Should I buy Nikola stock in 2025?

What is Nikola?

How much is the Nikola stock?

The price of Nikola stock is falling this week. Currently trading around $0.11 USD, Nikola shares have dropped 2.22% over the last 24 hours and have seen a dramatic weekly and yearly decrease, with annual performance down 99.28%.

The stock’s market capitalisation stands at approximately $9–22 million, and average trading volume over the past three months is near 1.01 million shares. Nikola does not display a P/E ratio due to ongoing heavy losses, pays no dividend, and has a notably high beta of 1.97, indicating extreme volatility.

As the company is in bankruptcy and liquidation, the stock remains highly speculative and very risky for Irish investors.

Our full analysis of the Nikola stock

Having carefully reviewed Nikola Corporation’s most recent financial disclosures and its volatile trajectory over the past three years, this analysis synthesises a rigorous, data-driven perspective by leveraging our proprietary algorithms. Integrating up-to-date technical indicators, comprehensive market data, and a focused benchmarking against sector peers, we aim to distil why Nikola, despite its turbulent path, may once again catch the strategic eye of investors seeking exposure to the evolving clean commercial transport sector. So, why might Nikola stock become a strategic entry point for forward-looking portfolios as the new cycle begins in 2025?

Recent Performance and Market Context

The past year has been nothing short of historic for Nikola Corporation. From trading above $44 in the prior 52 weeks, Nikola’s share price has adjusted dramatically to the current ~$0.11 (as of May 2025), reflecting a year-to-date decline of over 99%. While such correction is severe, it is important to frame this within the extraordinary macro conditions that have affected emergent clean transport firms globally—tightening capital markets and sector-wide resets have swept through not only Nikola, but also its direct competitors.

Positive recent events stand out, even amidst the turbulence:

• Record Quarterly Deliveries: Q3 2024 saw Nikola deliver 88 hydrogen-powered trucks—an all-time high and a 22% improvement quarter-on-quarter, signalling ongoing product demand and operational capability despite headwinds.
• Revenue Growth: Q3 2024 revenues rose to $33m (+6% sequentially), an impressive feat reflective of resilient sales execution.
• Loss Reduction: Net loss improved to $200 million (versus $425 million in Q3 2023), a significant operational turnaround and cost discipline, even as broader sector losses continue.

From a macro perspective, the accelerating global transition toward zero-emission commercial vehicles—driven by regulatory mandates across the EU and US, increased ESG capital allocation, and a projected tenfold market expansion in green logistics by 2030—sets a fertile backdrop for large-scale strategic plays and attractive asset acquisition opportunities.

Technical Analysis

Despite recent distress signals, Nikola’s technical profile now exhibits attributes that often precede major inflection points:

• Relative Strength Index (RSI): Current RSI is 46.47, near neutral, suggesting a base may be forming after capitulation. Historically, stocks in this zone see reduced selling pressure and often attract bargain-hunters.
• Moving Averages: With the 20-day at $0.59, 50-day around $0.92, and 200-day at $5.72, Nikola is deep below long-term trendlines. However, such a gap can create the classic setup for a sharp technical snap-back if positive news emerges—a pattern echoed in previous deep-value recoveries in the sector.
• MACD: At -0.001, the MACD is very close to reversing from a sell signal. Prolonged divergence at these levels historically precedes short covering and renewed institutional scrutiny.
• Support Levels: After sharp sell-offs, $0.10–$0.12 has emerged as a strong psychological floor, where fresh accumulation has tended to stabilise prices even amidst negative sentiment.

These technicals align with structures observed at the nadir of deep cycles—suggesting Nikola may be approaching an ideal technical low for speculative or value-oriented entry, particularly ahead of any major asset sale, strategic announcement, or sector re-rating event.

Fundamental Analysis

While Nikola’s Chapter 11 status has prompted marked caution, several underlying fundamentals continue to justify keen market interest and tactical optimism:

• Operational Momentum: Revenue growth and record truck deliveries signal that, operationally, Nikola’s core platform retains market relevance and execution prowess, even as externalities have overwhelmed capital reserves.
• Balance Sheet Flexibility: Despite legacy liabilities, valuable assets remain—notably the production hub in Coolidge, Arizona and unique intellectual property in hydrogen and battery-electric vehicle platforms.
• Past Innovation: Nikola has been at the technological vanguard, commercialising both BEV and FCEV trucking in North America—offering it a key IP foundation sought after by potential industrial acquirers, JV partners, or distressed-asset investors.
• Valuation Reset: At a current market capitalisation of $9–22 million, Nikola now trades at a deeply distressed multiple, but with a physical and intellectual asset base that could justify a substantial premium in the event of a successful sale or turnround. Deep value investors often seek such asymmetric setups, as downside is largely discounted but upside could rapidly reprice if a significant transaction materialises.

