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Wednesday, January 27, 2021

Colliers Securities has Initiated Coverage of NKLA

The research analysts working at Colliers Securities have already started covering the shares of NKLA, as they mentioned in a research report. The rating given to the stocks of the company by the firm has been ‘neutral’. 

Investment Firms Covering the Shares of NKLA

There have been quite some research firms that have commented on the stocks of the company. Zacks Investment Research has already increased the shares of the company from a rating of ‘sell’ to a rating of ‘hold’. Deutsche Bank, on the other hand, reduced the objective price on the company from $29 to $26, along with a rating of ‘hold’ on the stocks of the company.

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Loop Capital has also started covering the firm, which is why they have set a rating of ‘buy’ on the company stocks, along with a target price of $35. Evercore ISI went ahead and started setting up a rating of ‘inline’ for the company, along with a target price of $20. In the end, BidaskClub also joined in on the action with a rating of ‘hold’ on the stocks of NKLA.

Two of the investment analysts working on the stocks of the company have given it a rating of ‘sell’, while five of them have given it a rating of ‘hold’. Currently, NKLA has a consensus rating of ‘hold’ with a price target fixed at $34.43. 

The NKLA shares traded at $16.83 last Wednesday, where the stocks of the company saw a moving average price over 50-days to be $21.39. The year low for the company is $10.29, while the year high for the firm is $93.99. 

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The company had previously declared its earnings data for the quarter on the 14th of November. The EPS reported by the company was $0.16. Most of the experts are of the opinion that NKLA will probably have an EPS of -1.1 for the present year. 

 

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