Nikolacorp Stock Price Prediction
| NKLA Stock | USD 0.62 0.02 3.13% |
Oversold Vs Overbought
62
Oversold | Overbought |
NikolaCorp stock price prediction is an act of determining the future value of NikolaCorp shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of NikolaCorp's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of NikolaCorp and does not consider all of the tangible or intangible factors available from NikolaCorp's fundamental data. We analyze noise-free headlines and recent hype associated with NikolaCorp, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting NikolaCorp's stock price prediction:EPS Estimate Next Quarter (0.10) | EPS Estimate Current Year (0.39) | EPS Estimate Next Year (0.29) | Wall Street Target Price 1.79 | EPS Estimate Current Quarter (0.13) |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of NikolaCorp based on different types of headlines from major news networks to social media. The NikolaCorp stock price prediction module provides an analysis of price elasticity to changes in media outlook on NikolaCorp over a specific investment horizon. Using NikolaCorp hype-based prediction, you can estimate the value of NikolaCorp from the perspective of NikolaCorp response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards NikolaCorp using NikolaCorp's stock options and short interest. It helps to benchmark the overall future attitude of investors towards NikolaCorp using crowd psychology based on the activity and movement of NikolaCorp's stock price.
NikolaCorp Short Interest
A significant increase or decrease in NikolaCorp's short interest from the previous month could be a good indicator of investor sentiment towards NikolaCorp. Short interest can provide insight into the potential direction of NikolaCorp stock and how bullish or bearish investors feel about the market overall. An investor who is long NikolaCorp may also wish to track short interest. As short interest increases, investors should be becoming more worried about NikolaCorp and may potentially protect profits, hedge NikolaCorp with its derivative instruments, or be ready for some potential downside.
200 Day MA 1.1323 | Short Percent 0.1851 | Short Ratio 2.53 | Shares Short Prior Month 252.4 M | 50 Day MA 0.7466 |
NikolaCorp Hype to Price Pattern
Investor biases related to NikolaCorp's public news can be used to forecast risks associated with an investment in NikolaCorp. The trend in average sentiment can be used to explain how an investor holding NikolaCorp can time the market purely based on public headlines and social activities around NikolaCorp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of NikolaCorp's market sentiment to its price can help taders to make decisions based on the overall investors consensus about NikolaCorp.
NikolaCorp Implied Volatility | 568.82 |
NikolaCorp's implied volatility exposes the market's sentiment of NikolaCorp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if NikolaCorp's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that NikolaCorp stock will not fluctuate a lot when NikolaCorp's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in NikolaCorp. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in NikolaCorp to buy its stock at a price that has no basis in reality. In that case, they are not buying NikolaCorp because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
NikolaCorp after-hype prediction price | USD 0.64 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
NikolaCorp |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of NikolaCorp's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
NikolaCorp After-Hype Price Prediction Density Analysis
As far as predicting the price of NikolaCorp at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in NikolaCorp or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of NikolaCorp, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
NikolaCorp Estimiated After-Hype Price Volatility
In the context of predicting NikolaCorp's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on NikolaCorp's historical news coverage. NikolaCorp's after-hype downside and upside margins for the prediction period are 0.03 and 6.93, respectively. We have considered NikolaCorp's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
NikolaCorp is abnormally volatile at this time. Analysis and calculation of next after-hype price of NikolaCorp is based on 3 months time horizon.
