Leadership change as core challenge
In recent weeks, Nikola Corp., a Phoenix-based company specializing in electric vehicle manufacturing, has once again hit the headlines. But this time, it’s not because of a revolutionary product, but because of a change in leadership. Carey Mendes, the previous president of energy, has left the company to take a new position with an East Coast firm.
His successor will be Ryan McGeachie, who was so far responsible for integrated hydrogen solutions. Mendes had before launched the HYLA brand of hydrogen fueling stations and had been with the company since October 2021. This represents the second leadership change in a month, raising questions about the stability and direction of the company.
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Nikola?
Technical analysis and market trends
In the world of stocks, technical indicators such as the 200-day moving average (GD200) are in the foreground. The technical analysis of Nikola stock shows clear weaknesses: while the GD200 is falling, the share price is currently below it. Another warning sign is the falling 38-day average (GD38). In contrast, the 100-day average (GD100) offers a silver lining as it is rising.
- Price: 1.30 USD
- GD200: 1.81 USD (falling)
- 52 wk range: 0.51 – 6.21 USD
Sollten Anleger sofort verkaufen? Oder lohnt sich doch der Einstieg bei Nikola?
Unfavorable outlook for bulls
The result of the trend analysis leaves little room of optimism for bulls. Considering the various indicators and the short-term market trends, one may speak of an overall unfavorable trend situation.
Nikola Corp. is at a critical point in its corporate history. While leadership changes and market indicators offer no clear answers, investors should prepare for turbulent times ahead. Although GD100 shows a positive trend, the overarching trends and recent corporate news suggest that caution is needed.
Buy, hold, or sell? – Your Nikola analysis of 28/08 provides the answer:
What are the prospects for Nikola´s development? Is this stock a safe investment for your money?
The answers to these questions and why you need to act now can be found in the current analysis of Nikola stock.
Kaufen, halten oder verkaufen - Ihre Nikola-Analyse von 21.05. liefert die Antwort:
Wie wird sich Nikola jetzt weiter entwickeln? Ist ihr Geld in dieser Aktie sicher? Die Antworten auf diese Fragen und warum Sie jetzt handeln müssen, erfahren Sie in der aktuellen Analyse zur Nikola Aktie
