Nikola (NKLA) Stock Slides as Market Rises: Facts to Know Before You Trade

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 ...