NKLA Stock Summary and Trading Ideas (Nikola | NASDAQ:NKLA)

Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.

Nikola trades on the NASDAQ stock market under the symbol NKLA.

As of April 9, 2025, NKLA stock price was flat at $0.18 with million shares trading.

NKLA has a beta of 1.00, meaning it tends to be more sensitive to market movements. NKLA has a correlation of 0.01 to the broad based SPY ETF.

NKLA has a market cap of $15.46 million. This is considered a Sub-Micro Cap stock.

Last quarter Nikola reported $25 million in Revenue and -$2.75 earnings per share. This fell short of revenue expectation by $-12 million and missed earnings estimates by -$.40.

In the last 3 years, NKLA traded as high as $269.10 and as low as $.18.

NKLA has underperformed the market in the last year with a return of -99.4%, while the SPY ETF gained +7.1%. In the last 3 month period, NKLA fell short of the market, returning -85.0%, while SPY returned -6.6%. However, in the most recent 2 weeks NKLA has outperformed the stock market by returning 0.0%, while SPY returned -4.7%.

NKLA support price is $.18 and resistance is $.18 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NKLA shares will trade within this expected range on the day.