Analyzing Miller Industries (NYSE:MLR) and Nikola (NYSE:NKLA)
Miller Industries (NYSE:MLR) and Nikola (NASDAQ:NKLA) are both auto/tires/trucks companies, but which is the superior stock? We will compare the two businesses based on the strength of their profitability, earnings, institutional ownership, analyst recommendations, risk, dividends and valuation.
Insider and Institutional Ownership
86.5% of Miller Industries shares are owned by institutional investors. Comparatively, 72.0% of Nikola shares are owned by institutional investors. 3.6% of Miller Industries shares are owned by company insiders. Comparatively, 15.8% of Nikola 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.
This table compares Miller Industries and Nikola’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
This is a breakdown of recent ratings and recommmendations for Miller Industries and Nikola, as provided by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
Nikola has a consensus price target of $62.00, suggesting a potential downside of 8.24%. Given Nikola’s higher possible upside, analysts plainly believe Nikola is more favorable than Miller Industries.
Volatility & Risk
Miller Industries has a beta of 0.89, suggesting that its stock price is 11% less volatile than the S&P 500. Comparatively, Nikola has a beta of 0.92, suggesting that its stock price is 8% less volatile than the S&P 500.
Valuation and Earnings
This table compares Miller Industries and Nikola’s revenue, earnings per share (EPS) and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Miller Industries||$818.17 million||0.41||$39.11 million||N/A||N/A|
Miller Industries has higher revenue and earnings than Nikola.
Miller Industries Company Profile
Miller Industries, Inc., together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment. The company also provides transport trailers for moving various vehicles for auto auctions, car dealerships, leasing companies, and other related applications. It markets its products under the Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige, and Boniface brands. The company sells its products through independent distributors in the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa; and through prime contractors to governmental entities. Miller Industries, Inc. was founded in 1990 and is based in Ooltewah, Tennessee.
Nikola Company Profile
Nikola Corporation operates as an integrated zero emissions transportation systems provider. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The company also develops electric vehicle solutions for military and outdoor recreational applications. Nikola Corporation was founded in 2015 and is headquartered in Phoenix, Arizona.
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