NikolaCorp Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as NikolaCorp is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NikolaCorp backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with NikolaCorp, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.01 | 6.30 | 0.00 | 0.02 | 10 Events / Month | 4 Events / Month | In about 10 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
0.62 | 0.64 | 0.52 |
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NikolaCorp Hype Timeline
NikolaCorp is now traded for 0.62. The entity stock is not elastic to its hype. The average elasticity to hype of competition is -0.02. NikolaCorp is expected to increase in value after the next headline, with the price projected to jump to 0.64 or above. The average volatility of media hype impact on the company the price is over 100%. The price jump on the next news is projected to be 0.52%, whereas the daily expected return is now at 0.01%. The volatility of related hype on NikolaCorp is about 308.82%, with the expected price after the next announcement by competition of 0.60. The company reported the previous year's revenue of 35.84 M. Net Loss for the year was (864.62 M) with loss before overhead, payroll, taxes, and interest of (104.76 M). Given the investment horizon of 90 days the next expected press release will be in about 10 days. Check out NikolaCorp Basic Forecasting Models to cross-verify your projections.NikolaCorp Related Hype Analysis
Having access to credible news sources related to NikolaCorp's direct competition is more important than ever and may enhance your ability to predict NikolaCorp's future price movements. Getting to know how NikolaCorp's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how NikolaCorp may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| IDEX | Ideanomics | (0.03) | 9 per month | 0.00 | (0.03) | 9.68 | (7.78) | 87.18 | |
| HIPH | American Premium Water | 0.00 | 0 per month | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| TWI | Titan International | (0.07) | 8 per month | 0.00 | (0.17) | 2.18 | (3.55) | 14.33 | |
| DE | Deere Company | (8.49) | 9 per month | 1.39 | (0.02) | 2.12 | (1.67) | 7.35 | |
| CAT | Caterpillar | (5.63) | 7 per month | 0.94 | 0.22 | 2.46 | (1.71) | 6.21 | |
| HYFM | Hydrofarm Holdings GroupInc | 0.07 | 8 per month | 3.37 | (0.01) | 6.38 | (7.00) | 24.39 | |
| UGRO | Urban Gro | (0.13) | 7 per month | 7.40 | 0.04 | 13.07 | (11.11) | 40.77 |
NikolaCorp Additional Predictive Modules
Most predictive techniques to examine NikolaCorp price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for NikolaCorp using various technical indicators. When you analyze NikolaCorp charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About NikolaCorp Predictive Indicators
The successful prediction of NikolaCorp stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as NikolaCorp, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of NikolaCorp based on analysis of NikolaCorp hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to NikolaCorp's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to NikolaCorp's related companies. | 2023 | 2024 (projected) | Days Sales Outstanding | 277.01 | 368.27 | PTB Ratio | 0.97 | 0.92 |
Story Coverage note for NikolaCorp
The number of cover stories for NikolaCorp depends on current market conditions and NikolaCorp's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that NikolaCorp is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about NikolaCorp's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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NikolaCorp Short Properties
NikolaCorp's future price predictability will typically decrease when NikolaCorp's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of NikolaCorp often depends not only on the future outlook of the potential NikolaCorp's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. NikolaCorp's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 800 M | |
| Cash And Short Term Investments | 465.9 M |
Check out NikolaCorp Basic Forecasting Models to cross-verify your projections. For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
Complementary Tools for NikolaCorp Stock analysis
When running NikolaCorp's price analysis, check to measure NikolaCorp's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NikolaCorp is operating at the current time. Most of NikolaCorp's value examination focuses on studying past and present price action to predict the probability of NikolaCorp's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NikolaCorp's price. Additionally, you may evaluate how the addition of NikolaCorp to your portfolios can decrease your overall portfolio volatility.
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Is NikolaCorp's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NikolaCorp. If investors know NikolaCorp will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NikolaCorp listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (1.21) | Revenue Per Share 0.045 | Quarterly Revenue Growth 0.757 | Return On Assets (0.31) | Return On Equity (1.39) |
The market value of NikolaCorp is measured differently than its book value, which is the value of NikolaCorp that is recorded on the company's balance sheet. Investors also form their own opinion of NikolaCorp's value that differs from its market value or its book value, called intrinsic value, which is NikolaCorp's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NikolaCorp's market value can be influenced by many factors that don't directly affect NikolaCorp's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NikolaCorp's value and its price as these two are different measures arrived at by different means. Investors typically determine if NikolaCorp is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NikolaCorp's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.