Nikola (NASDAQ:NKLA) shares are in focus today after the EV maker announced production and delivery numbers for the second quarter.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
The company delivered 45 battery-electric trucks wholesale and 66 trucks in retail during this period. It has delivered a total of 76 trucks in wholesale and 99 trucks in retail so far this year.
Further, Nikola’s subsidiary Romeo Power has now transferred assets to an entity that will oversee the liquidation or sale of the assets. Nikola’s annual investor meeting is slated to reconvene tomorrow when shareholders will vote on the proposal to increase the number of issued shares of the company.
Separately, Nikola is yet to complete its quarterly closing and review process. It is expected to announce second-quarter numbers on August 4. Analysts expect Nikola to post a net loss per share of $0.21 in Q2. It had posted a net loss per share of $0.25 versus the Street’s estimate of a net loss per share of $0.27 in the comparable year-ago period.
Overall, the Street has a $3.25 consensus price target on Nikola alongside a Hold consensus rating. Shares of the company have tanked nearly 73.6% over the past year.
Read full Disclosure
