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Nikola Corp (NASDAQ:NKLA) shares snapped their six-day streak of continuous losses on Tuesday, noting their first session in green since April 5.
The EV maker rose 1.76% on Tuesday to end at $0.67. Since the start of the year, NKLA shares have fallen about 22%, underperforming the S&P 500.
Looking at Seeking Alpha's Quant, NKLA had a Hold rating with a score of 2.51 out of 5. The company received an F for its profitability but an A+ for growth prospects. The stock got a C+ for valuation, compared to a B+ three months ago.
Turning to the Wall Street community, about two sell-side analysts surveyed in the last 90 days rated the company as a Buy or higher. Meanwhile, another six analysts rated the company as a Hold.
Seeking Alpha analysts generally saw the Phoenix-based company as a Sell. SA Analyst Dair Sansyzbayev endorsed the company as a Strong Sell, commenting that Nikola's fundamentals are still extremely weak, and the competition is likely to intensify.
"To me as a long-term investor who relies solely on fundamentals, NKLA is an apparent "Strong Sell". However, risk-takers might be willing to try to play the potential short squeeze, but odds look very low to me," the analyst added.
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