Nikola (NKLA) Expected to Announce Quarterly Earnings on Thursday

Nikola (NASDAQ:NKLA) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 20th. Analysts expect the company to announce earnings of ($2.30) per share and revenue of $40.86 million for the quarter.

Nikola Price Performance

Shares of NKLA opened at $0.77 on Wednesday. The firm has a market capitalization of $46.62 million, a price-to-earnings ratio of -0.05 and a beta of 1.97. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.94 and a current ratio of 1.17. Nikola has a one year low of $0.43 and a one year high of $34.50. The stock’s fifty day moving average is $1.06 and its 200-day moving average is $3.37.

Wall Street Analysts Forecast Growth

NKLA has been the topic of a number of research analyst reports. Bryan, Garnier & Co lowered Nikola from a “buy” rating to a “neutral” rating in a report on Thursday, November 7th. TD Cowen decreased their target price on Nikola from $10.00 to $4.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Robert W. Baird decreased their target price on Nikola from $14.00 to $10.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, DA Davidson decreased their target price on Nikola from $12.00 to $4.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Nikola has an average rating of “Hold” and an average target price of $12.00.

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.