Is nkla a good buy

**Nikola Corporation (NKLA) does not appear to be a good buy at this time.** Here's why:

1. **Recent Performance**: The stock has experienced a significant decline, with a -80.95% loss over the past year and a recent -0.92% change in its closing price to $5.21 as of September 18, 2024. This indicates a bearish trend and potential underlying issues with the company.

2. **Financial Health**: The company has a negative net income and a negative diluted EPS. Additionally, the P/E (TTM) ratio is -0.28, and the P/B ratio is 0.51, which suggests that the company is not profitable and may be undervalued.

3. **Company Specifics**: Nikola has been selling shares frequently to fund its cash burn, which is a concern for the company's financial stability. The company's revenue growth is high, but its net income growth is lower, which could indicate profitability issues.

4. **Market Position**: Nikola's business model faces challenges, including the high cost of building hydrogen fueling infrastructure and the competition from established players in the energy sector.
5. **Insider Activity**: Recent insider selling at Nikola is a negative signal, as it may indicate a lack of confidence in the company's future prospects.

In conclusion, while Nikola has a vision to create a network of hydrogen production and fueling infrastructure, the current financial performance, market challenges, and insider activity do not support a positive investment case at this time. Investors should consider the company's financial health, market position, and insider sentiment before making an investment decision.