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Nikola Corporation
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Let's analyse Nikola Corporation together

PenkeI guess you are interested in Nikola Corporation. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Nikola Corporation. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Nikola Corporation (30 sec.)










What can you expect buying and holding a share of Nikola Corporation? (30 sec.)

How much money do you get?

How much money do you get?
‚ā¨0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
‚ā¨0.40
Expected worth in 1 year
‚ā¨0.43
How sure are you?
33.3%

+ What do you gain per year?

Total Gains per Share
‚ā¨0.03
Return On Investment
6.1%

For what price can you sell your share?

Current Price per Share
‚ā¨0.46
Expected price per share
‚ā¨0 - ‚ā¨0.5486
How sure are you?
50%

1. Valuation of Nikola Corporation (5 min.)




Live pricePrice per Share (EOD)

‚ā¨0.46

Intrinsic Value Per Share

‚ā¨-4.83 - ‚ā¨-5.62

Total Value Per Share

‚ā¨-4.42 - ‚ā¨-5.22

2. Growth of Nikola Corporation (5 min.)




Is Nikola Corporation growing?

Current yearPrevious yearGrowGrow %
How rich?$586.2m$558.9m$49m8.1%

How much money is Nikola Corporation making?

Current yearPrevious yearGrowGrow %
Making money-$236.2m-$200m-$36.1m-15.3%
Net Profit Margin4,965.5%-1,708.3%--

How much money comes from the company's main activities?

3. Financial Health of Nikola Corporation (5 min.)




4. Comparing to competitors in the Farm & Heavy Construction Machinery industry (5 min.)




  Industry Rankings (Farm & Heavy Construction Machinery)  

What can you expect buying and holding a share of Nikola Corporation? (5 min.)

Welcome investor! Nikola Corporation's management wants to use your money to grow the business. In return you get a share of Nikola Corporation.

What can you expect buying and holding a share of Nikola Corporation?

First you should know what it really means to hold a share of Nikola Corporation. And how you can make/lose money.

Speculation

The Price per Share of Nikola Corporation is ‚ā¨0.4564. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Nikola Corporation.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Nikola Corporation, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ‚ā¨0.40. Based on the TTM, the Book Value Change Per Share is ‚ā¨0.01 per quarter. Based on the YOY, the Book Value Change Per Share is ‚ā¨-0.01 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚ā¨0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Nikola Corporation.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share‚ā¨% of Price per Share
Usd Eps-0.11-23.9%-0.17-38.2%-0.16-34.3%-0.12-27.4%-0.12-27.4%
Usd Book Value Change Per Share-0.10-21.5%0.011.6%-0.01-3.1%0.025.3%0.025.3%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-0.10-21.5%0.011.6%-0.01-3.1%0.025.3%0.025.3%
Usd Price Per Share1.01-1.22-3.07-9.67-9.67-
Price to Earnings Ratio-2.33--1.92--5.14--26.05--26.05-
Price-to-Total Gains Ratio-10.35--13.58--109.49--144.95--144.95-
Price to Book Ratio2.35-2.80-7.35-16.03-16.03-
Price-to-Total Gains Ratio-10.35--13.58--109.49--144.95--144.95-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.48875876
Number of shares2045
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.010.02
Usd Total Gains Per Share0.010.02
Gains per Quarter (2045 shares)15.2349.10
Gains per Year (2045 shares)60.91196.40
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1061510196186
201221120393382
301831730589578
402442340786774
503052950982970
60365356011781166
70426417013751362
80487478015711558
90548539017681754
100609600019641950

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%0.012.00.00.0%0.018.00.00.0%0.018.00.00.0%0.018.00.00.0%
Book Value Change Per Share2.02.00.050.0%3.09.00.025.0%6.012.00.033.3%6.012.00.033.3%6.012.00.033.3%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.018.00.0%0.00.018.00.0%0.00.018.00.0%
Total Gains per Share2.02.00.050.0%3.09.00.025.0%6.012.00.033.3%6.012.00.033.3%6.012.00.033.3%

Fundamentals of Nikola Corporation

About Nikola Corporation

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. In addition, it develops a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. Further, its products include Nikola Tre Class 8 truck and the Nikola's Class 8 FCEV. Additionally, the company assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation founded in 2015 and is headquartered in Phoenix, Arizona.

