Is Nikola Corporation (NKLA) The Right Choice in Auto Manufacturers?

Thursday, September 24, 2020 2:13 PM | InvestorsObserver Analysts

A rating of 85 puts Nikola Corporation (NKLA) near the top of the Auto Manufacturers industry according to InvestorsObserver. Nikola Corporation's score of 85 means it scores higher than 85% of stocks in the industry. Nikola Corporation also received an overall rating of 60, putting it above 60% of all stocks. Auto Manufacturers is ranked 73 out of the 148 industries.

Overall Score - 60
NKLA has an Overall Score of 60. Find out what this means to you and get the rest of the rankings on NKLA!

What do These Ratings Mean?

Analyzing stocks can be hard. There are tons of numbers and ratios, and it can be hard to remember what they all mean and what counts as “good” for a given value. InvestorsObserver ranks stocks on eight different metrics. We percentile rank most of our scores to make it easy for investors to understand. A score of 60 means the stock is more attractive than 60 percent of stocks.

These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.

What's Happening With Nikola Corporation Stock Today?

Nikola Corporation (NKLA) stock is lower by -5.86% while the S&P 500 has risen 1.11% as of 2:06 PM on Thursday, Sep 24. NKLA is down -$1.24 from the previous closing price of $21.15 on volume of 43,852,788 shares. Over the past year the S&P 500 has risen 11.92% while NKLA has risen 95.39%. NKLA lost -$0.41 per share the over the last 12 months.

Click Here to get the full Stock Score Report on Nikola Corporation (NKLA) Stock.

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