Shares of electric vehicle manufacturer Nikola (NKLA, Financial) experienced a significant drop of 38.95% in recent trading. This decline comes amid reports indicating potential bankruptcy filings and the company's efforts to restructure its debt.
Currently trading at 0.4594 USD, Nikola Corp's market capitalization stands at approximately 38.81 million USD. The stock displays significant volatility, and recent movements have highlighted the company's financial distress.
Analyzing Nikola's financial health, it is categorized as having poor financial strength. The Altman Z-Score of -6.55 suggests a high likelihood of bankruptcy in the next two years. Additionally, the company has shown a pattern of issuing new debt and shares, with significant insider selling activity observed in recent months.
Despite these challenges, there are some positive aspects for Nikola. The stock price, Price-to-Book (PB) Ratio, and Price-to-Sales (PS) Ratio are close to their five-year lows, potentially offering value to investors who believe in a turnaround.
The GF Value assessment for Nikola is currently not available, reflecting the company's unpredictable nature. Investors may refer to the GF Value page for updates on this valuation.
