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 ...

Core Insights - Nikola Corporation is advancing its decarbonization efforts in the trucking industry through its HYLA brand and AiLO Logistics, which has placed a significant order for hydrogen fuel cell electric vehicles (FCEVs) [1][2] - AiLO Logistics has ordered 100 Nikola hydrogen FCEVs to enhance its sustainable logistics services, reflecting the growing demand in the port industry [2][3] - The order from AiLO is a continuation of their commitment to sustainability, having previously ordered 50 FCEVs, with deliveries already underway [3][4] Company Overview - Nikola Corporation focuses on zero-emissions transportation and energy solutions, offering Class 8 vehicles powered by hydrogen fuel cells and battery-electric technology [5][6] - The company is based in Phoenix, Arizona, with a manufacturing facility in Coolidge, Arizona, and aims to create a comprehensive hydrogen refueling ecosystem [5][6] Industry Context - The Port of Los Angeles has seen a significant increase in logistics demand, with a 25% rise in Twenty-Foot Equivalent Units (TEUs) moved in the first four months of 2024 compared to the previous year, highlighting the need for efficient and sustainable logistics solutions [8] - AiLO has been proactive in adopting near-zero technology, including Compressed Natural Gas (CNG) and Renewable Natural Gas (RNG), to align with customers' Green Supply Chain Goals [9]

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 ...

The electric-truck maker might be an interesting play for speculative investors. Nikola (NKLA -2.67%), a producer of electric semi trucks, saw its market cap hit $28.8 billion as its stock hit its record high of $79.73 on June 9, 2020. But at the time of this writing, it trades at about $0.56 a share with a market cap of $750 million. The stock collapsed after the company missed its own production estimates; its founder and former CEO, Trevor Milton, was convicted of securities and wire fraud; and it recall ...

Core Viewpoint - Nikola Corporation is facing significant challenges despite recent growth in truck sales, with concerns about profitability and high operational costs impacting its stock performance [2][4]. Group 1: Financial Performance - Nikola's stock price is currently at $0.567, a crucial support level, having dropped over 36% this year and over 99% from its peak [1]. - The company sold 40 trucks in the fourth quarter, totaling 75 units sold, with expectations to sell between 300 and 350 trucks in the current year [2]. - Revenue from the HYLA truck is projected to be around $133 million this year, contributing to an expected total revenue of over $140 million, a significant increase from $35 million in 2023 [2]. Group 2: Operational Challenges - Nikola reported a revenue of over $7.4 million in the first quarter, but incurred a net loss of over $147 million, indicating ongoing financial struggles [4]. - The company may need to raise additional funds, having ended the last quarter with over $345 million in cash and equivalents, alongside $1.2 million in restricted cash [4]. - High costs associated with hydrogen fueling and logistical issues are significant barriers, with hydrogen fuel prices being three times higher than diesel [4]. Group 3: Market Sentiment and Stock Trends - Nikola's stock has been in a bearish trend, hovering around crucial support levels, with potential for further decline if it breaks below $0.5333 [6]. - Technical analysis indicates a head and shoulders pattern, suggesting more downside risk, with a potential drop to $0.40 [6].