Fundamental data was last updated by Penke on 2024-06-12 23:53:04.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very efficient.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Nikola Corporation.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Nikola Corporation earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • A Net Profit Margin of -1,970.4%¬†means that¬†€-19.70 for each €1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Nikola Corporation:

  • The MRQ is -1,970.4%. The company is making a huge loss. -2
  • The TTM is 4,965.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ-1,970.4%TTM4,965.5%-6,935.9%
TTM4,965.5%YOY-1,708.3%+6,673.8%
TTM4,965.5%5Y-19,253.3%+24,218.8%
5Y-19,253.3%10Y-19,253.3%0.0%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-1,970.4%5.4%-1,975.8%
TTM4,965.5%5.6%+4,959.9%
YOY-1,708.3%5.4%-1,713.7%
5Y-19,253.3%3.9%-19,257.2%
10Y-19,253.3%3.3%-19,256.6%
1.1.2. Return on Assets

Shows how efficient Nikola Corporation is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • -12.8% Return on Assets means that¬†Nikola Corporation generated¬†€-0.13 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Nikola Corporation:

  • The MRQ is -12.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -20.3%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-12.8%TTM-20.3%+7.5%
TTM-20.3%YOY-16.9%-3.3%
TTM-20.3%5Y-16.4%-3.9%
5Y-16.4%10Y-16.4%0.0%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-12.8%1.1%-13.9%
TTM-20.3%1.2%-21.5%
YOY-16.9%1.2%-18.1%
5Y-16.4%1.0%-17.4%
10Y-16.4%0.8%-17.2%
1.1.3. Return on Equity

Shows how efficient Nikola Corporation is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • -25.2% Return on Equity means Nikola Corporation generated €-0.25¬†for each¬†€1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Nikola Corporation:

  • The MRQ is -25.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -39.7%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-25.2%TTM-39.7%+14.5%
TTM-39.7%YOY-36.0%-3.7%
TTM-39.7%5Y-25.9%-13.7%
5Y-25.9%10Y-25.9%0.0%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-25.2%2.9%-28.1%
TTM-39.7%2.7%-42.4%
YOY-36.0%3.1%-39.1%
5Y-25.9%2.5%-28.4%
10Y-25.9%2.0%-27.9%

1.2. Operating Efficiency of Nikola Corporation.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Nikola Corporation is operating .

  • Measures how much profit Nikola Corporation makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • An Operating Margin of 0.0%¬†means the company generated €0.00 ¬†for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Nikola Corporation:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM3,008.6%-3,008.6%
TTM3,008.6%YOY-1,218.8%+4,227.4%
TTM3,008.6%5Y-19,384.1%+22,392.7%
5Y-19,384.1%10Y-19,384.1%0.0%
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.5%-9.5%
TTM3,008.6%3.4%+3,005.2%
YOY-1,218.8%6.0%-1,224.8%
5Y-19,384.1%5.0%-19,389.1%
10Y-19,384.1%4.7%-19,388.8%
1.2.2. Operating Ratio

Measures how efficient Nikola Corporation is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Farm & Heavy Construction Machinery industry mean).
  • An Operation Ratio of 29.07 means that the operating costs are €29.07 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Nikola Corporation:

  • The MRQ is 29.069. The company is inefficient in keeping operating costs low. -1
  • The TTM is -35.199.
Trends
Current periodCompared to+/- 
MRQ29.069TTM-35.199+64.268
TTM-35.199YOY20.782-55.981
TTM-35.1995Y197.693-232.893
5Y197.69310Y197.6930.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ29.0691.557+27.512
TTM-35.1991.507-36.706
YOY20.7821.441+19.341
5Y197.6931.476+196.217
10Y197.6931.224+196.469

1.3. Liquidity of Nikola Corporation.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Nikola Corporation is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Farm & Heavy Construction Machinery industry mean).
  • A Current Ratio of 1.73¬†means the company has €1.73 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Nikola Corporation:

