Nikola (NKLA) Projected to Post Earnings on Thursday

Nikola (NASDAQ:NKLA) is projected to issue 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 Trading Down 10.3 %

NASDAQ NKLA opened at $0.54 on Tuesday. The firm has a market capitalization of $32.96 million, a price-to-earnings ratio of -0.04 and a beta of 1.97. The company’s 50 day moving average price is $1.07 and its 200 day moving average price is $3.42. Nikola has a one year low of $0.43 and a one year high of $34.50. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.94 and a current ratio of 1.17.

Wall Street Analyst Weigh In

A number of research firms have commented on NKLA. DA Davidson decreased their price objective on shares of Nikola from $12.00 to $4.00 and set a “neutral” rating for the company in a report on Monday, November 11th. TD Cowen dropped their price target on shares of Nikola from $10.00 to $4.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Robert W. Baird cut their price objective on Nikola from $14.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Bryan, Garnier & Co cut Nikola from a “buy” rating to a “neutral” rating in a research note on Thursday, November 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $12.00.

About Nikola

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.