Based on the analysis of Nikola Corp's profitability, liquidity, and operating efficiency, Nikola Corp is not in a good financial situation at this time. It has a very high probability of going through financial hardship in January. At present, Nikola Corp's Other Current Liabilities is projected to increase significantly based on the last few years of reporting. The current year's Accounts Payable is expected to grow to about 47.5 M, whereas Total Assets are forecasted to decline to about 920.5 M. Key indicators impacting Nikola Corp's financial strength include:
The essential information of the day-to-day investment outlook for Nikola Corp includes many different criteria found on its balance sheet. An individual investor should monitor Nikola Corp's cash flow, debt, and profitability to accurately make informed decisions on whether to invest in Nikola Corp.
Please note, the presentation of Nikola Corp's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Nikola Corp's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Nikola Corp's management manipulating its earnings.
Nikola Corp Stock Summary
Nikola Corp competes with Lion Electric, Xos, Hydrofarm Holdings, Caterpillar, and AGCO. Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corp operates under Farm Heavy Construction Machinery classification in the United States and is traded on NASDAQ Exchange. It employs 900 people.
Comparative valuation techniques use various fundamental indicators to help in determining Nikola Corp's current stock value. Our valuation model uses many indicators to compare Nikola Corp value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Nikola Corp competition to find correlations between indicators driving Nikola Corp's intrinsic value. More Info.
Nikola Corp is rated below average in return on equity category among its peers. It also is rated below average in return on asset category among its peers . At present, Nikola Corp's Return On Equity is projected to slightly decrease based on the last few years of reporting. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Nikola Corp's earnings, one of the primary drivers of an investment's value.
Nikola Corp Systematic Risk
Nikola Corp's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Nikola Corp volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Nikola Corp correlated with the market. If Beta is less than 0 Nikola Corp generally moves in the opposite direction as compared to the market. If Nikola Corp Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Nikola Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Nikola Corp is generally in the same direction as the market. If Beta > 1 Nikola Corp moves generally in the same direction as, but more than the movement of the benchmark.
Nikola Corp Thematic Clasifications
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Today, most investors in Nikola Corp Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Nikola Corp's growth ratios. Consistent increases or decreases in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's growth growth rates may not be enough to decide which company is a better investment. That's why investors frequently use static breakdown of Nikola Corp growth as a starting point in their analysis.
Price Earnings To Growth Ratio
0.0251
At present, Nikola Corp's Price Earnings To Growth Ratio is projected to slightly decrease based on the last few years of reporting.
Nikola Corp December 18, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Nikola Corp help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Nikola Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Nikola Corp based on widely used predictive technical indicators. In general, we focus on analyzing Nikola Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Nikola Corp's daily price indicators and compare them against related drivers.
When running Nikola Corp's price analysis, check to measure Nikola Corp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nikola Corp is operating at the current time. Most of Nikola Corp's value examination focuses on studying past and present price action to predict the probability of Nikola Corp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nikola Corp's price. Additionally, you may evaluate how the addition of Nikola Corp to your portfolios can decrease your overall portfolio volatility.