Published on 14 Oct 2022 on Zacks via Yahoo Finance
Nikola (NKLA) closed at $3.06 in the latest trading session, marking a -1.29% move from the prior day. This change was narrower than the S&P 500's daily loss of 2.37%. Meanwhile, the Dow lost 1.35%, and the Nasdaq, a tech-heavy index, lost 0.24%.
Heading into today, shares of the pioneer in zero-emission trucks had lost 40.61% over the past month, lagging the Auto-Tires-Trucks sector's loss of 18.38% and the S&P 500's loss of 6.51% in that time.
Wall Street will be looking for positivity from Nikola as it approaches its next earnings report date. This is expected to be November 3, 2022. On that day, Nikola is projected to report earnings of -$0.39 per share, which would represent a year-over-year decline of 77.27%.