Should I buy Nic Asx shares in Australia in 2025?

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At HelloSafe, our expert has been tracking the performance of Nickel Industries (NIC.AX) for over three years. Every month, hundreds of thousands of users in Australia trust us to analyse market trends and identify the best investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In accordance with our ethical charter, we have never been, and will never be, compensated by Nickel Industries.

What Is Nic Asx?

Nic Asx Stock Price

The price of Nic Asx stock is rising this week. Currently, Nic Asx trades at A$0.73, with a 24-hour change of -0.68% and a positive weekly change of +1.39%. The company holds a market capitalization of A$3.19 billion and shows an average 3-month daily volume of 8.52 million shares. The P/E ratio is not applicable due to negative earnings, while the dividend yield reaches 5.80%, and the stock has a beta of 0.85. Investors should note the higher yield and moderate volatility, but be mindful of recent profitability challenges.

Our full analysis of the Nic Asx stock

We have comprehensively reviewed Nic Asx’s most recent financial results alongside an in-depth look at the stock’s performance over the past three years. By blending rigorous analysis of financial indicators, technical signals, market data, and sector peer trends through our proprietary valuation algorithms, we aim to shed new light on the fundamental and tactical case for this stock. So, why might Nic Asx stock once again become a strategic entry point into the battery metals and clean energy value chain in 2025?

Recent performance and market context

Nic Asx—Nickel Industries Limited—has navigated a turbulent twelve months marked by commodity volatility and evolving global supply chains. The share price currently sits at A$0.73, with a recent weekly gain of 1.39%, reflecting growing optimism after a year-long decline (-11.52%). Notably, the stock has begun stabilising, reversing its downward momentum from early 2024, as the sector regains investor favour amid recovering demand for nickel, especially in batteries and electric vehicles.

The broader macro context is turning increasingly constructive: global initiatives to accelerate electrification and decarbonisation are boosting demand for key battery metals, putting Australian producers—thanks to their operational standards and jurisdictional stability—at the heart of this new cycle. Recent sector news, including supply agreements with major EV manufacturers and steadier Asian demand, further underpin a shift in sentiment. Major recent events, like the company’s Annual General Meeting and new sustainability reporting, are reinforcing stakeholder confidence in Nic Asx’s commitment to ESG and growth.

Technical analysis

Nic Asx is displaying early bullish technical signals. With the RSI at 59.3, momentum is restoring from previously oversold levels toward a neutral bias, consistent with the emergence of fresh buy-side flows. The MACD, at 0.015, signals that short-term consolidation may be giving way to a new upward phase. Importantly, the share price sits above its 20-, 50-, and 100-day moving averages (A$0.711, A$0.664, A$0.653), underscoring a resurgence in medium-term trend support, although the longer-term 200-day MA (A$0.764) is still above, presenting a clear target for further upside.

Support at A$0.642 has proven robust throughout Q2 2025, while resistance at A$0.747 is now in close reach. Short-term price structure—with higher lows and the 52-week range narrowing (A$0.42–A$0.995)—signals a likely technical breakout, especially if volume accelerates into upcoming catalysts. Collectively, these technical factors suggest that Nic Asx may be entering a new bullish phase.

Fundamental analysis

Fundamentally, Nic Asx is positioned as a core Australian mid-cap in the battery metals supply chain. Despite a recent net loss (A$-272.42 million) reflecting non-cash impairments, the underlying business remains robust: revenue stands at A$2.82 billion with an EBITDA of A$450.61 million—a testament to strong operational efficiency in a demanding environment. While the current P/E is not meaningful due to negative earnings, recurring EBITDA strength, stable cash flows, and a sector-leading dividend yield of 5.8% demonstrate value for patient shareholders.

Nic Asx maintains strategic strengths that set it apart:

• A leading presence in nickel pig iron and high-grade nickel matte for stainless steel and EV battery manufacturers
• Vertical integration from mine to processing plants, focused primarily in Indonesia, representing a low-cost, high-volume production model
• Deep relationships with Asian offtakers and EV value chain partners, offering future revenue security

The company’s growth strategies focus on production expansion, efficiency gains, and capturing upside from the surging battery and EV demand backdrop. Recent sustainability disclosures affirm a commitment to ESG, enhancing long-term institutional appeal.

Volume and liquidity

Nic Asx boasts a consistent 3-month average daily trading volume of 8.52 million shares, reflecting high liquidity and a healthy mix of institutional and retail participation. The company’s float—4.34 billion shares—supports dynamic valuation and ample entry/exit flexibility, crucial for both active traders and long-term investors. All key market moves are efficiently absorbed, minimising slippage and confirming sustained market confidence in the stock’s future prospects.

The A$3.19 billion market capitalisation places Nic Asx among the most visible mid-cap industrials on the ASX, ensuring ample research coverage and attention from both domestic and international funds seeking exposure to the energy transition.

Catalysts and positive outlook

Looking ahead, several catalysts reinforce a positive outlook:

• Continued ramp-up of Indonesian operations, enabling increased volume sales at globally competitive costs
• Heightened demand for class 1 nickel from major EV OEMs, as they accelerate battery manufacturing and secure long-term supply
• Potential offtake and supply contracts, joint ventures, and strategic partnerships that diversify revenue streams
• Ongoing improvement in ESG credentials and disclosure, boosting access to institutional and ESG-themed capital
• A sector poised to benefit from any positive moves in nickel pricing, supported by policy tailwinds in both Asia and Western economies

Consensus amongst analysts remains constructive, with a consensus price target of A$0.95 signalling approximately 30% upside from current levels. The recent “Buy”/“Hold” balance (4:3) reflects both respect for cyclical risks and acknowledgment of the upside potential as market sentiment stabilises.

