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Nikola Corp. Stock Research

NKLA

1.51USD+0.01(+0.67%)Market Closed

Market Summary

USD1.51+0.01
Market Closed
0.67%

NKLA Alerts

NKLA Stock Price

NKLA RSI Chart

NKLA Valuation

Market Cap

774.5M

Price/Earnings (Trailing)

-0.99

Price/Sales (Trailing)

15.24

EV/EBITDA

-1.13

Price/Free Cashflow

-0.99

NKLA Price/Sales (Trailing)

NKLA Profitability

Operating Margin

96.36%

EBT Margin

-1502.35%

Return on Equity

-148.96%

Return on Assets

-63.42%

Free Cashflow Yield

-100.86%

NKLA Fundamentals

NKLA Revenue

Revenue (TTM)

50.8M

Revenue Y/Y

595.23%

Revenue Q/Q

-72.93%

NKLA Earnings

Earnings (TTM)

-784.2M

Earnings Y/Y

-39.3%

Earnings Q/Q

6%

Price Action

52 Week Range

1.3511.87
(Low)(High)

Last 7 days

-3.2%

Last 30 days

-32.0%

Last 90 days

-36.8%

Trailing 12 Months

-85.1%

NKLA Financial Health

Current Ratio

1.14

Debt/Equity

0.55

Debt/Cashflow

-1.98

NKLA Investor Care

Shares Dilution (1Y)

24.10%

Diluted EPS (TTM)

-1.78

Peers (Alternatives to Nikola)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
114.5B
59.4B
-7.69% -0.59%
17.07
1.93
16.59% 3.25%
71.0B
15.9B
-0.02% 12.01%
23.39
4.45
10.22% 12.62%
41.7B
17.2B
-6.71% 13.38%
33.09
2.43
12.35% -30.65%
37.1B
28.8B
-1.88% -19.37%
12.31
1.29
22.52% 61.44%
23.3B
5.8B
-1.58% 7.15%
30.82
4
10.87% 24.13%
MID-CAP
5.6B
2.5B
-4.22% -24.94%
32.73
2.28
9.34% -13.37%
5.1B
8.3B
-12.92% -26.98%
29.15
0.61
4.14% -62.29%
4.2B
2.0B
-4.25% 9.71%
22.48
2.06
22.97% 21.70%
4.0B
2.8B
-8.56% 7.43%
7.57
1.45
15.28% 20.14%
2.6B
4.3B
0.61% 53.23%
10.31
0.6
17.80% 81.88%
SMALL-CAP
780.9M
1.0B
-12.87% -41.37%
21.36
0.76
3.57% -46.96%
774.5M
50.8M
-31.98% -85.06%
-0.99
15.24
1229.98% -13.59%
643.8M
907.1M
6.01% -4.87%
-12.15
0.71
32.86% -1821.33%
22.0M
94.6M
-15.87% -70.29%
3.19
0.23
-5.17% -40.82%
20.8M
18.1M
-7.10% -81.92%
-1.42
1.15
11.47% -20.89%

Financials for Nikola

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-13.9%50,825,00059,016,00040,042,0007,548,0003,821,500
Gross Profit-77.6%-104,757,000-58,995,000-28,826,000431,0000.00
Operating Expenses-2.0%643,921,000656,975,000729,252,000724,676,000693,526,000
  S&GA Expenses2.4%370,154,000361,463,000421,527,000412,331,000400,575,000
  R&D Expenses-7.4%273,767,000295,512,000307,725,000312,345,000292,951,000
EBITDA-6.1%-735,821,000-693,387,000-731,624,000-707,180,000-
EBITDA Margin-23.2%-14.48-11.75-16.52-93.69-
Earnings Before Taxes-6.8%-763,567,000-714,998,000-747,168,000-717,546,000-686,854,000
EBT Margin-24.0%-15.02-12.12-16.87-95.06-
Interest Expenses55.1%4,446,0002,867,0001,378,000883,000797,000
Net Income-8.7%-784,238,000-721,588,000-752,921,000-723,155,000-690,438,000
Net Income Margin-26.2%-15.43-12.23-17.00-95.81-
Free Cahsflow-4.5%-781,186,000-747,724,000-650,563,000-508,802,000-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets6.7%1,2371,1591,167910990
  Current Assets-10.3%437487545419525
    Cash Equivalents-26.1%233316442360497
  Inventory52.0%12381.0052.0026.0012.00
  Net PPE17.1%365312264244-
  Goodwill345.9%7.002.005.005.005.00
Liabilities19.3%710595568288296
  Current Liabilities38.2%384278254184181
  Long Term Debt3.0%29228327325.0025.00
Shareholder's Equity-6.7%526564599622694
  Retained Earnings-12.2%-2,034-1,812-1,576-1,403-1,250
  Additional Paid-In Capital7.7%2,5632,3792,1772,0261,944
Shares Outstanding12.7%513455433418413
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-6.2%-576-543-454-379-307
  Share Based Compensation-3.6%255265211209206
Cashflow From Investing7.4%-221-238-208-216-207
Cashflow From Financing-0.1%599599560217188

Risks for NKLA

What is the probability of a big loss on NKLA?

