Shares of Nikola ( NASDAQ:NKLA) fell 10% on Wednesday morning after the electric truck start-up lost a massive order from waste collection company Republic Services ( NYSE:RSG). The growth story investors eagerly bought into earlier in the year continues to crumble, and Nikola shares are falling as a result.
Why is Nikola stock trading lower on Tuesday morning?
Dec 20, 2021 · What happened Shares of electric-truck start-up Nikola ( NKLA -2.79% ) were trading lower on Monday amid a broad sell-off triggered by fears of a new round of COVID-related economic disruptions. As...
Why are investors cooling to tech stocks?
Aug 03, 2021 · Nikola Q2 earnings. Nikola (NASDAQ: NKLA) announced a 20-cent loss per share due to no sales—the business does not yet have a commercial product. Analysts predicted a loss of 30 cents. Because Nikola has yet to make any sales, cash is …
Why did Nikola stock jump after General Motors’ deal with Navistar?
Jan 19, 2022 · Shares of the electric semi maker Nikola ( NKLA -2.67% ) are falling again today following a decline of nearly 6% yesterday. There wasn't any company-specific news released today, but investors may...
How accurate is Spak's price target for Nikola's stock?
Shares of electric-truck start-up Nikola ( NKLA 4.66% ) are trading lower on Tuesday morning since a key Wall Street analyst gave the stock a mixed review in …
Is Nikola stock worth buying now?
Unless you are extremely confident about Nikola's technology and growth trajectory, now is not a great time to buy Nikola stock.Mar 18, 2022
Does Nikola have a future?
Nikola expects to deliver up to 25 Tre BEV (battery electric vehicle) trucks by the end of 2021. In addition, Nikola has begun testing of the Tre FCEV, running on hydrogen fuel cell technology. "FCEV" stands for fuel cell electric vehicle.Feb 17, 2022
Is Nikola stock expected to go up?
Stock Price Forecast The 8 analysts offering 12-month price forecasts for Nikola Corp have a median target of 12.50, with a high estimate of 23.00 and a low estimate of 8.00. The median estimate represents a +56.05% increase from the last price of 8.01.
Is Nikola stock a hold?
Nikola has received a consensus rating of Hold. The company's average rating score is 2.14, and is based on 1 buy rating, 6 hold ratings, and no sell ratings.
What is NKLA stock prediction?
Stock Price Forecast The 7 analysts offering 12-month price forecasts for Nikola Corp have a median target of 11.00, with a high estimate of 23.00 and a low estimate of 8.00. The median estimate represents a +13.99% increase from the last price of 9.65.
What will lucid stock be worth in 5 years?
The LCID (“LCID” ) future stock price will be 119.160 USD in 5 years. The long-term earning potential is +7.44% in one year. Retail traders have long been drawn to EV stocks, and several have gone public with a blank-check vehicle known as a SPAC – a move that attracts even more retail traders.Mar 16, 2022
What do analysts say about Nikola stock?
According to analysts, Nikola's stock has a predicted upside of 17.41% based on their 12-month price targets.
Is NKLA undervalued?
PB vs Industry: NKLA is overvalued based on its PB Ratio (4.9x) compared to the US Machinery industry average (2.4x).
Is NKLA a long-term stock?
According to Wallet Investor's algorithm-driven Nikola stock projection, as of 22 March NKLA stock was a “bad long-term (one year) investment” that would become effectively worthless over the next 12 months.Mar 22, 2022
Why is NKLA up?
NKLA Stock Soars on Production Launch After its founder and previous CEO Trevor Milton was accused of fraud, Nikola has been something of a cautionary tale. In fact, for a while after the allegations first emerged, the hype around its zero-emissions trucks had faded. Shares still are about 50% off their 52-week high.Mar 24, 2022
Is Nikola a US company?
Nikola Corporation is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. It presented several zero-emission vehicle concepts from 2016 to 2020. The company went public on June 4, 2020.
Is Lucid stock a buy?
LCID is currently valued by the market at 3.3 times consensus forward FY 2025 Enterprise Value-to-Revenue, which I deem as relatively fair. In my opinion, Lucid stock isn't nearing a buying point yet despite the recent share price correction, which makes the stock a Hold.Mar 29, 2022
Nikola Q2 earnings
Nikola (NASDAQ: NKLA) announced a 20-cent loss per share due to no sales—the business does not yet have a commercial product. Analysts predicted a loss of 30 cents.
