Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Monday amid a broad sell-off triggered by fears of a new round of COVID-related economic disruptions. As of 11:30 a.m. ET, Nikola's shares were down about 7.9% from Friday's closing price. So what
Why are Nikola shares trading lower on Monday?
Dec 20, 2021 · What happened Shares of electric-truck start-up Nikola ( NKLA -5.07% ) 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?
Jan 19, 2022 · What happened Shares of the electric semi maker Nikola ( NKLA -5.03% ) are falling again today following a decline of nearly 6% yesterday. There wasn't any company-specific news released today, but...
Should you buy Nikola Motors stock?
Feb 24, 2022 · Investors seem to be happy with what the company announced today. Even with today's bounce, though, shares are still down about 25% year to date. If Nikola accomplishes the goals it has lined up ...
What does Wall Street see for Nikola’s next earnings report?
Sep 28, 2020 · Why Nikola Stock Is Down. ... 30% on a stock, and that was the case with Nikola. But then to drive out, lets for the moment give credit …
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 +49.61% increase from the last price of 8.36.
Is NKLA a good investment?
Valuation metrics show that Nikola Corporation may be overvalued. Its Value Score of F indicates it would be a bad pick for value investors. The financial health and growth prospects of NKLA, demonstrate its potential to underperform the market.
Why is Nikola stock increasing?
The company said the increase – from 600 million to 800 million shares – is in the “best interests” of the company and its shareholders, according to Nikola's proxy statement filed Friday to the Securities and Exchange Commission.Mar 14, 2022
What is the future of NKLA stock?
On average, Wall Street analysts predict that NIKOLA's share price could reach $11.33 by Feb 25, 2023. The average NIKOLA stock price prediction forecasts a potential upside of 37.37% from the current NKLA share price of $8.25.
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 Nikola a buy hold or sell?
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.
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.
Who invested in Nikola?
Nikola Corp. has announced two strategic investors from its prior funding rounds. Bosch and Hanwha have each invested at least $100 million, totaling $230 million. Nikola has also announced the lead investor, CNH Industrial, as part of its $1 billion Series D fundraising plan.
Is Lucid stock a buy?
Lucid (LCID) cars gained street credit even before hitting the street. LCID stock, on the other hand, is on the skids on Wall Street. Management can change that by impressing with production milestones....Buy Lucid Stock As It Will Earn Wall Street Cred Eventually.TickerCompanyCurrent PriceLCIDLucid$22.433 days ago
How much money did Nikola raise?
The reverse merger enabled Nikola to raise more than $700 million, between a private stock placement and the cash from VectoIQ's trust account, all without having to incur the costs in time and money associated with the IPO process.1718 IPOs can take a year or more to complete and they're expensive: underwriters may ...
Has Nikola successfully countered a short-seller's claims?
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) were down again on Monday, on continued selling pressure in the wake of a hard-hitting report from a short-seller last week.
So what
Nikola's stock has been under pressure since last Thursday, when short-seller Hindenburg Research released a scathing report that accused Nikola of being "an intricate fraud built on dozens of lies." From Wednesday's close through Friday's, the stock lost about 24% of its value.
Now what
Nikola's own response was somewhat less cogently argued, but it's also important to consider. In a nutshell, the company said that most of Hindenburg's allegations relate to events before 2017 or so, and that much progress has been made since.
