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Electric Vehicle Stock Alert: Nikola Corp (NKLA) Receives Neutral Sentiment Score

Thursday, August 18, 2022 10:29 AM | InvestorsObserver Analysts
Electric Vehicle Stock Alert: Nikola Corp (NKLA) Receives Neutral Sentiment Score

NKLA, a player in the electric vehicle market, is lower by 1.29% Thursday as it underperforms the market. Overall market sentiment has been neutral on Nikola Corp (NKLA) stock lately. NKLA receives a Neutral rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,neutral
Nikola Corp has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on NKLA!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With NKLA Stock Today?

Nikola Corp (NKLA) stock is trading at $6.49 as of 10:16 AM on Thursday, Aug 18, a drop of -$0.09, or -1.29% from the previous closing price of $6.57. The stock has traded between $6.44 and $6.66 so far today. Volume today is low. So far 1,242,861 shares have traded compared to average volume of 9,968,418 shares. To screen for more stocks like Nikola Corp click here.

More About Nikola Corp

Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. Click Here to get the full Stock Report for Nikola Corp stock.

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