Nikola (NKLAQ) Stock Price, News & Analysis

Company Overview

Nikola Corporation is a designer and manufacturer of zero-emission heavy-duty vehicles, energy storage systems and hydrogen fueling infrastructure. The company develops battery-electric and hydrogen fuel cell systems for medium- and heavy-duty trucks, aiming to reduce reliance on fossil fuels in the transportation sector. Core products include the Nikola Tre, a Class 8 battery-electric truck for North American and European markets, and the Nikola Two, a hydrogen fuel cell tractor designed for long-haul freight applications.

Founded in 2014 and named in homage to inventor Nikola Tesla, Nikola went public in June 2020 through a merger with special-purpose acquisition company VectoIQ. The company has since focused on scaling production capabilities and expanding its hydrogen ecosystem. In addition to vehicle development, Nikola designs and plans to operate a network of hydrogen production and dispensing stations, with initial pilot sites in the United States. The hydrogen stations leverage renewable power sources to produce green hydrogen through electrolysis, supporting customers’ sustainability goals.

Headquartered in Phoenix, Arizona, Nikola maintains engineering and assembly facilities in Coolidge, Arizona, and collaborates with strategic partners in Europe. A manufacturing partnership with Iveco in Ulm, Germany, enables localized production of the Nikola Tre for European customers. Nikola’s customer pipeline includes transportation and logistics firms, waste management services and other commercial fleets seeking to transition to clean energy solutions.

Leadership at Nikola is led by President and Chief Executive Officer Mark Russell, with Steve Girsky serving as Executive Chairman. The company continues to invest in research and development to enhance vehicle range and performance, while pursuing strategic alliances to accelerate deployment of its hydrogen infrastructure. Nikola aims to be a key player in the decarbonization of global freight transportation by delivering integrated, zero-emission solutions.

Key Stats

• Today's Range: $0.01 to $0.03
• 50-Day Range: $0.01 to $0.05
• 52-Week Range: $0.00 to $5.54
• Volume: 77,185 shs
• Average Volume: 95,786 shs
• Market Capitalization: $669.57 thousand
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $6.00
• Consensus Rating: Hold

Nikola Stock Analysis - MarketRank™

Nikola scored higher than 21% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Nikola has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Upside Potential

Nikola has a consensus price target of $6.00, representing about 54,445.5% upside from its current price of $0.01.

Amount of Analyst Coverage

Nikola has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Nikola is 0.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nikola is 0.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Nikola has a P/B Ratio of 0.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

15.64% of the outstanding shares of Nikola have been sold short.

Short Interest Ratio / Days to Cover

Nikola has a short interest ratio ("days to cover") of 55.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Nikola has recently decreased by 3.08%, indicating that investor sentiment is improving.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Nikola does not currently pay a dividend.

Dividend Growth

Nikola does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

15.64% of the outstanding shares of Nikola have been sold short.

Short Interest Ratio / Days to Cover

Nikola has a short interest ratio ("days to cover") of 55.9, which indicates bearish sentiment.

Change versus previous month

Short interest in Nikola has recently decreased by 3.08%, indicating that investor sentiment is improving.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

Search Interest

4 people have searched for NKLAQ on MarketBeat in the last 30 days.

MarketBeat Follows

11 people have added Nikola to their MarketBeat watchlist in the last 30 days. This is an increase of 267% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nikola insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.74% of the stock of Nikola is held by insiders.

Percentage Held by Institutions

Only 37.38% of the stock of Nikola is held by institutions.

NKLAQ Stock Analysis - Frequently Asked Questions

How have NKLAQ shares performed this year?

Nikola's stock was trading at $1.19 on January 1st, 2025. Since then, NKLAQ shares have decreased by 99.1% and is now trading at $0.0110.

How were Nikola's earnings last quarter?

Nikola Corporation (OTCMKTS:NKLAQ) issued its quarterly earnings data on Thursday, October, 31st. The company reported ($2.75) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.24) by $0.51. The company's revenue was up 1382.4% on a year-over-year basis.
Read the conference call transcript.

When did Nikola's stock split?

Nikola's stock reverse split on the morning of Tuesday, June 25th 2024.The 1-30 reverse split was announced on Tuesday, June 25th 2024. The number of shares owned by shareholders was adjusted after the closing bell on Tuesday, June 25th 2024. An investor that had 100 shares of stock prior to the reverse split would have 3 shares after the split.

How do I buy shares of Nikola?

Shares of NKLAQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Company Calendar

• Last Earnings: 10/31/2024
• Today: 10/05/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Auto/Tires/Trucks
• Industry: Auto Manufacturers
• Sub-Industry: Automobile Manufacturers
• Current Symbol: OTCMKTS:NKLAQ
• Previous Symbol: NASDAQ:NKLA
• CIK: 1731289
• Web: nikolamotor.com
• Phone: (480) 666-1038
• Fax: N/A
• Employees: 1,500
• Year Founded: 2015

Price Target and Rating

• Average Price Target for Nikola: $6.00
• High Price Target: $10.00
• Low Price Target: $4.00
• Potential Upside/Downside: +54,445.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $35.84 million
• Price / Sales: 0.02
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $16.24 per share
• Price / Book: 0.00

Miscellaneous

• Outstanding Shares: 60,870,000
• Free Float: 60,417,000
• Market Cap: $669.57 thousand
• Optionable: Optionable
• Beta: 2.10