  • The MRQ is 1.730. The company is able to pay all its short-term debts. +1
  • The TTM is 1.820. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.730TTM1.820-0.091
TTM1.820YOY1.560+0.260
TTM1.8205Y6.331-4.510
5Y6.33110Y6.3310.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7301.574+0.156
TTM1.8201.541+0.279
YOY1.5601.535+0.025
5Y6.3311.619+4.712
10Y6.3311.423+4.908
1.3.2. Quick Ratio

Measures if Nikola Corporation is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • A Quick Ratio of 0.09¬†means the company can pay off €0.09 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Nikola Corporation:

  • The MRQ is 0.088. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.077. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.088TTM0.077+0.011
TTM0.077YOY0.155-0.078
TTM0.0775Y0.059+0.018
5Y0.05910Y0.0590.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.0880.681-0.593
TTM0.0770.679-0.602
YOY0.1550.798-0.643
5Y0.0590.775-0.716
10Y0.0590.796-0.737

1.4. Solvency of Nikola Corporation.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Nikola Corporation assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Nikola Corporation to Farm & Heavy Construction Machinery industry mean.
  • A Debt to Asset Ratio of 0.49¬†means that Nikola Corporation assets are¬†financed with 49.1% credit (debt) and the remaining percentage (100% - 49.1%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Nikola Corporation:

  • The MRQ is 0.491. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.485. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.491TTM0.485+0.006
TTM0.485YOY0.526-0.040
TTM0.4855Y0.410+0.075
5Y0.41010Y0.4100.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4910.553-0.062
TTM0.4850.556-0.071
YOY0.5260.546-0.020
5Y0.4100.555-0.145
10Y0.4100.558-0.148
1.4.2. Debt to Equity Ratio

Measures if Nikola Corporation is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • A Debt to Equity ratio of 96.5% means that company has €0.97 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Nikola Corporation:

  • The MRQ is 0.965. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.954. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.965TTM0.954+0.011
TTM0.954YOY1.118-0.164
TTM0.9545Y0.565+0.390
5Y0.56510Y0.5650.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9651.275-0.310
TTM0.9541.268-0.314
YOY1.1181.242-0.124
5Y0.5651.328-0.763
10Y0.5651.360-0.795

2. Market Valuation of Nikola Corporation

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every €1 in earnings Nikola Corporation generates.

  • Above 15 is considered overpriced but¬†always compare¬†Nikola Corporation to the¬†Farm & Heavy Construction Machinery industry mean.
  • A PE ratio of -2.33 means the investor is paying €-2.33¬†for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Nikola Corporation:

  • The EOD is -1.122. Based on the earnings, the company is expensive. -2
  • The MRQ is -2.327. Based on the earnings, the company is expensive. -2
  • The TTM is -1.917. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.122MRQ-2.327+1.205
MRQ-2.327TTM-1.917-0.410
TTM-1.917YOY-5.143+3.227
TTM-1.9175Y-26.052+24.136
5Y-26.05210Y-26.0520.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-1.12210.224-11.346
MRQ-2.32710.472-12.799
TTM-1.9179.566-11.483
YOY-5.1439.218-14.361
5Y-26.05212.155-38.207
10Y-26.05215.328-41.380
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Nikola Corporation:

  • The EOD is -1.255. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -2.603. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -3.256. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.255MRQ-2.603+1.348
MRQ-2.603TTM-3.256+0.653
TTM-3.256YOY-5.319+2.063
TTM-3.2565Y-64.881+61.625
5Y-64.88110Y-64.8810.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD-1.255-0.144-1.111
MRQ-2.603-0.141-2.462
TTM-3.2562.060-5.316
YOY-5.3190.450-5.769
5Y-64.8811.357-66.238
10Y-64.8810.264-65.145
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Nikola Corporation is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Farm & Heavy Construction Machinery industry mean).
  • A PB ratio of 2.35 means the investor is paying €2.35¬†for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Nikola Corporation:

