Nikola's Stock Hits All-Time Low: What's Going On?
Portfolio Pulse from Erica Kollmann
Nikola Corporation (NASDAQ:NKLA) shares have hit an all-time low, trading at 49 cents. The stock has dropped over 20% in the past month following worse-than-expected Q1 financial results. Analysts have an average 12-month price target of $1.00 for NKLA.
May 29, 2024 | 3:20 pm
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Nikola Corporation's stock has hit an all-time low of 49 cents, down over 20% in the past month due to disappointing Q1 financial results. Analysts have an average 12-month price target of $1.00.
The stock has significantly dropped due to worse-than-expected Q1 results, and the current trading price is at an all-time low. Despite a 12-month price target of $1.00, the immediate outlook remains negative.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100