Nikola Corporation (NKLA) Stock Forecast & Price Prediction 2024, 2025, 2030, 2040, and 2050
Find Nikola Corporation (NKLA) short-term stock forecasts for 2024 by month and long-term price predictions for 2024 to 2050. View past performance, analyst Buy, Sell or Hold ratings, and the latest NKLA stock news and headlines.
1 Month Prediction
$3.20 [0.00%]
3 Month Prediction
$1.00 [-68.80%]
6 Month Prediction
$1.00 [-68.80%]
1 Year Prediction
$1.00 [-68.80%]
3 Year Prediction
$1.00 [-68.80%]
5 Year Prediction
$1.00 [-68.80%]
About Nikola Corporation
Nikola Corporation is an American company that designs and manufactures battery-electric and hydrogen fuel cell electric trucks. Established in 2015 and based in Phoenix, Arizona, the company aims to revolutionize the trucking industry with zero-emission transportation solutions.
In June 2020, Nikola went public via a reverse merger with VectoIQ Acquisition Corporation (VTIQ), a publicly traded special purpose acquisition company (SPAC), achieving an enterprise valuation of $3.3 billion. You can find Nikola’s stock on the NASDAQ under the ticker NKLA.
The company delivered over 250 Tre BEV trucks in 2022, and plans to deliver up to 350 Tre BEV trucks by the end of 2023, with a goal of 500 trucks by 2024.
Nikola Corporation (NKLA) Historical Performance
IPO Date
Nikola Corporation (NASDAQ:NKLA) went public on 04 June, 2020.
Change
Since inception, NKLA has decreased by 98.88%. In the last 5 years, NKLA has fallen from $309.60 to $3.20, a massive -98.96% decrease since 2019.
Historical Highs and Lows
In the past 5 years, the stock reached a high of $2025.90 and a low of $3.20.
52 Week Range
$2.91
$34.8
The current price $3.21 is not near the 52-week extremes, which means that the stock is neither overbought nor underbought.
NKLA Stock Price History
Based on NKLA stock's historical price data, this table shows how the stock has performed in the last 6 years. Since 2018, the NKLA stock has fallen from $297.0 - $309.6 to $3.2 - $31.2, which is down -95.46%. Currently, the stock follows downward trend.
Here, we have calculated stock range of NKLA, indicating the highs and lows for each year, the average price based on the daily closing prices each year, and the change% from the average price.
| Year | Stock Price | Avg Price | Change% | Year Change |
|---|---|---|---|---|
| 2019 | $297.0 - $309.6 | $303.93 | 4.44 | 1 Year Change |
| 2020 | $310.2 - $2025.9 | $715.25 | 145.79 | 2 Year Change |
| 2021 | $296.1 - $692.7 | $411.33 | 41.35 | 3 Year Change |
| 2022 | $64.8 - $321.3 | $173.27 | -40.46 | 4 Year Change |
| 2023 | $18.72 - $81.3 | $43.44 | -85.07 | 5 Year Change |
| 2024 | $3.2 - $31.2 | $13.22 | -95.46 | 6 Year Change |
NKLA Price Performance
6-Month Performance
NKLA stock dropped by 60.87% in the last six months.
1-Year Performance
The stock has trended downwards by 87.79% in the past year.
3-Year Performance
In the last 3 years, the stock has plummeted by 98.92%.
5-Year Performance
In the last 5 years, the stock has gone down by 98.96%.
According to Nikola Corporation's historical data, below graph gives us the exact picture of how the NKLA stock has performed year-over-year. Here, Each bar on the graph represents a particular year that illustrates how the stock's price changed from one year to the next.
YoY Performance
In the last five years, the stock has shown positive growth in 2 years and a decline in 3 years.
2019
6.39% ↑
2020
47.87% ↑
2021
35.32% ↓
2022
78.12% ↓
2023
59.49% ↓
NOTE: Green bars indicate that the stock has risen compared to the previous year, while red bars show that the stock has fallen.
Nikola Corporation (NKLA) Financials & Stock Analysis
Total Revenue
Quarterly Revenue: $25.18 M (Q3)
Revenue for Q3 ending 30th September, 2024 decreased 19.60% compared to Q2 ending 30th June, 2024.