  • The EOD is 1.131. Based on the equity, the company is underpriced. +1
  • The MRQ is 2.345. Based on the equity, the company is underpriced. +1
  • The TTM is 2.796. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.131MRQ2.345-1.214
MRQ2.345TTM2.796-0.451
TTM2.796YOY7.347-4.551
TTM2.7965Y16.035-13.239
5Y16.03510Y16.0350.000
Compared to industry (Farm & Heavy Construction Machinery)
PeriodCompanyIndustry (mean)+/- 
EOD1.1311.246-0.115
MRQ2.3451.615+0.730
TTM2.7961.709+1.087
YOY7.3471.475+5.872
5Y16.0351.823+14.212
10Y16.0352.145+13.890
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Nikola Corporation compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.0910.007-1416%-0.013-86%0.022-508%0.022-508%
Book Value Per Share--0.4040.418-4%0.385+5%0.435-7%0.435-7%
Current Ratio--1.7301.820-5%1.560+11%6.331-73%6.331-73%
Debt To Asset Ratio--0.4910.485+1%0.526-7%0.410+20%0.410+20%
Debt To Equity Ratio--0.9650.954+1%1.118-14%0.565+71%0.565+71%
Dividend Per Share----0%-0%-0%-0%
Eps---0.102-0.163+60%-0.146+44%-0.117+15%-0.117+15%
Free Cash Flow Per Share---0.091-0.089-2%-0.141+55%-0.087-4%-0.087-4%
Free Cash Flow To Equity Per Share---0.0940.018-618%-0.007-93%0.016-679%0.016-679%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---5.623--------
Intrinsic Value_10Y_min---4.826--------
Intrinsic Value_1Y_max---0.455--------
Intrinsic Value_1Y_min---0.447--------
Intrinsic Value_3Y_max---1.449--------
Intrinsic Value_3Y_min---1.382--------
Intrinsic Value_5Y_max---2.544--------
Intrinsic Value_5Y_min---2.354--------
Market Cap619129427.302-107%1283974590.1441542397368.192-17%3894282044.682-67%12255216035.935-90%12255216035.935-90%
Net Profit Margin---19.70449.655-140%-17.083-13%-192.533+877%-192.533+877%
Operating Margin---30.086-100%-12.1880%-193.8410%-193.8410%
Operating Ratio--29.069-35.199+221%20.782+40%197.693-85%197.693-85%
Pb Ratio1.131-107%2.3452.796-16%7.347-68%16.035-85%16.035-85%
Pe Ratio-1.122+52%-2.327-1.917-18%-5.143+121%-26.052+1020%-26.052+1020%
Price Per Share0.456-107%0.9471.137-17%2.871-67%9.034-90%9.034-90%
Price To Free Cash Flow Ratio-1.255+52%-2.603-3.256+25%-5.319+104%-64.881+2393%-64.881+2393%
Price To Total Gains Ratio-4.989+52%-10.346-13.582+31%-109.491+958%-144.952+1301%-144.952+1301%
Quick Ratio--0.0880.077+14%0.155-43%0.059+50%0.059+50%
Return On Assets---0.128-0.203+58%-0.169+32%-0.164+28%-0.164+28%
Return On Equity---0.252-0.397+58%-0.360+43%-0.259+3%-0.259+3%
Total Gains Per Share---0.0910.007-1416%-0.013-86%0.022-508%0.022-508%
Usd Book Value--586278763.886607937152.931-4%558911088.186+5%632514505.161-7%632514505.161-7%
Usd Book Value Change Per Share---0.0980.007-1416%-0.014-86%0.024-508%0.024-508%
Usd Book Value Per Share--0.4320.448-4%0.412+5%0.466-7%0.466-7%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.109-0.174+60%-0.156+44%-0.125+15%-0.125+15%
Usd Free Cash Flow---132061847.832-129127078.991-2%-204564563.296+55%-119757268.837-9%-119757268.837-9%
Usd Free Cash Flow Per Share---0.097-0.095-2%-0.151+55%-0.093-4%-0.093-4%
Usd Free Cash Flow To Equity Per Share---0.1010.020-618%-0.007-93%0.017-679%0.017-679%
Usd Market Cap663025703.698-107%1375008388.5851651753341.597-17%4170386641.650-67%13124110852.882-90%13124110852.882-90%
Usd Price Per Share0.489-107%1.0141.218-17%3.074-67%9.675-90%9.675-90%
Usd Profit---147722948.375-236229016.581+60%-200099034.628+35%-166627347.518+13%-166627347.518+13%
Usd Revenue--7497048.1318164802.418-8%15013846.388-50%5263589.348+42%5263589.348+42%
Usd Total Gains Per Share---0.0980.007-1416%-0.014-86%0.024-508%0.024-508%
 EOD+3 -5MRQTTM+10 -23YOY+17 -155Y+12 -2010Y+12 -20

