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 | Aug 02, 2023 - Aug 07, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 3.29 |
- Reuters
RPT-UPDATE 1-Electric truck maker Nikola may do reverse stock split to comply with Nasdaq rules
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.
- Reuters
UPDATE 1-Electric truck maker Nikola may do reverse stock split to comply with Nasdaq rules
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.
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.
BloombergNikola Plunges as Nasdaq Says Sub-$1 Stock Price Risks Delisting
(Bloomberg) -- Nikola Corp. tumbled Thursday after Nasdaq Inc. notified the company that it isn’t in compliance with the minimum bid requirements to remain listed on the exchange.Most Read from BloombergCathie Wood’s ARKK Dumped Nvidia Stock Before $560 Billion SurgeEmerging US Debt Deal Would Raise Limit, Cap Spending for Two YearsApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17JPMorgan Tells 1,000 First Republic Employees They'll Lose Their JobsSingapore Dollar at Record High
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
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By Michael Elkins
Simply Wall St.Earnings Release: Here's Why Analysts Cut Their Nikola Corporation (NASDAQ:NKLA) Price Target To US$2.33
The analysts might have been a bit too bullish on Nikola Corporation ( NASDAQ:NKLA ), given that the company fell short...
- Simply Wall St.
Nikola First Quarter 2023 Earnings: Misses Expectations
Nikola ( NASDAQ:NKLA ) First Quarter 2023 Results Key Financial Results Revenue: US$11.1m (up 489% from 1Q 2022). Net...
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.
- Reuters
Nikola to pause truck production after posting bigger quarterly loss
Nikola Corp on Tuesday reported a bigger quarterly loss and said it would pause production to streamline the assembly line at its Coolidge, Arizona factory amid sluggish demand for its battery-powered trucks. Investors have focused at 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. "At the end of May, we plan to pause truck production as we convert the line to accommodate both hydrogen fuel cell and battery electric trucks on the same line and will resume production in July with the first saleable hydrogen fuel cell trucks," Nikola said.
- Reuters
UPDATE 4-Iveco to fully own venture with Nikola on electric, hydrogen trucks
Iveco Group is set to loosen ties with U.S. start-up Nikola as it said on Tuesday it was purchasing the full ownership of their joint venture which develops battery electric and fuel cell heavy-duty trucks. The Italian truckmaker and Nikola had formed the joint venture in 2019 to help Iveco, then part of CNH Industrial and a latecomer to electrification, catch up with large European rivals such as Daimler Truck and Volvo .
- Reuters
Nikola, Voltera partner to set up 50 hydrogen fueling stations in N. America
The agreement underpins Nikola's previously announced plan to develop 60 stations by 2026. "Our partnership with Voltera will bring substantial capital and expertise to support Nikola's plans to build refueling infrastructure to support its customers," said Carey Mendes, President of Nikola Energy. Voltera will build, own and operate the stations, while Nikola will supply the hydrogen fuel and provide technical expertise, the EV company said.
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.