In the past week, NKE stock has gone up by 2.36%, with a monthly decline of -4.40% and a quarterly surge of 6.91%. The volatility ratio for the week is 2.43%, and the volatility levels for the last 30 days are 1.99% for NIKE Inc. The simple moving average for the last 20 days is 0.49% for NKE stock, with a simple moving average of 9.66% for the last 200 days.
Is It Worth Investing in NIKE Inc. (NYSE: NKE) Right Now?
The price-to-earnings ratio for NIKE Inc. (NYSE: NKE) is above average at 34.07x, while the 36-month beta value is 1.11.Analysts have differing opinions on the stock, with 18 analysts rating it as a “buy,” 5 as “overweight,” 12 as “hold,” and 1 as “sell.”
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The average price point forecasted by analysts for NIKE Inc. (NKE) is $132.40, which is $8.79 above the current market price. The public float for NKE is 1.24B, and currently, short sellers hold a 0.94% ratio of that floaft. The average trading volume of NKE on March 17, 2023 was 6.88M shares.
NKE) stock’s latest price update
NIKE Inc. (NYSE: NKE)’s stock price has increased by 2.10 compared to its previous closing price of 118.17. However, the company has seen a 2.36% increase in its stock price over the last five trading sessions. MarketWatch.com reported on 01/26/23 that How Kobe Bryant made his $600 million fortune — and who is in charge of it now
Analysts’ Opinion of NKE
In the past week, NKE stock has gone up by 2.36%, with a monthly decline of -4.40% and a quarterly surge of 6.91%. The volatility ratio for the week is 2.43%, and the volatility levels for the last 30 days are 1.99% for NIKE Inc. The simple moving average for the last 20 days is 0.49% for NKE stock, with a simple moving average of 9.66% for the last 200 days.
Analysts’ Opinion of NKE
Many brokerage firms have already submitted their reports for NKE stocks, with Redburn repeating the rating for NKE by listing it as a “Sell.” The predicted price for NKE in the upcoming period, according to Redburn is $100 based on the research report published on March 16th of the current year 2023.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see NKE reach a price target of $130, previously predicting the price at $110. The rating they have provided for NKE stocks is “Outperform” according to the report published on December 14th, 2022.
Raymond James gave a rating of “Outperform” to NKE, setting the target price at $99 in the report published on October 13th of the previous year.
NKE Trading at -2.29% 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 -13.74% of loss for the given period.
Volatility was left at 1.99%, however, over the last 30 days, the volatility rate increased by 2.43%, as shares sank -5.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.60% upper at present.
During the last 5 trading sessions, NKE rose by +2.36%, which changed the moving average for the period of 200-days by +4.02% in comparison to the 20-day moving average, which settled at $119.71. In addition, NIKE Inc. saw 3.11% 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 Henry Peter B., who purchase 557 shares at the price of $125.45 back on Feb 07. After this action, Henry Peter B. now owns 4,062 shares of NIKE Inc., valued at $69,876 using the latest closing price.
Matheson Monique S., the EVP: CHRO of NIKE Inc., sale 5,000 shares at $124.00 during a trade that took place back on Jan 06, which means that Matheson Monique S. is holding 60,213 shares at $620,000 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.
Conclusion
In a nutshell, NIKE Inc. (NKE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
