Nkla stock price remains steady around $6

NKLA stock price remains steady around $6.29, reflecting a balance between buyers and sellers. Chart patterns hint at a possible ascending triangle formation, often resulting in bullish breakouts if supported by volume. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Nikola is rated Zacks Rank #3 (Hold). Nikola’s shares are trading at rock-bottom levels thanks to Chapter 11 bankruptcy and tough operating conditions, leaving investors exposed to serious downside risk. Hydrogen-powered heavy trucks still line up with global decarbonization goals, but Nikola’s operational stumbles, costly build-out, and stiff competition cast major doubt on any real turnaround. For high-risk investors, dipping in here is like buying a lottery ticket—there’s some hope a strategic buyer steps in, but the chances are slim and the risk of total loss is high. For those watching the hydrogen space, Nikola’s asset sales and infrastructure deals might be worth keeping tabs on, but owning the stock now is more of a speculative gamble than a sound investment. Investors are eyeing the EV sector trend, where stronger macro demand could boost Nikola’s delivery forecasts, potentially lifting valuations in the next quarter.