Nikola Co. (NASDAQ:NKLA – Get Free Report) traded down 28.7% during mid-day trading on Monday . The company traded as low as $0.18 and last traded at $0.18. 36,658,847 shares changed hands during trading, an increase of 355% from the average session volume of 8,059,284 shares. The stock had previously closed at $0.26.
Nikola Stock Performance
The firm has a market capitalization of $11.14 million, a PE ratio of -0.01 and a beta of 1.97. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.17 and a quick ratio of 0.94. The stock has a 50-day moving average price of $0.63 and a 200-day moving average price of $2.35.
Institutional Trading of Nikola
Hedge funds and other institutional investors have recently modified their holdings of the business. Bridgeway Capital Management LLC bought a new stake in Nikola in the fourth quarter valued at about $30,000. Two Sigma Investments LP bought a new stake in Nikola in the fourth quarter valued at about $33,000. Canada Pension Plan Investment Board increased its holdings in Nikola by 840.0% in the fourth quarter. Canada Pension Plan Investment Board now owns 28,200 shares of the company’s stock valued at $34,000 after buying an additional 25,200 shares during the last quarter. Barclays PLC increased its holdings in Nikola by 121.1% in the third quarter. Barclays PLC now owns 9,475 shares of the company’s stock valued at $43,000 after buying an additional 5,190 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Nikola in the fourth quarter valued at about $43,000. 37.38% of the stock is owned by hedge funds and other institutional investors.
About Nikola
Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.
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