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NKLAQ (Nikola) Momentum Rank : 2 (As of Apr. 24, 2025)


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What is Nikola Momentum Rank?

Nikola has the Momentum Rank of 2.

Momentum Rank measures the strength and persistence of a stock's price movement over time, rated on a scale of 1 to 10.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

A higher score reflects strong price momentum and indicates greater potential for superior performance. Conversely, a lower score indicates that momentum is either too high or too low, and stocks tend to underperform.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Nikola's Momentum Rank

For the Farm & Heavy Construction Machinery subindustry, Nikola's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nikola's Momentum Rank Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Nikola's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Nikola's Momentum Rank falls into.


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Nikola Momentum Rank Related Terms

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Nikola Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Nikola Corp (OTCPK:NKLAQ) » Definitions » Momentum Rank
Comparable Companies
LEVGQ CLEV XOS HYFM ARTW CEAD UGRO AGFY CAT DE OSTO:VOLV A PCAR XTER:DTG TSE:6301 TSE:6201 OSTO:EPI A SHSE:600031 XAMS:EXO CNH TSE:6326
Traded in Other Exchanges
NKLA:Mexico 1NKLA:Italy 0A3R:UK
Address
4141 East Broadway Road, Phoenix, AZ, USA, 85040
Website
https://www.nikolamotor.com
Nikola Corp is a technology innovator and integrator, working to develop inventive energy and transportation solutions. It works on a business model that enables customers and fleets to integrate next-generation truck technology, hydrogen fueling and charging infrastructure, and related maintenance. It operates in two business units: Truck and Energy. The Truck business unit and Energy business unit. The Truck business unit is engaged manufacturing and selling FCEV and BEV trucks that provide, environmentally friendly, cost effective solutions to the trucking sector. The Energy business unit is engaged in developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for the Company's customers.
Executives
Mary S Chan officer: Chief Operating Officer C/O SBA COMMUNICATIONS CORPORATION, 8051 CONGRESS AVENUE, BOCA RATON FL 33487
Stephen J Girsky director, 10 percent owner, officer: President and CEO 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Joseph R. Pike officer: Chief Human Resources Officer 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Britton M. Worthen officer: Chief Legal Officer 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Joseph S. Cappello officer: President of Energy 13001 BAY PARK ROAD, PASADENA TX 77507
Anastasiya Pasterick officer: Chief Financial Officer 4141 E BROADWAY ROAD, PHOENIX AZ 85040
John C Vesco director 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Michael Lohscheller officer: President, Nikola Motor Div. 4141 E BROADWAY ROAD, PHONEIX AZ 85040
Carey Mendes officer: President, Energy 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mark A Russell director, 10 percent owner, officer: President and CEO 200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Andrew Vesey director 4300 WILSON BOULEVARD, ARLINGTON VA 22203
Trevor R. Milton director, 10 percent owner, officer: Executive Chairman 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Lynn Forester director C/O ESTEE LAUDER COMPANIES INC, 767 FIFTH AVENUE, NEW YORK NY 10153
Pablo M. Koziner officer: President, Nikola Energy 4141 E BROADWAY ROAD, PHOENIX AZ 85040
Mary L Petrovich director