Investment strategies

Nic Asx seems to offer a range of attractive entry scenarios:

• Short-term: Tactical positions around key technical support (A$0.642), targeting resistance at A$0.747 and a potential run toward the crucial 200-day MA (A$0.764), which could act as a trigger for technical follow-through
• Medium-term: Building a core position ahead of Q2 and H1 2025 results (set for late July and August), with the prospect of renewed upward revisions should the company deliver on operational milestones or announce new offtake agreements
• Long-term: Participating in the multi-year structural demand shift toward energy transition materials, capturing steady dividends and the upside leverage to global supply chain transformation

For diversified portfolios, Nic Asx’s dividend yield and multi-market exposure may serve as attractive hedges against volatility in both the broader resources and tech-related segments.

Is it the right time to buy Nic Asx?

In sum, Nic Asx may be entering an inflection point where stabilising technicals, robust underlying operations, and sector tailwinds align to create a compelling buy-side opportunity. The fundamentals justify renewed interest, with further catalysts on the horizon, solid liquidity, strong dividend support, and exposure to surging battery metals demand.

For investors seeking well-placed exposure to Australia’s critical minerals and the accelerating electrification wave, Nic Asx seems to represent an excellent opportunity at current levels. The months ahead could see this stock transition from recovery to renewed leadership, with the combination of operational resilience and growth upside that defines the next generation of winners on the ASX.

Nic Asx stands out as a stock well worth strong consideration as the clean energy transition accelerates, offering the potential for both steady yield and significant capital appreciation in a market hungry for battery metals leadership.

How to Buy Nic Asx Stock in Australia

Buying Nic Asx stock online is straightforward and secure when you use a regulated Australian broker. Investors can choose between two main methods: spot buying (direct share ownership) or trading via CFDs, which allows exposure to price movements with leverage. Both options are available on modern trading platforms, making it easy to invest according to your strategy. For a side-by-side look at platforms and fees, see our broker comparison further down this page.

Spot buying

A cash or spot buy means you purchase Nic Asx shares directly on the ASX, becoming a part-owner of the company and earning dividends if paid. Typically, brokers charge a fixed commission per order, often ranging from $5–$15 AUD depending on the platform. Here’s a practical example:

Gain scenario

If the Nic Asx share price is $0.73 AUD, you can buy around 1,360 shares with a $1,000 stake, including a brokerage fee of around $5.

If the share price rises by 10%, your shares are now worth $1,100.

Result: +$100 gross gain, i.e. +10% on your investment.

Spot buying is ideal for those who prefer long-term investing and want direct ownership of a promising Australian stock.

Trading via CFD

CFD (Contract for Difference) trading allows you to speculate on Nic Asx’s price without owning the underlying shares. With CFDs, you can use leverage—say, 5x—so your $1,000 deposit gives you $5,000 in market exposure. Fees include the spread (difference between buy and sell price) and overnight financing if holding your position beyond a day.

Gain scenario

You open a CFD position on Nic Asx shares, with 5x leverage.

This gives you a market exposure of $5,000.

If the stock rises by 8%, your position gains 8% × 5 = 40%.

Result: +$400 gain, on a bet of $1,000 (excluding fees).

CFDs are suitable for active traders looking to benefit from short-term movements and who understand the risks of leverage.

Final advice

Before investing in Nic Asx shares, take time to compare broker fees, trading platforms, and account features, as costs and services can make a real difference. Ultimately, your choice between spot buying and CFDs will depend on your investment objectives, time horizon, and risk appetite. For details, our broker comparison further down the page will point you in the right direction.

Our 7 tips for buying Nic Asx stock

The latest news about Nic Asx

Nic Asx’s share price rises above key moving averages, signalling improving near-term technical momentum. During the last week, Nic Asx has traded above its 20, 50, and 100-day moving averages. This technical pattern is often interpreted as a positive market signal, showing growing buying interest and suggesting continued investor confidence in the company’s operational outlook.

The latest quarterly report confirms robust revenue and EBITDA despite headline net loss from non-cash impairment. For the last twelve months, Nic Asx delivered AUD 2.82 billion in revenue and AUD 450.61 million in EBITDA. Although the company posted a net loss, this was mainly due to a significant non-cash write-down, which does not impact ongoing cash generation or core operating performance.

Dividend yield remains an attractive feature, currently at 5.80%, supporting shareholder value. Despite industry volatility and a recent share price pullback, the company maintained a sizable dividend. While the yield is not franked, it is above average for sector peers, providing Australian investors with a notable income-stream amidst commodity and market uncertainties.

Strategic positioning in Indonesia reassures on long-term growth as global nickel demand accelerates. Nic Asx continues to benefit from its integrated asset portfolio in Indonesia, supporting production for both stainless steel and electric vehicle supply chains. The ongoing global transition to electric mobility and energy solutions remains a constructive backdrop for sustained demand.

Analyst consensus shifts to “Buy,” with 4 out of 7 recent recommendations rated positive on Nic Asx. Recent market updates highlight improved sentiment, as analysts point to company strengths in vertical integration and growth prospects tied to the expanding EV sector. Institutional updates and portfolio inflows further endorse the stock’s role in Australia’s resource sector over the medium term.

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.