Beleaguered electric vehicle (EV) manufacturer Nikola (NASDAQ:NKLA) found itself in the news for the wrong reasons. On June 20, the company announced that its board of directors unanimously approved a reverse split of NKLA stock at a 1-for-30 ratio. It was supposed to take effect following the close of business Monday, with shares trading on a post-reverse-split basis today. Unfortunately for NKLA stock stakeholders, industry publication EV reported that Nasdaq exchange operators halted trading of the equit ...

Shares of the pioneer in zero-emission trucks have depreciated by 32.19% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 4.91% and the S&P 500's gain of 2.73%. For the full year, the Zacks Consensus Estimates project earnings of -$0.37 per share and a revenue of $117.75 million, demonstrating changes of +53.16% and +224.57%, respectively, from the preceding year. Based on our research, we believe these estimate revisions are directly related to near-team stock moves ...

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Nikola's going with the maximum reverse stock split it can perform. That's because one detail from the announcement didn't provide any new confidence among investors. Investors reacted negatively because it signals that Nikola's board doesn't have a large amount of confidence that the underlying business can help raise the stock price. The ultimate reason for the split was to get in compliance to remain listed on the Nasdaq Stock Market. Stocks can't trade below the $1 per share level for an extended period ...

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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 ...