|Bid||1.2100 x 40000|
|Ask||1.2100 x 45900|
|Day's Range||1.1500 - 1.2700|
|52 Week Range||1.1500 - 10.8800|
|Beta (5Y Monthly)||1.51|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2023 - May 08, 2023|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.50|
Yahoo Finance’s Ines Ferre joins the Live show to break down the best performers of the Nasdaq 100.
Yahoo Finance Live anchors Rachelle Akuffo discuss the decline in stock for Nikola.
Nikola said late Thursday it will sell about 29.9 million shares in public offering and 59.4 million shares to hedge fund Antara Capital L.P., an existing holder of the company's convertible bonds. Wall Street was concerned after Nikola's offering price of $1.12 represented a 20% discount over its last close of $1.40 on Thursday. "Despite the $100 million cash injection, management still has a lot of work to do to balance cash burn against its existing cash," said BTIG analyst Gregory Lewis, and downgraded the stock to "neutral" from "buy".