Annual Revenue: $75.53 M (1Y)
Revenue for trailing 12 months increased 110.75% year over year from 31st December, 2023.
Market Capitalization
Nikola Corporation has a market capitalization of $195.08M, which places NKLA in the micro-cap category.
Fundamental Analysis
EPS: $-3.89 (Q3), $-36.30 (1Y)
EPS increased 36.01% since last quarter, and decreased 32.02% since last year.
Net Income: $-199.78 M (Q3), $-966.28 M (1Y)
Net Income increased 49.45% since last quarter, and increased 23.21% since last year.
Free Cash Flow: $-162.94 M (Q3), $-616.69 M (1Y)
Free Cash Flow increased 9.89% since last quarter, and decreased 17.75% since last year.
Net Profit Margin: -793.38% (Q3), -1279.35% (1Y)
Net Profit Margin increased 85.88% since last quarter, and decreased 41.53% since last year.
Below, we have listed 12 key indicators for Fundamental analysis for NKLA stock. These indicators help you understand Nikola Corporation's financial health, earnings and growth potential, and make a decision if the stock is a good long-term investment or not.
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Technical Analysis
Here, we have listed 5 key indicators for Technical Analysis for NKLA stock. These indicators help investors study past price movements and trading volumes to forecast future price changes, and find the right time when to buy, sell or hold the stock.
| Technical Indicators | Value |
|---|---|
| SMA20 | $3.88 |
| SMA50 | $4.54 |
| SMA200 | $13.23 |
| RSI | 37.06 |
| Beta | 2.08 |
SMA20 > Current Price
This signals NKLA stock is in short-term bearish momentum.
SMA50 > Current Price
This signals NKLA stock is in mid-term bearish momentum.
SMA200 > Current Price
This signals NKLA stock is in long-term bearish momentum.
Sentiment Based on Technical Analysis
Based on 8 technical analysis indicators, the overall sentiment for NKLA stock is Bearish. Out of all indicators, 2 indicates bullish signals, 5 signals bearish trends and 2 gives neutral trends. The NKLA stock forecast was last updated on 11 November, 2024.
Nikola Corporation (NKLA) Stock Price Prediction and Forecast
According to short-term forecast, the stock is expected to rise to $3.21 by the end of 2024, and can reach around $1.45 to $0.80 in 2025. And, the long-term forecast suggests that the stock may further drop to $0.93 - $0.71 in 2027, and $0.60 - $0.14 by 2030. So, the NKLA stock shows a strong upward trend in the next several years.
Short-term NKLA Stock Price Prediction & Forecast
| Date | Forecasted Price | Change% |
|---|---|---|
| 2024-12 | $3.21 | 0.16% |
In 2024, the NKLA stock price is expected to fluctuate between $3.2 and $3.2. According to the monthly forecast, the stock could rise to $3.21 by December 2024. If compared to the NKLA's current price, the stock could gain 0.16% by the end of this year.
