NKLA vs. SHYF, LOT, LEV, PSNY, CHPT, LAZR, SMP, EVGO, MLR, and HSAI
Should you be buying Nikola stock or one of its competitors? The main competitors of Nikola include The Shyft Group (SHYF), Lotus Technology (LOT), Lion Electric (LEV), Polestar Automotive Holding UK (PSNY), ChargePoint (CHPT), Luminar Technologies (LAZR), Standard Motor Products (SMP), EVgo (EVGO), Miller Industries (MLR), and Hesai Group (HSAI). These companies are all part of the "auto/tires/trucks" sector.
Nikola (NASDAQ:NKLA) and The Shyft Group (NASDAQ:SHYF) are both small-cap auto/tires/trucks companies, but which is the superior business? We will compare the two companies based on the strength of their profitability, community ranking, media sentiment, valuation, earnings, institutional ownership, analyst recommendations, risk and dividends.
Nikola received 32 more outperform votes than The Shyft Group when rated by MarketBeat users. Likewise, 53.45% of users gave Nikola an outperform vote while only 52.63% of users gave The Shyft Group an outperform vote.
The Shyft Group has higher revenue and earnings than Nikola. The Shyft Group is trading at a lower price-to-earnings ratio than Nikola, indicating that it is currently the more affordable of the two stocks.
Nikola currently has a consensus target price of $1.33, suggesting a potential upside of 142.60%. The Shyft Group has a consensus target price of $14.00, suggesting a potential upside of 12.63%. Given Nikola's higher probable upside, research analysts clearly believe Nikola is more favorable than The Shyft Group.
The Shyft Group has a net margin of 0.01% compared to Nikola's net margin of 0.00%. The Shyft Group's return on equity of 2.76% beat Nikola's return on equity.
In the previous week, Nikola had 7 more articles in the media than The Shyft Group. MarketBeat recorded 9 mentions for Nikola and 2 mentions for The Shyft Group. The Shyft Group's average media sentiment score of 1.44 beat Nikola's score of 0.03 indicating that The Shyft Group is being referred to more favorably in the news media.
37.4% of Nikola shares are owned by institutional investors. Comparatively, 85.8% of The Shyft Group shares are owned by institutional investors. 0.7% of Nikola shares are owned by company insiders. Comparatively, 2.5% of The Shyft Group shares are owned by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Nikola has a beta of 2.1, indicating that its stock price is 110% more volatile than the S&P 500. Comparatively, The Shyft Group has a beta of 1.69, indicating that its stock price is 69% more volatile than the S&P 500.
Summary
The Shyft Group beats Nikola on 10 of the 18 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding NKLA and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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