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.
The Shyft Group (NASDAQ:SHYF) and Nikola (NASDAQ:NKLA) 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 media sentiment, risk, community ranking, institutional ownership, earnings, profitability, dividends, valuation and analyst recommendations.
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.
The Shyft Group has a beta of 1.69, indicating that its share price is 69% more volatile than the S&P 500. Comparatively, Nikola has a beta of 2.1, indicating that its share price is 110% more volatile than the S&P 500.
85.8% of The Shyft Group shares are held by institutional investors. Comparatively, 37.4% of Nikola shares are held by institutional investors. 2.5% of The Shyft Group shares are held by insiders. Comparatively, 0.7% of Nikola shares are held by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.
The Shyft Group presently has a consensus target price of $14.00, indicating a potential upside of 11.29%. Nikola has a consensus target price of $1.33, indicating a potential upside of 149.27%. Given The Shyft Group's higher probable upside, analysts clearly believe Nikola is more favorable than The Shyft Group.
In the previous week, Nikola had 3 more articles in the media than The Shyft Group. MarketBeat recorded 6 mentions for Nikola and 3 mentions for The Shyft Group. Nikola's average media sentiment score of 1.41 beat The Shyft Group's score of 0.43 indicating that The Shyft Group is being referred to more favorably in the media.
The Shyft Group has a net margin of 0.01% compared to The Shyft Group's net margin of 0.00%. Nikola's return on equity of 2.76% beat The Shyft Group's return on equity.
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.
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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