3.2. Fundamental Score

Let's check the fundamental score of Nikola Corporation based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.122
Price to Book Ratio (EOD)Between0-11.131
Net Profit Margin (MRQ)Greater than0-19.704
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.088
Current Ratio (MRQ)Greater than11.730
Debt to Asset Ratio (MRQ)Less than10.491
Debt to Equity Ratio (MRQ)Less than10.965
Return on Equity (MRQ)Greater than0.15-0.252
Return on Assets (MRQ)Greater than0.05-0.128
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Nikola Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.328
Ma 20Greater thanMa 500.482
Ma 50Greater thanMa 1000.570
Ma 100Greater thanMa 2000.622
OpenGreater thanClose0.456
Total0/5 (0.0%)



Latest Balance Sheet

Balance Sheet of 2024-03-31. Currency in USD. All numbers in thousands.

Summary
Total Assets1,152,153
Total Liabilities565,878
Total Stockholder Equity586,275
 As reported
Total Liabilities 565,878
Total Stockholder Equity+ 586,275
Total Assets = 1,152,153

Assets

Total Assets1,152,153
Total Current Assets469,309
Long-term Assets682,844
Total Current Assets
Cash And Cash Equivalents 345,637
Net Receivables 23,865
Inventory 61,342
Other Current Assets 1,653
Total Current Assets  (as reported)469,309
Total Current Assets  (calculated)432,497
+/- 36,812
Long-term Assets
Property Plant Equipment 484,471
Goodwill 5,238
Long Term Investments 56,905
Intangible Assets 84,010
Long-term Assets Other 43,193
Long-term Assets  (as reported)682,844
Long-term Assets  (calculated)673,817
+/- 9,027

Liabilities & Shareholders' Equity

Total Current Liabilities271,293
Long-term Liabilities294,585
Total Stockholder Equity586,275
Total Current Liabilities
Short Long Term Debt 908
Accounts payable 44,909
Other Current Liabilities 95,090
Total Current Liabilities  (as reported)271,293
Total Current Liabilities  (calculated)140,907
+/- 130,386
Long-term Liabilities
Long term Debt 242,429
Capital Lease Obligations Min Short Term Debt38,925
Long-term Liabilities Other 20,974
Long-term Liabilities  (as reported)294,585
Long-term Liabilities  (calculated)302,328
+/- 7,743
Total Stockholder Equity
Total Stockholder Equity (as reported)586,275
Total Stockholder Equity (calculated)0
+/- 586,275
Other
Capital Stock134
Common Stock Shares Outstanding 1,342,843
Net Invested Capital 829,612
Net Working Capital 198,016
Property Plant and Equipment Gross 536,849



Balance Sheet

Currency in USD. All numbers in thousands.

