NKLA - Nikola Corporation
After hours:
| Previous close | 0.5742 |
| Open | 0.6000 |
| Bid | 0.5820 x 4000 |
| Ask | 0.5840 x 2200 |
| Day's range | 0.5625 - 0.6018 |
| 52-week range | 0.5500 - 8.9700 |
| Volume | |
| Avg. volume | 26,812,042 |
| Market cap | 419.679M |
| Beta (5Y monthly) | 1.43 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.6200 |
| Earnings date | 02 Aug 2023 - 07 Aug 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 3.29 |
ReutersElectric truck maker Nikola may do reverse stock split to comply with Nasdaq rules
SAN FRANCISCO (Reuters) -Electric truck maker Nikola Corp may execute a reverse stock split if its stock does not comply with Nasdaq's minimum bid price requirements within a certain period, its chief executive Michael Lohscheller said on Thursday. Nikola, which closed at about 57 cents on Thursday as it battles mounting losses, high cash burn and sluggish demand for its battery-powered trucks, said last week it received a delisting notice from the stock exchange. Nasdaq requires shares trade above $1 and sends a notice if one trades below that mark for 30 consecutive business days.
ZacksDown -33.42% in 4 Weeks, Here's Why Nikola (NKLA) Looks Ripe for a Turnaround
The heavy selling pressure might have exhausted for Nikola (NKLA) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Yahoo Finance VideoNikola issued delisting warning from Nasdaq
Yahoo Finance Live discusses the drop in shares of Nikola after the company received a delisting warning from Nasdaq.
Motley FoolNikola Fell Hard -- and This Ad-Tech Stock Plunged Even More Thursday
One tech giant generated huge gains for many market benchmarks, but obscured downward moves in other stocks.
Motley FoolWhy Nikola Stock Is Plummeting Again Today
Shares of Nikola (NASDAQ: NKLA) are cratering again Thursday's trading. The electric vehicle company's share price was down roughly 21% as of 3:15 p.m. ET, according to data from S&P Global Market Intelligence. Nikola sent out a message revealing that it was in danger of being delisted from the Nasdaq stock exchange.
Yahoo FinanceNikola stock at risk of delisting, closes at all-time of low of 62 cents
Nikola shares touched a 52 week low. The stock has closed under $1 for more than 30 consecutive business days and is at risk of being delisted.
ReutersElectric truck maker Nikola receives delisting notice
Nikola has been trying to raise cash for operations by selling equity, like other electric vehicle (EV) firms, in a turbulent market, and on Wednesday urged shareholders to vote in favor of increasing the number of shares at its annual shareholder meeting next month. EV startup Lordstown Motors Corp last month received a similar notice and effected a reverse stock split this week to meet the exchange's rules. Earlier this month, Nikola said it would pause production to streamline the assembly line at its Coolidge, Arizona factory amid sluggish demand for its battery-powered trucks.
- Investing.com
This week in EVs: Tesla's lithium gambit, GM restructuring, TuSimple in trouble
By Michael Elkins
Motley FoolNikola (NKLA) Q1 2023 Earnings Call Transcript
It is my pleasure to introduce Dhillon Sandhu from investor relations. Joining me today are Michael Lohscheller, chief executive officer; Stasy Pasterick, chief financial officer; and Carey Mendes, president of energy.
Yahoo FinanceNikola: Customers prefer hydrogen fuel cell trucks and we have 'first-mover' advantage
Electric and hydrogen-fuel cell powered truckmaker Nikola is hoping a re-focusing will be good for business.
Yahoo Finance VideoNikola has 'first-mover advantage' with new hydrogen fuel cell electric truck, CEO explains
Nikola Motors CEO Michael Lohscheller discusses the company's decision to enter the EV truck market and details how the new hydrogen fuel cell electric truck gives the company a "first-mover advantage".
Motley FoolThe Big Reason Nikola Stock Is Tumbling Today
Shares of Nikola (NASDAQ: NKLA) are in free fall today. Nikola is ending a joint venture in Europe and in a surprise move, making a huge business shift: It's deviating from its core business of electric trucks to focus elsewhere. Nikola produced 63 Tre battery-electric trucks in Q1 and delivered 31 units to dealers.
