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Daily High to Daily Low: Is It Safe to Buy NIKE Inc. (NKE)?

NIKE Inc. (NYSE:NKE) went up by 1.32% from its latest closing price compared to the recent 1-year high of $149.68. The company’s stock price has collected -0.43% of loss in the last five trading sessions. Barrons Online reported on 12/21/22 that Dow Soars 500 Points as Consumer Data Adds Some Cheer

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 36.23 x from its present earnings ratio. Plus, the 36-month beta value for NKE is at 1.09. Opinions of the stock are interesting as 18 analysts out of 38 who provided ratings for NIKE Inc. declared the stock was a “buy,” while 6 rated the stock as “overweight,” 13 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $127.52, which is -$0.74 below the current price. NKE currently public float of 1.24B and currently shorts hold a 1.11% ratio of that float. Today, the average trading volume of NKE was 8.05M shares.

NKE’s Market Performance

NKE stocks went down by -0.43% for the week, with a monthly jump of 24.30% and a quarterly performance of 47.75%, while its annual performance rate touched -10.12%. The volatility ratio for the week stands at 1.67% while the volatility levels for the past 30 days are set at 1.95% for NIKE Inc. The simple moving average for the period of the last 20 days is 5.08% for NKE stocks with a simple moving average of 17.03% for the last 200 days.

Analysts’ Opinion of NKE

Many brokerage firms have already submitted their reports for NKE stocks, with Telsey Advisory Group repeating the rating for NKE by listing it as a “Outperform.” The predicted price for NKE in the upcoming period, according to Telsey Advisory Group is $130 based on the research report published on December 14th of the previous year 2022.

Raymond James, on the other hand, stated in their research note that they expect to see NKE reach a price target of $99. The rating they have provided for NKE stocks is “Outperform” according to the report published on October 13th, 2022.

NKE Trading at 13.92% 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 -14.29% of loss for the given period.

Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares surge +10.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +36.84% upper at present.

During the last 5 trading sessions, NKE fell by -0.43%, which changed the moving average for the period of 200-days by -3.03% in comparison to the 20-day moving average, which settled at $122.72. In addition, NIKE Inc. saw 9.64% 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 Matheson Monique S., who sale 5,000 shares at the price of $124.00 back on Jan 06. After this action, Matheson Monique S. now owns 60,213 shares of NIKE Inc., valued at $620,000 using the latest closing price.

Matheson Monique S., the EVP: CHRO of NIKE Inc., sale 5,000 shares at $115.83 during a trade that took place back on Dec 13, which means that Matheson Monique S. is holding 60,213 shares at $579,150 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 36.80, with 14.10 for asset returns.

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

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