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Is There a Dimmer Outlook Ahead for NIKE Inc. (NKE)?

NIKE Inc. (NYSE:NKE) went down by -1.24% from its latest closing price compared to the recent 1-year high of $179.10. The company’s stock price has collected -6.59% of loss in the last five trading sessions. MarketWatch.com reported on 08/25/22 that How Kobe Bryant made his $600 million fortune — and who is in charge of it now?

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 26.27 x from its present earnings ratio. Plus, the 36-month beta value for NKE is at 1.03. Opinions of the stock are interesting as 17 analysts out of 35 who provided ratings for NIKE Inc. declared the stock was a “buy,” while 6 rated the stock as “overweight,” 11 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $128.87, which is $32.53 above the current price. NKE currently public float of 1.25B and currently shorts hold a 1.15% ratio of that float. Today, the average trading volume of NKE was 7.01M shares.

NKE’s Market Performance

NKE stocks went down by -6.59% for the week, with a monthly drop of -10.96% and a quarterly performance of -8.75%, while its annual performance rate touched -37.40%. The volatility ratio for the week stands at 2.97% while the volatility levels for the past 30 days are set at 2.73% for NIKE Inc. The simple moving average for the period of the last 20 days is -8.10% for NKE stocks with a simple moving average of -22.49% for the last 200 days.

Analysts’ Opinion of NKE

Many brokerage firms have already submitted their reports for NKE stocks, with RBC Capital Mkts repeating the rating for NKE by listing it as a “Outperform.” The predicted price for NKE in the upcoming period, according to RBC Capital Mkts is $125 based on the research report published on September 22nd of the current year 2022.

Barclays, on the other hand, stated in their research note that they expect to see NKE reach a price target of $110, previously predicting the price at $125. The rating they have provided for NKE stocks is “Equal Weight” according to the report published on September 20th, 2022.

Exane BNP Paribas gave a rating of “Neutral” to NKE, setting the target price at $118 in the report published on August 09th of the current year.

NKE Trading at -10.25% 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 -44.97% of loss for the given period.

Volatility was left at 2.73%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares sank -11.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.24% lower at present.

During the last 5 trading sessions, NKE fell by -6.59%, which changed the moving average for the period of 200-days by -41.66% in comparison to the 20-day moving average, which settled at $106.60. In addition, NIKE Inc. saw -40.87% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NKE starting from Campion Andrew, who sale 5,922 shares at the price of $113.42 back on Aug 03. After this action, Campion Andrew now owns 75,295 shares of NIKE Inc., valued at $671,673 using the latest closing price.

Friend Matthew, the EVP: CFO of NIKE Inc., sale 4,139 shares at $113.42 during a trade that took place back on Aug 03, which means that Friend Matthew is holding 56,539 shares at $469,445 based on the most recent closing price.

Stock Fundamentals for NKE

Current profitability levels for the company are sitting at:

  • +14.49 for the present operating margin
  • +46.13 for the gross margin

The net margin for NIKE Inc. stands at +12.92. Equity return is now at value 40.70, with 15.50 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.

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