NIKE Inc. (NYSE:NKE) went down by -6.26% from its latest closing price compared to the recent 1-year high of $174.38. The company’s stock price has collected -4.37% of loss in the last five trading sessions. MarketWatch.com reported on 09/25/21 that Supply-chain problems trip up Nike earnings, but analysts expect sports-gear giant to regain footing
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 39.74 x from its present earnings ratio. Plus, the 36-month beta value for NKE is at 0.87. Opinions of the stock are interesting as 21 analysts out of 29 who provided ratings for NIKE Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $184.35, which is $34.54 above the current price. NKE currently public float of 1.27B and currently shorts hold a 0.93% ratio of that float. Today, the average trading volume of NKE was 6.33M shares.
NKE’s Market Performance
NKE stocks went down by -4.37% for the week, with a monthly drop of -11.92% and a quarterly performance of -3.08%, while its annual performance rate touched 19.91%. The volatility ratio for the week stands at 1.80% while the volatility levels for the past 30 days are set at 1.71% for NIKE Inc.. The simple moving average for the period of the last 20 days is -7.25% for NKE stocks with a simple moving average of 3.02% for the last 200 days.
Analysts’ Opinion of NKE
UBS, on the other hand, stated in their research note that they expect to see NKE reach a price target of $185, previously predicting the price at $170. The rating they have provided for NKE stocks is “Buy” according to the report published on June 25th, 2021.
Telsey Advisory Group gave a rating of “Outperform” to NKE, setting the target price at $180 in the report published on June 25th of the current year.
NKE Trading at -9.41% 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 -14.22% of loss for the given period.
Volatility was left at 1.71%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares sank -10.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.48% lower at present.
During the last 5 trading sessions, NKE fell by -4.37%, which changed the moving average for the period of 200-days by +7.53% in comparison to the 20-day moving average, which settled at $160.41. In addition, NIKE Inc. saw 5.74% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NKE starting from Campion Andrew, who sale 7,125 shares at the price of $171.50 back on Aug 05. After this action, Campion Andrew now owns 98,739 shares of NIKE Inc., valued at $1,221,938 using the latest closing price.
Friend Matthew, the EVP: CFO of NIKE Inc., sale 3,546 shares at $171.50 during a trade that took place back on Aug 05, which means that Friend Matthew is holding 66,479 shares at $608,139 based on the most recent closing price.
Stock Fundamentals for NKE
Current profitability levels for the company are sitting at:
- +16.03 for the present operating margin
- +44.74 for the gross margin
The net margin for NIKE Inc. stands at +12.87. The total capital return value is set at 30.58, while invested capital returns managed to touch 25.18. Equity return is now at value 30.80, with 9.70 for asset returns.
Based on NIKE Inc. (NKE), the company’s capital structure generated 100.36 points at debt to equity in total, while total debt to capital is 50.09. Total debt to assets is 33.95, with long-term debt to equity ratio resting at 96.69. Finally, the long-term debt to capital ratio is 48.26.
When we switch over and look at the enterprise to sales, we see a ratio of 4.92, with the company’s debt to enterprise value settled at 0.06. The receivables turnover for the company is 12.34 and the total asset turnover is 1.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.72.