Nikola has a trailing 12 month Price to Earnings (P/E) ratio of -0.8 while the S&P 500 average is None
NKLA has a forward P/E ratio of -2.6 based on its forward 12 month price to earnings (EPS) of $-0.43 per share
The company has a price to earnings growth (PEG) ratio of -0.06 — a number near or below 1 signifying that Nikola is fairly valued compared to its estimated growth potential
Its Price to Book (P/B) ratio is 1.65 compared to its sector average of None
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions.
Based in Phoenix, the company has 1,500 full time employees and a market cap of $959.09 Million.

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.