NKLA vs. SHYF, LEV, LOT, PSNY, XPEL, AXL, CHPT, SMP, LAZR, and CTOS
Should you be buying Nikola stock or one of its competitors? The main competitors of Nikola include The Shyft Group (SHYF), Lion Electric (LEV), Lotus Technology (LOT), Polestar Automotive Holding UK (PSNY), XPEL (XPEL), American Axle & Manufacturing (AXL), ChargePoint (CHPT), Standard Motor Products (SMP), Luminar Technologies (LAZR), and Custom Truck One Source (CTOS). 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 better stock? We will compare the two businesses based on the strength of their valuation, community ranking, earnings, analyst recommendations, institutional ownership, profitability, dividends, risk and media sentiment.
In the previous week, Nikola had 11 more articles in the media than The Shyft Group. MarketBeat recorded 19 mentions for Nikola and 8 mentions for The Shyft Group. The Shyft Group's average media sentiment score of 0.68 beat Nikola's score of -0.12 indicating that The Shyft Group is being referred to more favorably in the news media.
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.
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.
Nikola presently has a consensus target price of $1.33, indicating a potential upside of 131.48%. The Shyft Group has a consensus target price of $14.00, indicating a potential upside of 11.64%. Given Nikola's higher probable upside, research analysts plainly believe Nikola is more favorable than The Shyft Group.
Nikola received 31 more outperform votes than The Shyft Group when rated by MarketBeat users. Likewise, 53.04% of users gave Nikola an outperform vote while only 52.63% of users gave The Shyft Group an outperform vote.
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 insiders. Comparatively, 2.5% of The Shyft Group shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.
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.
Summary
The Shyft Group beats Nikola on 11 of the 19 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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