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The company will conduct a big reverse stock split next week. Here's why that's worrying investors. Shares of electric truck maker Nikola (NKLA -21.98%) were trading sharply lower on Thursday morning, after the company said in a regulatory filing that that it will conduct a 1-for-30 reverse stock split next week. As of 10:30 a.m. ET, Nikola's shares were down about 23.3% from Wednesday's closing price. Nikola's reverse stock split will be more dramatic than expected The upcoming reverse stock split isn't ex ...

Nikola's board of directors has approved a one-for-30 reverse stock split for NKLA shares. This comes after shareholders approved a split ranging from one-for-10 to one-for-30 during an annual shareholder meeting earlier this month. It's also worth noting that this reverse stock split will adjust how many authorized shares of NKLA stock are allowed. The company notes that this change will drop from 1.6 billion shares to 1 billion shares. Nikola is going forward with a reverse stock split to boost the price ...

Li Auto is an underappreciated and undervalued EV play. Nikola (NKLA 2.84%) disappointed a lot of investors after it went public by merging with a special purpose acquisition company (SPAC) four years ago. The maker of electric semi trucks repeatedly missed its own delivery estimates, its founder and former CEO Trevor Milton was convicted of securities and wire fraud, and it recalled nearly all of its vehicles after a series of battery fires. It has also nearly tripled its share count over the past four yea ...

Coming into today, shares of the pioneer in zero-emission trucks had lost 7.65% in the past month. In that same time, the Auto-Tires-Trucks sector lost 3.63%, while the S&P 500 gained 3.25%. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.37 per share and revenue of $117.75 million, indicating changes of +53.16% and +224.57%, respectively, compared to the previous year. Our research demonstrates that these adjustments in estimates directly associate with imminent stock pric ...

Nikola (NKLA) has been on a downward spiral lately with significant selling pressure. After declining 18% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. Here is How to Spot Oversold Stocks We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ove ...

Although electric truck startup Nikola (NASDAQ: NKLA) stock has had a rough year so far, as its price continuously declined, its losses totaling 35.19% year-to-date (YTD), its CEO has recently added to his stock portfolio a whopping one million of NKLA shares. On top of that, it might be a display of confidence for shareholders as the company seeks support for the upcoming vote on the reverse stock split laid out in Proposal 2, which Nikola believes will "have a positive impact by addressing potential delis ...

Nikola (NASDAQ:NKLA) stock is on the rise Tuesday after the company announced a new order from AiLO Logistics for its hydrogen fuel cell electric vehicles (FCEVs). According to a press release, AiLO Logistics has placed an order for 100 of the company's FCEVs through Tom's Truck Centers. This is a sales and service dealer network dealer. Nikola notes that deliveries of these 100 hydrogen FCEVs are set to start in 2025. This builds on a previous order for 50 of its trucks. Deliveries from that order have alr ...

LAS VEGAS, May 21, 2024 /PRNewswire/ -- The 2024 Advanced Clean Transportation (ACT) Expo marks another step in decarbonizing the trucking industry for Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand and AiLO Logistics, a major drayage carrier operating in the Ports of Los Angeles and Long Beach. Today, it is announced that AiLO has placed a 100-truck order of Nikola hydrogen fuel cell electric vehicles (" ...

Nikola (NASDAQ: NKLA) stock price continued slumping this month as concerns about its cash flow and overall demand. It has crashed by over 18% in the past 30 days and is hovering at its all-time low. It is down by over 99% from its al–time high. Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins. Demand risks remain Copy link to section Nikola, a leader in the hydrogen trucks industry, has made a lot of progress as I wrote in my last article here. It has ...