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How to Buy Nikola Stock

Nikola Corp

Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy.

Nikola stock last closed at $0.55, down 1.61% from the previous day, and has decreased 21.99% in one year. It has underperformed other stocks in the Farm & Heavy Construction Machinery industry by 0.44 percentage points. Nikola stock is currently +5.57% from its 52-week low of $0.52, and -85.18% from its 52-week high of $3.71.

As of May 16, 2024, there are 1.36B shares of NKLA outstanding. The market value of NKLA is $746.10M. In the last 24 hours, 52.54M NKLA shares were traded.

How to Buy Nikola Stock

Not sure how to invest in Nikola stock? Here's how.
  1. Choose where to buy Nikola stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you choose where to buy Nikola stock.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Select your payment method and add your info.
  4. Research Nikola stock: The Nikola ticker symbol is NKLA. Is Nikola stock a good investment? Should you buy shares of NKLA? How do NKLA's underlying business fundamentals look? Do top analysts think Nikola is a good buy? Why has NKLA's stock price moved recently? (Hint: Our stock market analysis tools can help you figure out if NKLA is a good stock to buy).
  5. Make your NKLA buy order: Decide if you will purchase NKLA shares at the current market price or use a limit order to purchase NKLA stock at a specific price.
  6. Watch your NKLA position: Create a watchlist to get the latest news on your position in Nikola stock.

Step 1: Choose where to buy Nikola stock

You will need an online brokerage account in order to access the NASDAQ market and buy NKLA shares.

A brokerage account enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 2: Create a brokerage account

Now that you've selected the right brokerage, you need to fill out some personal information so you can buy NKLA today.

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  2. Enter your personal data to start a new brokerage account.
  1. Send your info by pressing the "Create Account" button.
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Step 3: Put funds into your brokerage account

Now that you've finished signing up on the highest rated stock app, you can securely and quickly fund your account:

Watch the tutorial below if you need help transferring funds into your investment account.

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Step 4: Research Nikola stock

Once you have figured out the best place to buy Nikola stock, it's very important to research their stock before you buy, so you truly comprehend the risk as well as the upside.

Nikola stock data

NKLA Price
$0.55
1w %
-4.51%
1y %
-21.99%
5y %
-94.53%
P/E
-0.56x
P/B
1.27x
P/S
22.92x
PEG
N/A
Revenue
$32.66M
Earnings
-$944.91M
Fore. Rev. Growth
249.67%
Fore. Earn. Growth
N/A
Market Cap
$746.10M
Next Earnings
N/A
Next Dividend
N/A

Nikola Overview

WallStreetZen was designed to help part-time investors perform better fundamental analysis in less time.

You can view all of the due diligence checks on NKLA's stock page.

What is the fair value of NKLA stock?

Investors use a variety of different financial metrics, analyses, models, and charts to gauge NKLA's fair value.

Using relative valuations metrics:

  • NKLA could be undervalued based on its P/B ratio of 1.27x, relative to Farm & Heavy Construction Machinery industry P/B ratio of 4.72x

You can do additional valuation research on NKLA's stock here.

NKLA Financial Health

Signs that NKLA is financially healthy:

  • There are more short-term assets than long-term liabilities on the NKLA balance sheet.
  • There are more short-term assets than short-term liabilities on the NKLA balance sheet.

Signs that NKLA is not financially healthy:

  • NKLA profit margin has gone down from -1,367.8% to -2,893.3% in the past year.
  • NKLA has cash burn of 516505000. It does not have enough cash and short-term investments to cover this.
  • NKLA has $378.25M in cash and short term investments. This is not sufficient to cover its annual cash burn of $516.51M.
  • Total NKLA debt is higher than 5 years ago, relative to shareholder equity.
  • NKLA has a relatively high debt to equity ratio of 0.97.

Do analysts think it's a good time to buy Nikola stock

Out of 2 sell side analysts who give ratings on NKLA, the consensus analyst rating on Nikola is a Buy

It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.

You can dig deeper into what analysts are saying on the Nikola stock forecast page.

NKLA Trading Indicators

SMA10
0.58
SMA20
0.6
SMA50
0.7
SMA100
0.72
SMA200
0.99
MACD
-0.05
MACD Signal
-0.05
MACD Histogram
0
RSI
36.65
Stochastic %K
16.99
Stochastic %D
15.41
StochRSI %K
30.07
StochRSI %D
25.33

NKLA Performance Metrics

Last year, NKLA revenue was $32.66M. Over the last 5 year, NKLA's revenue has gone up by 156.01% per year. This was faster than the Farm & Heavy Construction Machinery industry average of 6.22%.

You can analyze NKLA's earnings and revenue performance here.

Who is buying/selling NKLA?

In the past 12 months, executives and large shareholders at NKLA have sold more shares than they have bought.

Mary S. Chan, Chief Operating Officer of NKLA, was the latest NKLA insider to sell. They sold $16,770.99 worth of NKLA shares on Mar 5, 2024.

Research more about who owns NKLA stock here.

Does NKLA stock generate passive income?

No, Nikola doesn't provide an income stream by paying out dividends.

Get analysis from other investors

One of the reasons eToro is our top-rated brokerage is because of its social trading community.

Click below to see what other community members have to say.

Step 5: Make your NKLA buy order

There are two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best possible price.
    Market orders are usually sufficient.
  • Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
    If you want to be certain you're buying or selling at an exact price, use a limit order.

Click the Open button and your broker will execute the order.

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Step 6: Watch your NKLA position

Now that you own some NKLA stock, you'll want to keep up with your stock purchase.

Make a watchlist to track your NKLA stock.

NKLA Feed

How to Buy Stock in Nikola

To reiterate, here are the 6 steps to buy Nikola stock:

  1. Choose where to buy Nikola stock
  2. Create a brokerage account
  3. Put funds into your brokerage account
  4. Research Nikola stock
  5. Make your NKLA buy order
  6. Watch your NKLA position

If you are looking for a place to buy stocks, eToro is our recommended option.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get updates on your new investment in Nikola, create your watchlist below.

NASDAQ: NKLA
$0.55-0.01 (-1.61%)
Updated May 16, 2024
Open eToro Account
NASDAQ: NKLA
$0.55-0.01 (-1.61%)
Updated May 16, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nikola share?

As of May 16, 2024, it costs $0.55 to buy one share of Nikola stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.28, you can buy 0.5 shares of NKLA.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nikola stock?

According to 2 Wall Street analysts who monitor Nikola, their consensus recommendation is to buy Nikola stock.

What is the best way to buy Nikola stock?

One way to place an order for Nikola stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.