Motley FoolNikola Plans to Shift Focus to North America: What It Means for Investors
Electric heavy truck maker Nikola (NASDAQ: NKLA) made some big announcements with its first-quarter earnings report released today. The company has been struggling financially as it works to ramp up sales of its battery electric semitrucks. Nikola most recently raised about $100 million in new capital by selling its stock at $1.12 per share.
ZacksNikola (NKLA) Reports Q1 Loss, Lags Revenue Estimates
Nikola (NKLA) delivered earnings and revenue surprises of 7.14% and 31.57%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?
ReutersNikola to pause production, cut costs after quarterly loss
Investors have focused on cash reserves at Nikola and other EV makers amid fears that slowing sales could push the companies to pursue more share sales to raise funds. Cash burn in the first quarter was $240 million, compared with $200 million per quarter in 2022, Nikola said. "This level of cash burn is not sustainable for our business, and we are looking at every option for reductions in spending," the company's finance chief, Stasy Pasterick, told analysts on a conference call.
ZacksNikola (NKLA) to Report Q1 Earnings: What's in the Offing?
The Zacks Consensus Estimate for Nikola's (NKLA) loss per share and revenues is pegged at 28 cents and $16.25 million, respectively, for the first quarter of 2023.
Motley FoolWhy Nikola Has Been Dropping Again This Week
Nikola (NASDAQ: NKLA) shares were lower by as much as 13% this week, even as the company expanded its customer base. Growth investors have been focusing on earnings reports from big technology companies this week, which has helped the tech-heavy Nasdaq Composite index outpace the other major U.S. indexes with a small gain for the week. In fact, Nikola reported some positive news related to its underlying business this week.
ZacksNikola (NKLA) Dips More Than Broader Markets: What You Should Know
Nikola (NKLA) closed the most recent trading day at $0.81, moving -1.29% from the previous trading session.
ZacksNikola (NKLA) Flat As Market Sinks: What You Should Know
Nikola (NKLA) closed the most recent trading day at $0.91, making no change from the previous trading session.
Motley FoolWhy Rivian and Nikola Popped, but Fisker Dropped
The entire electric vehicles industry got all shook up Monday morning -- and remains so as we head into the afternoon -- after the U.S. Departments of Energy and Treasury (rather than the Department of Transportation, as you might expect) basically told investors which car stocks will be winners and which ones will be losers going forward. The biggest of the winners, it seems, will be General Motors (NYSE: GM), which as Car and Driver reports today, "not only plans to build all its future EVs in North America but has announced numerous mineral-sourcing contracts and is setting up at least three battery plants as joint ventures with its longtime cell partner LG Energy Solutions." Ford and Tesla are making out pretty well today as well, with the government confirming that most of their vehicles will qualify for at least some taxpayer subsidies.
Motley FoolWhy Nikola Stock Was Thrown Violently Into Reverse Today
Retirements and replacements in a company's board of directors are fairly standard, and typically not excessive causes for concern. Not one, not two, but three Nikola directors are bowing out, the company revealed late Thursday. The trio will formally step down from the board at the electric vehicle (EV) and hydrogen-powered engine company's annual general meeting (AGM), as they have decided not to stand for re-election.
Motley FoolWhy Nikola Stock Got Crushed This Week
Nikola (NASDAQ: NKLA) has been making progress with growing sales of battery-electric heavy trucks and the coming launch of its hydrogen-fueled versions. Shares have steadily declined since the company announced it was raising $100 million by issuing common stock at a significant discount to the then-market price two weeks ago. PepsiCo is the first customer to receive the heavy electric trucks from Tesla.
Motley FoolWhy Former Market Darling Nikola Stock Has Been Nearly Cut in Half Since the Beginning of March
Shares of electric vehicle (EV) start-up Nikola Corporation (NASDAQ: NKLA) dropped 45.5% in value in March, according to data provided by S&P Global Market Intelligence. Early in March, Nikola stock was dragged down by market conditions. It was in early March that SVB Financial experienced its historic collapse.
ZacksThe Zacks Analyst Blog Highlights Tesla, Nikola, NIO, XPeng and Li Auto
Tesla, Nikola, NIO, XPeng and Li Auto are included in this Analyst Blog.