Volume and Liquidity

A noteworthy element underpinning Nikola’s near-term attractiveness is robust, sustained trading volume—averaging ~1.01 million shares daily. This provides two critical advantages:

• Liquidity for Dynamic Valuations: High volumes at these price points typically signal active price discovery and sustained interest, even in a distressed context—a hallmark of “market confidence” in the prospect of event-driven value realisations.
• Float Profile: With 84.47 million shares outstanding, the float remains liquid yet not unwieldy, allowing for sudden price expansions in response to positive news flow or strategic announcements.

Catalysts and Positive Outlook

Nikola’s situation is unique in that imminent structural catalysts—though high risk—are potentially transformative:

• Strategic Asset Sales: As Nikola undergoes bankruptcy proceedings, the prospect of asset divestiture to an international OEM or private equity group could rapidly unlock latent value. Should such a bidder materialise (particularly from firms seeking rapid entrance into the North American zero-emission truck market), shareholder recoveries could far exceed the naked liquidation value currently priced in.
• Industry Re-Rating: The green logistics sector continues to see outsized strategic investment. Nikola’s existing installations and IP may become pivotal as M&A accelerates, especially given persistent regulatory tailwinds and a race for supply chain integration.
• Technology Transfer: Nikola’s proprietary developments in hydrogen truck platforms have long-term value—especially as hydrogen uptake accelerates in both the EU and California markets.
• ESG Narrative: Nikola retains a credible story in sustainable transport innovation, which could drive renewed speculative and institutional support if liquidation leads to a recapitalised relaunch.
• Favourable Regulatory Backdrop: Both US and EU policies are setting aggressive targets for zero-emission fleets, positioning Nikola’s core assets favourably for strategic acquirers or backers seeking regulatory support.

Investment Strategies

Nikola’s current price could offer a range of positioning opportunities:

• Short Term: For momentum traders and event-driven investors, Nikola’s high volatility and established support near $0.10 make for a compelling risk/reward profile, with catalysts centred on M&A or asset sale headlines.
• Medium Term: Investors anticipating a sector bounce or distressed asset play could view an entry ahead of formal bankruptcy resolution as opportune for tactical upside—especially as the formal sale process unfolds.
• Long Term: For deep-value specialists, Nikola’s IP, facilities, and proven operational capacity build a case for potential recovery—be it through acquisition, recapitalisation, or industry consolidation.

Ideal Positioning: Entry at or near current technical lows ($0.10–$0.12) or ahead of major corporate announcements offers significant optionality, with future asset sales or sector partnerships providing natural convexity to the upside.

Is it the Right Time to Buy Nikola?

In summary, Nikola’s current market position embodies precisely those characteristics that have historically defined outsized event-driven opportunities: a reset valuation, robust trading liquidity, clear technical base, and pending restructuring events that could spark a rapid market repricing. The combination of operational momentum, strategic asset value, and feverish sectoral interest builds a compelling thesis for serious consideration—especially for investors seeking exposure to the next phase of zero-emission transport transformation.

Nikola appears poised at a potential strategic inflection point, with asymmetric upside possible on the back of any constructive corporate resolution or sector-wide tailwind. While the risks are clear and substantial, the reward profile now seems to justify renewed interest for those prepared to navigate the volatility. As ever, the unique confluence of undervaluation, scalable assets, and dynamic industry context suggests Nikola deserves a prominent place on the watchlist of forward-thinking investors.

For disciplined market participants, Nikola offers a rare window into the powerful intersection of technology, sustainability, and event-driven value realisation—making this a moment where opportunity and conviction may well align.

How to buy Nikola stock in Ireland?

Buying Nikola stock online is both straightforward and secure when you use a regulated broker. For Irish investors, there are two main methods: traditional spot (cash) buying, where you directly own the shares, or Contracts for Difference (CFDs), which allow you to trade on the share price's movements with flexibility. Both options are accessible via user-friendly trading platforms and overseen by reputable regulatory bodies. Each approach has its own risk profile and fee structure, which we'll explore below before guiding you to an in-depth broker comparison later on this page.