 Trend2024-03-312023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-03-31
> Total Assets 
0
229,430
237,970
925,040
1,136,228
1,053,713
1,003,318
965,199
1,000,522
989,819
910,361
1,166,975
1,159,425
1,236,658
1,158,360
1,137,501
1,148,286
1,274,857
1,152,153
1,152,1531,274,8571,148,2861,137,5011,158,3601,236,6581,159,4251,166,975910,361989,8191,000,522965,1991,003,3181,053,7131,136,228925,040237,970229,4300
   > Total Current Assets 
0
90,881
101,205
772,378
985,889
896,917
804,395
663,285
610,000
524,729
419,034
545,398
486,920
436,926
330,780
406,916
470,717
572,412
469,309
469,309572,412470,717406,916330,780436,926486,920545,398419,034524,729610,000663,285804,395896,917985,889772,378101,20590,8810
       Cash And Cash Equivalents 
0
85,688
75,515
698,386
907,530
840,913
763,750
632,694
586,986
497,241
360,118
441,765
315,731
233,405
121,140
226,673
362,850
464,715
345,637
345,637464,715362,850226,673121,140233,405315,731441,765360,118497,241586,986632,694763,750840,913907,530698,38675,51585,6880
       Net Receivables 
0
658
447
424
249
0
0
0
0
2,717
7,052
28,541
59,477
49,451
45,530
19,998
19,134
17,974
23,865
23,86517,97419,13419,99845,53049,45159,47728,5417,0522,71700002494244476580
       Other Current Assets 
0
0
23,384
68,896
74,310
51,136
33,375
18,548
6,041
2,443
2,157
1,261
14,689
12,701
11,261
600
3,563
0
1,653
1,65303,56360011,26112,70114,6891,2612,1572,4436,04118,54833,37551,13674,31068,89623,38400
   > Long-term Assets 
0
138,549
136,765
152,662
150,339
156,796
198,923
301,914
390,522
465,090
491,327
621,577
672,505
799,732
827,580
730,585
677,569
702,445
682,844
682,844702,445677,569730,585827,580799,732672,505621,577491,327465,090390,522301,914198,923156,796150,339152,662136,765138,5490
       Property Plant Equipment 
0
0
54,436
59,856
61,313
71,401
123,422
166,367
200,655
247,058
264,121
311,732
365,049
437,006
475,396
483,043
469,851
503,416
484,471
484,471503,416469,851483,043475,396437,006365,049311,732264,121247,058200,655166,367123,42271,40161,31359,85654,43600
       Goodwill 
0
5,238
5,238
5,238
5,238
5,238
5,238
5,238
5,238
5,238
5,238
5,238
5,238
6,688
6,688
5,238
5,238
5,238
5,238
5,2385,2385,2385,2386,6886,6885,2385,2385,2385,2385,2385,2385,2385,2385,2385,2385,2385,2380
       Long Term Investments 
0
0
0
0
0
8,420
7,312
63,639
62,370
61,778
62,634
79,726
76,505
72,816
68,677
58,289
58,193
57,062
56,905
56,90557,06258,19358,28968,67772,81676,50579,72662,63461,77862,37063,6397,3128,42000000
       Intangible Assets 
0
62,513
62,497
62,481
62,466
50,050
50,000
50,000
97,181
97,181
97,181
95,395
93,609
93,094
91,921
89,564
87,712
85,860
84,010
84,01085,86087,71289,56491,92193,09493,60995,39597,18197,18197,18150,00050,00050,05062,46662,48162,49762,5130
       Other Assets 
0
0
14,594
25,087
21,322
21,687
12,951
16,670
25,078
53,835
62,153
129,486
132,104
159,465
0
94,451
56,575
0
0
0056,57594,4510159,465132,104129,48662,15353,83525,07816,67012,95121,68721,32225,08714,59400
> Total Liabilities 
0
33,922
458,297
43,445
56,522
66,237
91,035
107,185
292,696
296,247
288,189
567,724
595,396
710,179
612,489
614,785
544,718
555,683
565,878
565,878555,683544,718614,785612,489710,179595,396567,724288,189296,247292,696107,18591,03566,23756,52243,445458,29733,9220
   > Total Current Liabilities 
0
16,538
30,536
30,609
43,869
52,273
70,971
84,789
253,098
180,609
183,642
253,607
277,575
383,590
276,536
233,141
293,141
260,105
271,293
271,293260,105293,141233,141276,536383,590277,575253,607183,642180,609253,09884,78970,97152,27343,86930,60930,53616,5380
       Short Long Term Debt 
0
0
4,100
4,100
4,100
4,100
0
0
0
140
146
9,168
14,002
63,114
21,760
13,417
39,177
8,863
908
9088,86339,17713,41721,76063,11414,0029,1681461400004,1004,1004,1004,10000
       Accounts payable 
0
5,113
8,068
7,575
10,277
29,364
40,827
58,064
57,251
95,235
89,004
109,056
111,528
147,031
94,068
45,767
61,505
44,133
44,909
44,90944,13361,50545,76794,068147,031111,528109,05689,00495,23557,25158,06440,82729,36410,2777,5758,0685,1130
       Other Current Liabilities 
0
0
12,085
5,277
7,198
2,818
4,925
5,818
148,280
68,350
78,880
104,120
107,118
136,716
125,700
116,340
164,387
100,201
95,090
95,090100,201164,387116,340125,700136,716107,118104,12078,88068,350148,2805,8184,9252,8187,1985,27712,08500
   > Long-term Liabilities 
0
17,384
427,761
12,836
12,653
13,964
20,064
22,396
39,598
115,638
104,547
314,117
317,821
326,589
335,953
381,644
251,577
295,578
294,585
294,585295,578251,577381,644335,953326,589317,821314,117104,547115,63839,59822,39620,06413,96412,65312,836427,76117,3840
       Other Liabilities 
0
0
13,097
12,836
12,653
7,343
6,393
22,142
39,170
88,328
76,960
38,459
29,153
6,739
0
28,180
14,183
0
0
0014,18328,18006,73929,15338,45976,96088,32839,17022,1426,3937,34312,65312,83613,09700
       Deferred Long Term Liability 
0
0
0
14,759
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000014,759000
> Total Stockholder Equity
0
195,508
-220,327
881,595
1,079,706
987,476
912,283
858,014
707,826
693,572
622,172
599,251
564,029
526,479
545,871
522,716
603,568
719,174
586,275
586,275719,174603,568522,716545,871526,479564,029599,251622,172693,572707,826858,014912,283987,4761,079,706881,595-220,327195,5080
   Common Stock
0
0
1
36
39
39
39
40
40
41
42
43
46
51
0
77
99
0
0
00997705146434241404039393936100
   Retained Earnings Total Equity0000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000
   Capital Surplus 0000000000000000000
   Treasury Stock0000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
239
-74
4
-119
-198
131
-1,187
-2,424
-1,577
0
-93
52
0
0
0052-930-1,577-2,424-1,187131-198-1194-7423900000



