Nikola Corporation has recently announced that Kim J. Brady, the Chief Financial Officer (CFO), will be retiring from his position effective April 7, 2023. To succeed Brady, Anastasiya “Stasy” Pasterick, who currently serves as the Vice President and Corporate Controller, will take on the role of CFO. Brady will remain with the company until April 28, 2023, as a non-executive officer in an advisory capacity to ensure a smooth transition.
Pasterick has been with Nikola Corporation since 2018 and has played a pivotal role in building the finance and accounting teams. She has held various leadership positions in finance and accounting and has been instrumental in the company’s financial reporting and compliance efforts. Pasterick holds a Bachelor of Science in Accounting from Arizona State University and is a Certified Public Accountant.
In a statement, Pasterick expressed her gratitude towards Kim Brady for being a valued colleague, mentor, and friend. She also stated that she is honored to continue shaping Nikola as the company focuses on executing its business plan and navigating the next chapter of its journey.
NKLA Stock Performance: Stable Opening and Positive Earnings Growth
Nkla Stock Performances: What You Need to Know
Nikola Corporation (NKLA) is a company that designs and manufactures electric vehicles. The company has been in the news lately due to its stock performances. In this article, we will discuss NKLA’s stock performance based on the information provided by CNN Money.
Previous Close and Today’s Open
On the previous trading day, NKLA closed at $1.50. Today, the stock opened at the same price of $1.50.
Day’s Range and Volume
The day’s range for NKLA stock is between $1.43 and $1.53. The volume for the day is 365,518, which is significantly lower than the average volume of 12,376,506 over the past three months.
Market Cap and Earnings Growth
NKLA’s market cap is $830.5M. The company’s earnings growth for the last year was -2.49%, while this year’s earnings growth is +16.54%. However, the projected earnings growth for the next five years is -6.36%. NKLA has not reported any revenue growth for the last year.
P/E Ratio and Price Ratios
NKLA’s P/E ratio is NM, which means that the company has no earnings to report. The price/sales ratio for NKLA is 18.78, while the price/book ratio is 1.45.
ASLEAerSale Corp
ASLEAerSale Corp, a company in the same industry as NKLA, saw an increase of 2.16% in its stock price, gaining $0.35.
Next Reporting Date and EPS Forecast
NKLA’s next reporting date is May 4, 2023. The EPS forecast for this quarter is -$0.26.
Annual Revenue and Profit
NKLA’s annual revenue for the last year was $50.8M. However, the company reported a loss of -$784.2M. The net profit margin for NKLA was -1,543.02%.
Sector and Industry
NKLA operates in the Consumer Durables sector and the Motor Vehicles industry.
Executives and Corporate Headquarters
There are no executives to display for NKLA. The company’s corporate headquarters is located in Phoenix, Arizona.
Conclusion
Based on the information provided by CNN Money, NKLA’s stock performance for the day has been relatively stable, opening and closing at $1.50. The volume for the day is significantly lower than the average volume over the past three months. NKLA has reported positive earnings growth for this year, but the projected earnings growth for the next five years is negative. The company has not reported any revenue growth for the last year, and its net profit margin is negative. The stock operates in the Motor Vehicles industry under the Consumer Durables sector, and the company’s corporate headquarters is located in Phoenix, Arizona.
Nikola Corp Stock: Analysts Remain Bullish Despite Fraud Allegations
Nikola Corp, the Arizona-based electric truck maker, has been in the news for all the wrong reasons lately. The company has been accused of fraud by short-seller Hindenburg Research, which claimed that Nikola’s founder, Trevor Milton, had made false statements about the company’s technology and capabilities. Since then, the company’s stock price has taken a hit, and investors are left wondering whether they should hold on to their shares or sell them.
According to data from CNN Money, the 8 analysts who offer 12-month price forecasts for Nikola Corp have a median target of $3.50, with a high estimate of $15.00 and a low estimate of $3.00. The median estimate represents a +130.26% increase from the last price of $1.52. This suggests that analysts are still bullish on the company’s long-term prospects, despite the recent controversy.
However, the current consensus among 10 polled investment analysts is to hold stock in Nikola Corp. This rating has held steady since March, when it was unchanged from a hold rating. This indicates that investors are taking a wait-and-see approach, as they wait for more clarity on the company’s future.
Nikola Corp’s current quarter earnings per share are -$0.26, and sales are $12.9 million. The company is set to report its earnings on May 04. It remains to be seen how the company’s financials will be affected by the recent controversy and whether it will have a long-term impact on the company’s growth prospects.
In conclusion, Nikola Corp’s stock performance has been affected by the recent fraud allegations, and investors are understandably cautious about the company’s future. However, analysts remain bullish on the company’s long-term prospects, and the median target price suggests that there is still room for growth. Investors should keep an eye on the company’s financials and wait for more clarity before making any investment decisions.
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