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Is Nikola Corporation (NKLA) Stock About to Get Hot Thursday?

Thursday, April 15, 2021 11:34 AM | InvestorsObserver Analysts

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Is Nikola Corporation (NKLA) Stock About to Get Hot Thursday?

Overall market sentiment has been down on Nikola Corporation (NKLA) stock lately. NKLA receives a Bearish rating from InvestorsObserver's Stock Sentiment Indicator.

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

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

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 Corporation (NKLA) stock is lower by -3.96% while the S&P 500 has risen 0.9% as of 11:18 AM on Thursday, Apr 15. NKLA is lower by -$0.47 from the previous closing price of $11.75 on volume of 4,130,514 shares. Over the past year the S&P 500 has gained 46.22% while NKLA is lower by -7.00%. NKLA lost -$1.19 per share in the over the last 12 months.

To see the top 5 stocks in the Auto Manufacturers industry click here.

More About Nikola Corporation

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 Score Report on Nikola Corporation (NKLA) Stock.

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