Long-term NKLA Stock Price Prediction & Forecast
| Year | Year Start | Year Mid | Year End | Change% |
|---|---|---|---|---|
| 2025 | $1.45 | $0.91 | $0.80 | -75.04% |
| 2026 | $1.44 | $0.88 | $0.71 | -77.85% |
| 2027 | $0.93 | $0.93 | $0.71 | -77.85% |
| 2028 | $0.60 | $0.70 | $1.18 | -63.18% |
| 2029 | $0.43 | $1.50 | $1.60 | -50.08% |
| 2030 | $0.60 | $1.19 | $0.14 | -95.63% |
| 2031 | $1.18 | $0.56 | $1.17 | -63.49% |
| 2032 | $0.52 | $1.18 | $0.35 | -89.08% |
| 2033 | $0.83 | $1.27 | $0.77 | -75.98% |
| 2034 | $2.25 | $0.58 | $0.23 | -92.82% |
| 2035 | $0.28 | $0.84 | $1.16 | -63.81% |
| 2036 | $1.14 | $1.57 | $0.55 | -82.84% |
| 2037 | $2.03 | $1.02 | $1.25 | -61.0% |
| 2038 | $1.33 | $0.90 | $1.52 | -52.57% |
| 2039 | $0.55 | $1.21 | $1.07 | -66.61% |
| 2040 | $1.22 | $1.59 | $1.54 | -51.95% |
| 2041 | $0.73 | $0.53 | $0.17 | -94.7% |
| 2042 | $0.71 | $2.06 | $0.65 | -79.72% |
| 2043 | $1.44 | $0.61 | $0.41 | -87.21% |
| 2044 | $1.54 | $1.74 | $0.51 | -84.09% |
| 2045 | $0.89 | $1.19 | $1.25 | -61.0% |
| 2046 | $0.64 | $0.93 | $0.33 | -89.7% |
| 2047 | $1.30 | $1.11 | $1.13 | -64.74% |
| 2048 | $0.89 | $1.38 | $0.60 | -81.28% |
| 2049 | $0.96 | $-0.15 | $1.03 | -67.86% |
| 2050 | $0.93 | $1.50 | $1.13 | -64.74% |
Nikola Corporation (NKLA) Stock Price Prediction & Forecast 2024 - 2025
At the start of 2024, the NKLA stock was at $22.41. Today, it is trading at $3.20, which is -85.70% decrease from price at the beginning of the year. By the end of this year, you can expect the stock to reach to $3.21 by December 2024 with a 0.16% change.
In early 2025, the NKLA price is expected to descend from $3.21 to $1.45, a change of -54.61% from the current price. By mid-2025, the stock may move down by -37.24% on $0.91 and end the year at $0.80, which is -74.90% compared to today's price.
Nikola Corporation (NKLA) Stock Price Prediction & Forecast 2026 - 2030
In the next five years, there will be a significant depreciation in the NKLA stock. During this period, the NKLA's price is forecasted to shift from $1.44 to $0.14, which is -90.28% loss.
In 2026, the stock would possibly open at $1.44, descends to $0.88 by mid-year, and wraps up at $0.71, reflecting a decrease from today's price. Further moving to 2030, the stock can kick off the year at $0.60, drop to $1.19 by mid-year, and finish at $0.14, which is -95.77% change from current price.
Nikola Corporation (NKLA) Stock Price Prediction & Forecast 2031 - 2040
During this period, the stock would move from $1.18 to $1.54, which is up -63.37%
In 2031, we can expect NKLA to fluctuate between $1.17 and $1.18, a shift indicating a -63.37% loss by year-end compared to current price. And Until 2040, NKLA can likely vary from $1.22 to $1.54. By the end of 2040, the stock could record a -51.88% fall from today's stock price.
Nikola Corporation (NKLA) Stock Price Prediction & Forecast 2041 - 2050
According to long-term forecast, the NKLA stock can see an an upturn from $0.73 to $1.13 in this period. In 2041, the stock can experience a low of $0.53 by mid-year, closing the year at $0.17. This results in a -83.35% decrease from today.
Moving towards the end of 2050, NKLA is projected to open the year at $0.93. The stock may peak to $1.50 during mid-year and finish the year at $1.13. Compared to the stock's current price, this translates to an overall loss of -64.75% by 2050.
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NKLA : Buy, Sell Or Hold?
Analyst Ratings
Sorry, No analyst ratings available for this stock.Expert Analysis
According to NKLA short-term and long-term forecast, Nikola Corporation shares are projected to go down by 64.74%, and reach a value of $1.13 per share by 2050.
As per technical analysis, indicators show a Bearish sentiment, while Fear & Greed Index stands at 28.571428571428573, which signals Fear. Also, NKLA has recorded 7/30 green days, which reflects a 33.33333333333333% positivity rate with a price volatility of 0.08%.
Plus, Price-to-Earnings (P/E) ratio of 0 suggests that NKLA stock is undervalued. So, Based on NKLA prediction and analysis, it may be the best time to sell NKLA stock right now.
Disclaimer: Stock predictions, forecasts and price targets provided for "NKLA” are solely for informational and educational purposes and should not be treated as investment or financial advice. Always conduct your own research or consider consulting with a financial advisor before making any investment decisions.