Is a Correction Looming Ahead for NIKE Inc. (NKE)

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NIKE Inc. (NYSE:NKE) changed by 0.00% from its latest closing price compared to the recent 1-year high of $130.38. The company’s stock price has collected 1.94% of gains in the last five trading sessions. MarketWatch.com reported on 10/03/20 that Here are the biggest winners in a solid third quarter for U.S. stocks

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Is It Worth Investing in NIKE Inc. (NYSE :NKE) Right Now?

NIKE Inc. (NYSE:NKE) scored a price-to-earnings ratio above its average ratio, recording 75.56 x from its present earnings ratio. Plus, the 36-month beta value for NKE is at 0.81. Opinions of the stock are interesting as 24 analysts out of 31 who provided ratings for NIKE Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $146.10, which is $16.0 above the current price. NKE currently public float of 1.24B and currently shorts hold a 0.89% ratio of that float. Today, the average trading volume of NKE was 6.62M shares.

NKE’s Market Performance

NKE stocks went up by 1.94% for the week, with a monthly jump of 8.42% and a quarterly performance of 26.70%, while its annual performance rate touched 37.32%. The volatility ratio for the week stands at 2.12% while the volatility levels for the past 30 days are set at 2.62% for NIKE Inc.. The simple moving average for the period of the last 20 days is 6.29% for NKE stocks with a simple moving average of 29.31% for the last 200 days.

Analysts’ Opinion of NKE

Many brokerage firms have already submitted their reports for NKE stocks, with Deutsche Bank repeating the rating for NKE by listing it as a “Buy.” The predicted price for NKE in the upcoming period, according to Deutsche Bank is $151 based on the research report published on September 23rd of the current year 2020.

Wells Fargo, on the other hand, stated in their research note that they expect to see NKE reach a price target of $135, previously predicting the price at $110. The rating they have provided for NKE stocks is “Overweight” according to the report published on September 23rd, 2020.

Wedbush gave a rating of “Outperform” to NKE, setting the target price at $142 in the report published on September 23rd of the current year.

NKE Trading at 14.45% from the 50-Day Moving Average

After a stumble in the market that brought NKE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.87% of loss for the given period.

Volatility was left at 2.62%, however, over the last 30 days, the volatility rate increased by 2.12%, as shares surge +12.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.83% upper at present.

During the last 5 trading sessions, NKE rose by +1.94%, which changed the moving average for the period of 200-days by +27.08% in comparison to the 20-day moving average, which settled at $119.84. In addition, NIKE Inc. saw 25.00% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NKE starting from PARKER MARK G, who sale 95,000 shares at the price of $125.17 back on Sep 28. After this action, PARKER MARK G now owns 1,423,635 shares of NIKE Inc., valued at $11,891,150 using the latest closing price.

Campion Andrew, the CHIEF OPERATING OFFICER of NIKE Inc., sale 80,000 shares at $125.58 during a trade that took place back on Sep 28, which means that Campion Andrew is holding 128,290 shares at $10,046,400 based on the most recent closing price.

Stock Fundamentals for NKE

Current profitability levels for the company are sitting at:

  • +7.40 for the present operating margin
  • +42.47 for the gross margin

The net margin for NIKE Inc. stands at +6.79. The total capital return value is set at 16.49, while invested capital returns managed to touch 15.44. Equity return is now at value 48.40, with 15.60 for asset returns.

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Based on NIKE Inc. (NKE), the company’s capital structure generated 161.58 points at debt to equity in total, while total debt to capital is 61.77. Total debt to assets is 41.53, with long-term debt to equity ratio resting at 152.94. Finally, the long-term debt to capital ratio is 58.47.

When we switch over and look at the enterrpise to sales, we see a ratio of 4.31, with the company’s debt to enterprise value settled at 0.08. The receivables turnover for the company is 10.66 and the total asset turnover is 1.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.

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