63.4%


Probability that Nikola stock will be more than 20% underwater in next one year

56.2%


Probability that Nikola stock will be more than 30% underwater in next one year.

56.2%


Probability that Nikola stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does NKLA drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Nikola was unfortunately bought at previous high price.

Drawdowns

Returns for NKLA

Cumulative Returns on NKLA

-48.2%


3-Year Cumulative Returns

Which funds bought or sold NKLA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
ETF MANAGERS GROUP, LLC
new
-
256,729
256,729
0.01%
2023-03-23
MetLife Investment Management, LLC
added
6.23
-205,051
383,905
-%
2023-03-17
American Portfolios Advisors
reduced
-2.69
-3,718
9,539
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
17.43
-30,350
78,650
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-96.06
-251,000
6,000
-%
2023-02-28
Voya Investment Management LLC
added
12.65
-124,479
279,521
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
158
85,651
230,651
-%
2023-02-24
SRS Capital Advisors, Inc.
reduced
-99.84
-10,989
11.00
-%
2023-02-24
NATIXIS
new
-
226,800
226,800
-%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-2.23
-2,153
2,847
-%

1–10 of 42

Latest Funds Activity

Are funds buying NKLA calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own NKLA
No. of Funds

Nikola News

Nasdaq

Nikola (NKLA) Outpaces Stock Market Gains: What You Should Know.

Nasdaq,
9 hours ago

InvestorsObserver

StockNews.com

The Motley Fool

InvestorPlace

Schedule 13G FIlings of Nikola

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
norges bank
7.01%
33,581,371
SC 13G/A
Feb 13, 2023
t&m residual, llc
7.7%
39,876,497
SC 13D
Feb 09, 2023
vanguard group inc
6.58%
31,513,851
SC 13G
Jan 05, 2023
ya ii pn, ltd.
0%
0
SC 13G/A
Mar 10, 2022
norges bank
5.05%
20,879,125
SC 13G
Dec 01, 2021
m&m residual, llc
12.0%
48,361,144
SC 13D/A
Nov 24, 2021
m&m residual, llc
12.8%
51,652,457
SC 13D/A
Aug 20, 2021
m&m residual, llc
15.9%
63,361,144
SC 13D/A
Jun 30, 2021
green nikola holdings llc
4.9%
19,227,033
SC 13D/A
May 14, 2021
m&m residual, llc
20.1%
79,059,795
SC 13D/A

NKLA Fair Value

Nikola fair value in different scenarios

The table shows the Fair Value estimates for Nikola for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

0.23

-84.77%

0.26

-82.78%

0.36

-76.16%

0.52

-65.56%

0.85

-43.71%
Current Inflation

0.23

-84.77%

0.26

-82.78%

0.34

-77.48%

0.48

-68.21%

0.76

-49.67%
Very High Inflation

0.23

-84.77%

0.25

-83.44%

0.32

-78.81%

0.43

-71.52%

0.66

-56.29%

Historical Nikola Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Nikola

View All Filings
Date Filed Form Type Document
Mar 24, 2023
424B3
Prospectus Filed
Mar 24, 2023
424B3
Prospectus Filed
Mar 24, 2023
8-K/A
Current Report
Mar 20, 2023
424B3
Prospectus Filed
Mar 20, 2023
424B3
Prospectus Filed
Mar 20, 2023
8-K
Current Report
Mar 17, 2023
424B3
Prospectus Filed
Mar 17, 2023
424B3
Prospectus Filed
Mar 16, 2023
305B2
305B2
Mar 16, 2023
8-K
Current Report

Latest Insider Trading transactions for NKLA

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-06
Lohscheller Michael
sold
-58,846
2.112
-27,863
chief executive officer
2023-03-06
Mendes Carey
sold
-2,726
2.112
-1,291
president, energy
2022-12-30
SHINDLER STEVEN M
gifted
-
-
-30,000
-
2022-12-30
RUSSELL MARK A
sold
-165,891
2.21188
-75,000
-
2022-12-30
RUSSELL MARK A
acquired
79,500
1.06
75,000
-
2022-12-29
RUSSELL MARK A
acquired
79,500
1.06
75,000
-
2022-12-29
RUSSELL MARK A
sold
-175,420
2.33894
-75,000
-
2022-12-28
RUSSELL MARK A
acquired
79,500
1.06
75,000
-
2022-12-28
RUSSELL MARK A
sold
-173,104
2.30806
-75,000
-
2022-12-27
RUSSELL MARK A
sold
-183,306
2.44408
-75,000
-

1–10 of 50

Mark A. Russell
900
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.