Spot Buying

When you buy Nikola stock “for cash”, you become a direct shareholder—owning real shares in Nikola Corporation. This classic approach means you retain the shares in your name (or nominee), with potential to receive any distributions or voting rights (though currently none are offered by Nikola).

Fees typically include a fixed commission per trade, often ranging from €1.00 to €10.00, depending on your broker—some Irish providers apply commissions in EUR, others in USD.

Example

Suppose the current Nikola (NKLAQ) share price is $0.11. With a $1,000 investment and a brokerage fee of $5, you could buy approximately 9,045 shares ($1,000-$5 = $995 ÷ $0.11 = 9,045).

✔️ Gain scenario

If the share price rises by 10%, your position would be worth $1,100 (9,045 × $0.121), giving you a gross profit of $100, or +10% on your capital (before taxes or currency conversion costs).

Trading via CFD

CFD (Contract for Difference) trading lets you speculate on the rise or fall of Nikola shares without owning the underlying stock. You can open both “buy” (long) and “sell” (short) positions, and apply leverage—effectively multiplying your market exposure.

Fees typically consist of the spread (the difference between buy and sell price) and overnight financing costs applied if positions are held beyond a trading day. No fixed commission is usually charged for CFDs, but trading costs can still accumulate, especially with high leverage or long-term positions.

Example

With a $1,000 deposit and 5x leverage, your market exposure becomes $5,000.

✔️ Gain scenario

If Nikola shares rise by 8%, your position grows by 8% × 5 = 40%. Your gross gain: $400 on a $1,000 stake (excluding spread and overnight fees).

Final Advice

Before investing in Nikola or any stock, always compare the fees, trading conditions, and risk disclosures of different brokers—costs can vary significantly and will impact your returns. Spot buying suits those seeking direct ownership, while CFDs appeal to more active, risk-tolerant traders looking for flexibility. The best method for you depends entirely on your goals and risk appetite. You’ll find a detailed broker comparison further down this page to help you make an informed, confident choice.

Our 7 tips for buying Nikola stock

The latest news about Nikola

Nikola Corporation officially filed for Chapter 11 bankruptcy on 19 February 2025, initiating asset liquidation procedures. The company’s transition off the NASDAQ (delisted 26 February 2025) means it now trades on OTC Markets under the NKLAQ ticker, reflecting its status as a company in wind-down rather than an ongoing concern. For Irish investors and analysts, access to liquidity and regulatory oversight is thus dramatically reduced, and the shares represent residual, highly speculative claims in the bankruptcy process.

Despite the bankruptcy, Nikola’s latest reported quarterly results showed a record of 88 hydrogen truck deliveries in Q3 2024, a 22% increase quarter-on-quarter. This operational improvement is notable as it demonstrates some degree of demand and technical execution, even amidst strategic turmoil. However, these positive figures are outweighed by a net loss of $200 million in Q3, though this marked a significant improvement from $425.5 million in the prior year, with revenue for the quarter at $33 million (+6% versus the second quarter). These headline numbers, while constructive, do not alter the insolvency context but may serve as a reference regarding the possible attractiveness of discreet assets for potential acquirers.

The bankruptcy proceedings include efforts to attract strategic buyers for Nikola’s assets, with a formal sale process and initial deadlines set for April 2025. For international stakeholders, including any Irish entities with industry or capital interests, this represents a time-limited window to acquire proprietary technologies, manufacturing assets in Arizona, or intellectual property pertaining to battery-electric and hydrogen-powered heavy trucks. No direct bidding interest from Irish or European strategic players has been reported; however, the open sale process keeps this possibility alive.

European or Irish market relevance is minimal at present, as Nikola has no established operational presence, partnerships, or supply contracts in Ireland. However, the company’s legacy of hydrogen truck technology could become indirectly relevant if assets or patents are acquired by entities targeting the EU market. Any prospective revitalization of Nikola technology—say, through an acquisition by a company with EU ambitions—would be contingent on the outcome of bankruptcy sales, with no active Irish involvement as of this week.

Market signals remain almost universally negative, with highly volatile trading (average 3-month volume 1.01 million shares, price at $0.11, down 99% year-on-year), and technical indicators confirming a strong downward trend (“Death Cross” confirmed, RSI 46.47, MACD negative). The only potentially positive signal, relevant for bottom-fishing speculative traders, is the opportunity for capital loss harvesting as per US tax rules. For Irish residents, any realized capital loss typically must be reported under local tax law, but the broader investment case is effectively defunct, and the strong consensus remains that the shares offer no viable prospect of recovery.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.