Streetbeat News

NKLA

Nikola Corporation

https://www.nikolamotor.com

Industry

Agricultural - Machinery

Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector. The Energy business unit develops and constructs a network of hydrogen fueling stations; and offers BEV charging solutions for its FCEV and BEV customers, as well as other third-party customers. The company also assembles, integrates, and commissions its vehicles in collaboration with its business partners and suppliers. Nikola Corporation is headquartered in Phoenix, Arizona.

Open

2.53

Mkt cap

142M

Volume

8.5M

High

2.57

P/E Ratio

-0.24

52-wk high

34.50

Low

2.32

Div yield

N/A

52-wk low

2.16

Nikola Corporation (NASDAQ:NKLA) shares are trading lower after a 1-for-30 reverse stock split and the filing of a prospectus for the offering of up to 23.89 million shares. The company faces challenges including a multi-billion dollar lawsuit from its founder and pending removal from the Russell 3000 Index.

Portfolio Pulse from Erica Kollmann

June 25, 2024 | 5:17 pm

Nikola shares are trading lower after the company implemented a 1-for-30 reverse stock split. The stock was halted on Monday and resumed trading on June 25.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 4:21 pm

Nikola's (NYSE:NKLA) short interest has risen by 8.4%, with 19.74% of its float sold short. This is significantly higher than its peers' average of 4.73%. It would take traders 3.66 days to cover their short positions.

Portfolio Pulse from Benzinga Insights

June 25, 2024 | 2:00 pm

Trading halt status for Nikola Corporation (NKLA) was updated at 8:55:00 AM ET. The halt was due to pending news and the resumption times will be announced.

Portfolio Pulse from Benzinga Newsdesk

June 25, 2024 | 12:55 pm

Trading for Nikola Corporation (NKLA) was halted at 7:50:00 p.m. ET due to pending news. Investors should stay tuned for further updates.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 11:50 pm

This week in the EV sector, Tesla analysts lowered their expectations ahead of Q2 deliveries, Fisker filed for bankruptcy, Nikola confirmed a 30-for-1 reverse stock split, and Canoo announced a secondary offering. Additionally, Canada is considering tariffs on Chinese EV imports.

Portfolio Pulse from Shanthi Rexaline

June 22, 2024 | 1:15 pm

Nikola Corporation (NASDAQ:NKLA) shares are gaining in the premarket session after a significant 31.5% dip the previous day. The company announced a 1-for-30 reverse stock split effective June 24, aiming to increase its stock price and prevent delisting. However, challenges persist, including a multi-billion dollar lawsuit from founder Trevor Milton and removal from the Russell 3000 Index. Nikola's Q1 results showed a decline in sales and production compared to the previous year.

Portfolio Pulse from Nabaparna Bhattacharya

June 21, 2024 | 12:19 pm

Major U.S. indices showed mixed results on Thursday. Nvidia, GameStop, AMD, Nikola, and Tesla were notable stocks on investors' radars. Nvidia fell by 3.54% despite being the world's most valuable listed company. GameStop rose by 3.60% following its annual shareholder meeting. AMD increased by 4.62% after confirming a cyberattack did not compromise critical data. Nikola plummeted by 31.46% due to a 1-for-30 reverse stock split. Tesla fell by 1.78% after RBC Capital Markets lowered its price target.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 2:06 am

Jabil Inc. (NYSE:JBL) shares fell 7.8% after reporting a 20.2% year-on-year decline in third-quarter revenue, despite beating analyst estimates. The company provided mixed guidance for the fourth quarter. Other stocks moving significantly include MGO Global, Inc. (NASDAQ:MGOL), Griid Infrastructure Inc. (NASDAQ:GRDI), and Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP), among others.

Portfolio Pulse from Avi Kapoor

June 20, 2024 | 5:26 pm

The article highlights the intraday movements of 12 industrial stocks on Thursday. Notable gainers include Nano Nuclear Energy (NNE), Surf Air Mobility (SRFM), and BEST, while significant losers include Li-Cycle Holdings (LICY), Nikola (NKLA), and 374Water (SCWO).

Portfolio Pulse from Benzinga Insights

June 20, 2024 | 4:32 pm

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