Balance Sheet

Currency in USD. All numbers in thousands.




Cash Flow

Currency in USD. All numbers in thousands.




Income Statement

Currency in USD. All numbers in thousands.


Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue35,839
Cost of Revenue-249,906
Gross Profit-214,067-214,067
 
Operating Income (+$)
Gross Profit-214,067
Operating Expense-685,668
Operating Income-649,829-899,735
 
Operating Expense (+$)
Research Development208,160
Selling General Administrative198,768
Selling And Marketing Expenses-
Operating Expense685,668406,928
 
Net Interest Income (+$)
Interest Income-
Interest Expense-76,023
Other Finance Cost-0
Net Interest Income-76,023
 
Pretax Income (+$)
Operating Income-649,829
Net Interest Income-76,023
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-848,191-527,490
EBIT - interestExpense = -76,023
-966,282
-890,259
Interest Expense76,023
Earnings Before Interest and Taxes (EBIT)--772,168
Earnings Before Interest and Taxes (EBITDA)-
 
After tax Income (+$)
Income Before Tax-848,191
Tax Provision-12
Net Income From Continuing Ops-864,621-848,203
Net Income-966,282
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-122,33976,023
 

Technical Analysis of Nikola Corporation
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Nikola Corporation. The general trend of Nikola Corporation is BEARISH with 100.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Nikola Corporation's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (-100.0%) Bearish trend (100.0%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Nikola Corporation.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 0.53 < 0.54 < 0.5486.

The bearish price targets are: .

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Nikola Corporation Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging¬†trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Nikola Corporation. The current mas is .

The long score for the Moving Averages is 0/14.
The longshort score for the Moving Averages is -14/(-14 +14).

  • MA 20 trending down: The MA 20 is trending down. -1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
  • MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
  • MA 20 < MA 200: The MA 20 is lower than the MA 200. -1
  • MA 50 trending down: The MA 50 is trending down. -1
  • Close < MA 50: The price is below the MA 50. -1
  • MA 50 < MA 100: The MA 50 is lower than the MA 100. -1
  • MA 50 < MA 200: The MA 50 is lower than the MA 200. -1
  • MA 100 trending down: The MA 100 is trending down. -1
  • Close < MA 100: The price is below the MA 100. -1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending down: The MA 200 is trending down. -1
  • Close < MA 200: The price is below the MA 200. -1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Nikola Corporation Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a¬†lagging momentum¬†indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Nikola Corporation. The current macd is -0.02583302.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

  • MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Nikola Corporation price going up in the near term. +2
  • MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Nikola Corporation. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Nikola Corporation price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
  • Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1
Nikola Corporation Daily Moving Average Convergence/Divergence (MACD) ChartNikola Corporation Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Nikola Corporation. The current adx is 30.47.

