Nikolacorp Stock Beta
| NKLA Stock | USD 0.64 0.04 6.67% |
NikolaCorp fundamentals help investors to digest information that contributes to NikolaCorp's financial success or failures. It also enables traders to predict the movement of NikolaCorp Stock. The fundamental analysis module provides a way to measure NikolaCorp's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to NikolaCorp stock.
NikolaCorp | Beta |
NikolaCorp Company Beta Analysis
NikolaCorp's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current NikolaCorp Beta | 2.0 |
Most of NikolaCorp's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, NikolaCorp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
NikolaCorp Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for NikolaCorp is extremely important. It helps to project a fair market value of NikolaCorp Stock properly, considering its historical fundamentals such as Beta. Since NikolaCorp's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of NikolaCorp's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of NikolaCorp's interrelated accounts and indicators.
Click cells to compare fundamentals
In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, NikolaCorp has a Beta of 2.001. This is 46.06% higher than that of the Machinery sector and significantly higher than that of the Industrials industry. The beta for all United States stocks is notably lower than that of the firm.
NikolaCorp Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses NikolaCorp's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of NikolaCorp could also be used in its relative valuation, which is a method of valuing NikolaCorp by comparing valuation metrics of similar companies.NikolaCorp is currently under evaluation in beta category among related companies.
NikolaCorp Current Valuation Drivers
We derive many important indicators used in calculating different scores of NikolaCorp from analyzing NikolaCorp's financial statements. These drivers represent accounts that assess NikolaCorp's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of NikolaCorp's important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 2.7B | 5.1B | 3.9B | 954.3M | 699.9M | 664.9M | |
| Enterprise Value | 2.6B | 4.3B | 3.5B | 1.1B | 518.8M | 492.8M |
NikolaCorp Institutional Holders
Institutional Holdings refers to the ownership stake in NikolaCorp that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NikolaCorp's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NikolaCorp's value.| Shares | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 4.5 M | Susquehanna International Group, Llp | 2023-12-31 | 4.3 M | Mirae Asset Global Investments (korea) Co Ltd | 2023-12-31 | 4.2 M | The Toronto-dominion Bank | 2023-12-31 | 4.2 M | Alps Advisors Inc | 2023-12-31 | 3.3 M | Weiss Asset Management Lp | 2023-12-31 | 3 M | Bank Of New York Mellon Corp | 2023-12-31 | 2.6 M | Goldman Sachs Group Inc | 2023-12-31 | 2.3 M | Swiss National Bank | 2023-12-31 | 2.1 M | Norges Bank | 2023-12-31 | 107 M | Vanguard Group Inc | 2023-12-31 | 77.1 M |
As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NikolaCorp will likely underperform.
NikolaCorp Fundamentals
| Return On Equity | -1.39 | ||||
| Return On Asset | -0.31 | ||||
| Operating Margin | (10.18) % | ||||
| Current Valuation | 677.84 M | ||||
| Shares Outstanding | 1.36 B | ||||
| Shares Owned By Insiders | 7.45 % | ||||
| Shares Owned By Institutions | 33.59 % | ||||
| Number Of Shares Shorted | 214.82 M | ||||
| Price To Book | 1.30 X | ||||
| Price To Sales | 26.10 X | ||||
| Revenue | 35.84 M | ||||
| Gross Profit | (104.76 M) | ||||
| EBITDA | (606.6 M) | ||||
| Net Income | (864.62 M) | ||||
| Cash And Equivalents | 319.94 M | ||||
| Cash Per Share | 0.67 X | ||||
| Total Debt | 284.86 M | ||||
| Debt To Equity | 0.54 % | ||||
| Current Ratio | 1.75 X | ||||
| Book Value Per Share | 0.54 X | ||||
| Cash Flow From Operations | (501.14 M) | ||||
| Short Ratio | 1.76 X | ||||
| Earnings Per Share | (1.21) X | ||||
| Price To Earnings To Growth | (0.10) X | ||||
| Target Price | 1.79 | ||||
| Number Of Employees | 870 | ||||
| Beta | 2.0 | ||||
| Market Capitalization | 872.57 M | ||||
| Total Asset | 1.31 B | ||||
| Retained Earnings | (3.07 B) | ||||
| Working Capital | 312.31 M | ||||
| Net Asset | 1.31 B |
About NikolaCorp Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze NikolaCorp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NikolaCorp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NikolaCorp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck out NikolaCorp Piotroski F Score and NikolaCorp Altman Z Score analysis. For information on how to trade NikolaCorp Stock refer to our How to Trade NikolaCorp Stock guide.You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |
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.