NKLA Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues:   
Revenue$ 50,825,000$ 0$ 95,000
Cost of revenues:   
Cost of revenues155,582,000072,000
Gross profit (loss)(104,757,000)023,000
Operating expenses:   
Research and development273,767,000292,951,000185,619,000
Selling, general and administrative370,154,000400,575,000182,724,000
Impairment expense0014,415,000
Total operating expenses643,921,000693,526,000382,758,000
Loss from operations(748,678,000)(693,526,000)(382,735,000)
Other income (expense):   
Interest income (expense), net(17,740,000)(481,000)202,000
Loss on forward contract liability00(1,324,000)
Revaluation of warrant liability3,874,0003,051,00013,448,000
Other income (expense), net(1,023,000)4,102,000(846,000)
Loss before income taxes and equity in net loss of affiliates(763,567,000)(686,854,000)(371,255,000)
Income tax expense (benefit)6,0004,000(1,026,000)
Loss before equity in net loss of affiliates(763,573,000)(686,858,000)(370,229,000)
Equity in net loss of affiliates(20,665,000)(3,580,000)(637,000)
Net loss(784,238,000)(690,438,000)(370,866,000)
Premium paid on repurchase of redeemable convertible preferred stock00(13,407,000)
Net loss attributable to common stockholders$ (784,238,000)$ (690,438,000)$ (384,273,000)
Net loss per share attributable to common stockholders:   
Basic (in dollars per share)$ (1.78)$ (1.73)$ (1.15)
Diluted (in dollars per share)$ (1.78)$ (1.74)$ (1.18)
Weighted-average shares outstanding:   
Basic (in shares)441,800,499398,655,081335,325,271
Diluted (in shares)441,800,499398,784,392335,831,033
Truck sales   
Revenues:   
Revenue$ 45,931,000$ 0$ 0
Cost of revenues:   
Cost of revenues150,204,00000
Service and other   
Revenues:   
Revenue4,894,000095,000
Cost of revenues:   
Cost of revenues$ 5,378,000$ 0$ 72,000

NKLA Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets  
Cash and cash equivalents$ 233,405$ 497,241
Restricted cash and cash equivalents—current10,6000
Accounts receivable, net31,9000
Inventory123,19711,597
Prepaid expenses and other current assets37,82415,891
Total current assets436,926524,729
Restricted cash and cash equivalents78,95925,000
Long-term deposits34,27927,620
Property, plant and equipment, net437,006244,377
Intangible assets, net93,09497,181
Investment in affiliates72,81661,778
Goodwill6,6885,238
Prepayment - long-term supply agreement44,8350
Other assets32,0553,896
Total assets1,236,658989,819
Current liabilities  
Accounts payable117,91486,982
Accrued expenses and other current liabilities202,56293,487
Debt and finance lease liabilities, current (including $50.0 million and zero measured at fair value, respectively)63,114140
Total current liabilities383,590180,609
Long-term debt and finance lease liabilities, net of current portion291,62725,047
Operating lease liabilities28,2232,263
Warrant liability4214,284
Other long-term liabilities6,30384,033
Deferred tax liabilities, net1511
Total liabilities710,179296,247
Commitments and contingencies (Note 14)
Stockholders' equity  
Preferred stock, $0.0001 par value, 150,000,000 shares authorized, no shares issued and outstanding as of December 31, 2022 and 202100
Common stock, $0.0001 par value, 800,000,000 and 600,000,000 shares authorized as of December 31, 2022 and 2021, respectively, 512,935,485 and 413,340,550 shares issued and outstanding as of December 31, 2022 and 2021, respectively5141
Additional paid-in capital2,562,8551,944,341
Accumulated deficit(2,034,850)(1,250,612)
Accumulated other comprehensive income (loss)(1,577)(198)
Total stockholders' equity526,479693,572
Total liabilities and stockholders' equity$ 1,236,658$ 989,819