Nikola (NKLA) to Release Earnings on Thursday

Nikola (NASDAQ:NKLA) is scheduled to announce its earnings results before the market opens on Thursday, October 31st. Persons interested in participating in the company’s earnings conference call can do so using this link.

Nikola (NASDAQ:NKLA) last announced its earnings results on Friday, August 9th. The company reported ($2.67) earnings per share for the quarter, topping the consensus estimate of ($2.78) by $0.11. The business had revenue of $31.10 million for the quarter, compared to analysts’ expectations of $26.19 million. The firm’s quarterly revenue was up 101.9% compared to the same quarter last year. During the same quarter last year, the firm earned ($7.21) earnings per share.

Nikola Price Performance

Shares of NASDAQ NKLA opened at $5.31 on Tuesday. Nikola has a fifty-two week low of $3.72 and a fifty-two week high of $38.40. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.31 and a current ratio of 1.53. The company has a market cap of $268.69 million, a PE ratio of -0.21 and a beta of 2.06. The business has a 50-day simple moving average of $5.24 and a two-hundred day simple moving average of $10.39.

Wall Street Analysts Forecast Growth

Separately, DA Davidson dropped their target price on shares of Nikola from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th.

Insider Buying and Selling at Nikola

In related news, CEO Stephen J. Girsky sold 4,636 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $7.75, for a total value of $35,929.00. Following the transaction, the chief executive officer now owns 238,311 shares in the company, valued at approximately $1,846,910.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.74% of the company’s stock.

Nikola Company Profile

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.