The long score for the Directional Movement Index (DMI) is 0/7.
The longshort score for the Directional Movement Index (DMI) is -4/(-7 +7).

  • PLUS_ID < MINUS_DI: The +DI line is below the -DI line. This indicates a bearish signal in the market, as the negative directional movement is currently stronger than the positive directional movement, showing that sellers have the upper hand. Market psychology suggests that traders are pessimistic, expecting further price decreases, and are more willing to sell Nikola Corporation shares, leading to potential downward momentum in its price. -1
  • PLUS_ID < MINUS_DI && ADX > 25 && ADX trending up: The ADX is above 25 and indicates a strong bearish trend. The ADX is trending up, so the bearish trend is strengthening.
Nikola Corporation Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows¬†the current trend.
  • Shows¬†potential entry signals.
  • Shows¬†¬†potential exit signals.
  • Can be used to place¬†trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Nikola Corporation. The current sar is 0.47969248.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Nikola Corporation Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum¬†indicator, meaning the signals are instant.
  • Ranges¬†between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Nikola Corporation. The current rsi is 37.33. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
  • Trending down: The RSI is trending down. -1
Nikola Corporation Daily Relative Strength Index (RSI) ChartNikola Corporation Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading¬†momentum¬†indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges¬†between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Nikola Corporation. The current phase is Oversold in bear market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Nikola Corporation price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Nikola Corporation Daily Stochastic Oscillator ChartNikola Corporation Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero,¬†the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Nikola Corporation. The current cci is -113.66376732.

The long score for the Commodity Channel Index (CCI) is 0/1.
The longshort score for the Commodity Channel Index (CCI) is -1/(-1 +1).

  • CCI < -100: The CCI is below -100, it indicates that the price is significantly below its average, suggesting a potential oversold condition. -1
Nikola Corporation Daily Commodity Channel Index (CCI) ChartNikola Corporation Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Nikola Corporation. The current cmo is -29.69756595.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Nikola Corporation Daily Chande Momentum Oscillator (CMO) ChartNikola Corporation Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and¬†-100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Nikola Corporation. The current willr is -90.83333333.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Nikola Corporation Daily Williams %R ChartNikola Corporation Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold¬†

Score

Let's take a look at the Bollinger Bands of Nikola Corporation.

Nikola Corporation Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Nikola Corporation. The current atr is 0.02767918.

Nikola Corporation Daily Average True Range (ATR) ChartNikola Corporation Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Nikola Corporation. The current obv is -1,855,542.

Nikola Corporation Daily On-Balance Volume (OBV) ChartNikola Corporation Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Nikola Corporation. The current mfi is 29.66.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Nikola Corporation Daily Money Flow Index (MFI) ChartNikola Corporation Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Nikola Corporation.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-01-26 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-29 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-01-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-01-31 00:00:00WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-01 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-02 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-05 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-06 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-07 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-09 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-12 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-02-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-02-16 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-02-19 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-02-20 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-22 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-23 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-26 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-28 00:00:00DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
2024-02-29 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-01 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
2024-03-04 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-05 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-03-06 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-07 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-11 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-14 00:00:00BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-15 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-19 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-03-20 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-03-21 00:00:00CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-22 00:00:00CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-03-25 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-26 00:00:00CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28 00:00:00ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-02 00:00:00RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03 00:00:00ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-04-04 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-05 00:00:00MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-08 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-11 00:00:00DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-12 00:00:00MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-16 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-17 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-23 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-25 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-26 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-04-30 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-02 00:00:00MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-05-03 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-07 00:00:00SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-08 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-05-09 00:00:00SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-05-10 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
2024-05-15 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-20 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-22 00:00:00MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-05-23 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-27 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-28 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-29 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-30 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-06 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-06-10 00:00:00STOCH SHORT EXITThe %K line crosses above the %D line.
2024-06-13 00:00:00STOCH LONG EXITThe %K line crosses below the %D line.
2024-06-14 00:00:00CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Nikola Corporation Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Nikola Corporation based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5037.328
Ma 20Greater thanMa 500.482
Ma 50Greater thanMa 1000.570
Ma 100Greater thanMa 2000.622
OpenGreater thanClose0.456
Total0/5 (0.0%)
Penke

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