Nikola cuts delivery and sales projections
Nikola officials warned on Tuesday that they will deliver fewer trucks this year than expected, warning that supply chain bottlenecks might leave some trucks without parts and unable to be recognised as sales.
Russell and Milton controversy
On Tuesday’s call with investors, the company addressed what Russell referred to as “the elephant in the room,” saying Milton’s indictment was a “potential distraction” that did not affect other company officers.
Nikola to build semi-trucks
Nikola intends to build long-haul semi trucks powered by batteries or hydrogen fuel cells, with leases for the hydrogen fuel-cell trucks including access to a network of hydrogen fueling stations. However, federal authorities alleged last week that the company’s founder lied about the company’s technology in order to raise its stock price.
Key Points
Investors continued to sell Nikola's shares as some bond yields hover at two-year highs.
NASDAQ: NKLA
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What happened
Shares of the electric semi maker Nikola ( NKLA 8.64% ) are falling again today following a decline of nearly 6% yesterday. There wasn't any company-specific news released today, but investors may be following a larger trend of selling technology stocks as bond yields rise.
So what
Today's sell-off appears to be a continuation of yesterday's drop. Some Treasury yields rose yesterday to highs not seen in two years, which spurred many investors to sell high-growth tech stocks, including Nikola's.
Now what
Nikola's stock price has been on a wild ride lately and is down 37% over the past six months. There may be more volatility ahead as investors try to figure out if they want to hold on to riskier tech stocks in 2022 while Treasury yields rise.
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A mixed-bag take from a Wall Street analyst has investors looking deeper
John Rosevear is the senior auto specialist for Fool.com. John has been writing about the auto business and investing for over 20 years, and for The Motley Fool since 2007. Follow @john__rosevear
What happened
Shares of electric-truck start-up Nikola ( NASDAQ:NKLA) are trading lower on Tuesday morning since a key Wall Street analyst gave the stock a mixed review in a new note.
So what
In a note on Tuesday morning, RBC auto analyst Joseph Spak initiated coverage on Nikola with the equivalent of a hold rating and a price target of $46.
Now what
I think Spak's take is a fair one. Nikola has genuinely promising technology, real partners, and an intriguing business plan -- but it also has yet to show auto investors that it can execute that plan.
What happened
After jumping 11% on Wednesday, and almost 38% just since Monday's closing price, shares of Nikola ( NKLA -1.98% ) are giving some of those gains back today. As of 1:55 p.m. EST, shares were down 17.5% on the day.
So what
On Monday night, President Joe Biden signed a "Buy America" executive order, and highlighted his support for electric vehicles at the same time. Biden specifically said, "The federal government also owns an enormous fleet of vehicles, which we're going to replace with clean electric vehicles made right here in America, by American workers."
Now what
While the GM news may support the relevance of Nikola's plans for hydrogen-fueled semitrucks, it had to be painful for Nikola management. A well-publicized potential agreement between Nikola and GM fizzled in size late last year when Nikola's credibility came into question.
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Another leg of the growth story has collapsed
Lou has followed the markets for more than two decades, developing extensive contacts including industry leaders, consultants, regulators, and labor representatives. He spends a lot of time these days focused on the industrials and financials.
What happened
Shares of Nikola ( NASDAQ:NKLA) fell 10% on Wednesday morning after the electric truck start-up lost a massive order from waste collection company Republic Services ( NYSE:RSG). The growth story investors eagerly bought into earlier in the year continues to crumble, and Nikola shares are falling as a result.
So what
Nikola was flying high in August when it announced a deal with Republic Services to develop and manufacture 2,500 waste and recycling collection trucks, breaking into a huge potential market for EVs.
Now what
Nikola made a big splash when it first went public earlier this year, but with each bit of new information coming out it is increasingly more difficult for investors to get excited about the company.
Where is Nikola made?
It was founded in 2014 in Salt Lake City, Utah. The company is named after inventor Nikola Tesla.
Is Nikola a bullish company?
Nikola is bullish on itself. It seeks to provide zero-emissions transportation and infrastructure solutions. Its potential product lineup includes battery-electric and hydrogen-electric class 8 commercial trucks, off-highway vehicles and watercraft. The problem? This stock was doomed to go down, a lot. The conversations around it are also getting rather bloody.
