Nikola continues losses for eight straight sessions

Shares of Nikola (NASDAQ:NKLA) traded marginally lower on Monday after falling from a high of $5.95 from past eight trading sessions, where shares plummets overall 30% to a low of $4.15.

Today’s the stock price closed at $4.24.

YTD the NKLA stock was down 83.1%, while the S&P 500 was up 23.5% while the Dow Jones Industrial Average climbed 14.1%.

Over the year, the stock slides 88.4% so far, compared to the nearly 33.95% rise in the broader S&P 500 Index.

Whereas, NKLA was down 22.5% over the past one month.

Looking at Seeking Alpha’s Quant rating, NKLA has a score just 1.10 out of 5 and sees the stock as a “Strong Sell”. The company received F in both the prospect of profitability and momentum, while it got an B in valuation and B in growth factors.

Turning to the Wall Street community, just 2 analysts gave NKLA a Strong Buy while just 1 stood with Buy whereas, 4 of them gave the stock a Hold recommendation, and none were on the short side.

Seeking Alpha analysts see the stock as a Sell, with a rating of 2.40. Where, just 1 analyst stood with a Strong Buy, 1 analyst stood with hold and just 3 were on the sell side.