The stock of NIKE Inc. (NKE) has gone down by -7.43% for the week, with a -13.13% drop in the past month and a -9.73% drop in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are 1.97% for NKE. The simple moving average for the last 20 days is -10.95% for NKE stock, with a simple moving average of -4.02% for the last 200 days.
Is It Worth Investing in NIKE Inc. (NYSE: NKE) Right Now?
NIKE Inc. (NYSE: NKE) has a higher price-to-earnings ratio of 31.24x compared to its average ratio. compared to its average ratio and a 36-month beta value of 1.11. Analysts have mixed views on the stock, with 17 analysts rating it as a “buy,” 5 as “overweight,” 10 as “hold,” and 2 as “sell.”
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The average price point forecasted by analysts for NIKE Inc. (NKE) is $136.43, which is $27.45 above the current market price. The public float for NKE is 1.22B, and currently, short sellers hold a 0.96% ratio of that float. The average trading volume of NKE on May 25, 2023 was 5.95M shares.
NKE) stock’s latest price update
NIKE Inc. (NYSE: NKE)’s stock price has plunge by -0.45relation to previous closing price of 108.78. Nevertheless, the company has seen a -7.43% plunge in its stock price over the last five trading sessions.
NKE Trading at -11.31% 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 -17.53% of loss for the given period.
Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares sank -12.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.00% lower at present.
During the last 5 trading sessions, NKE fell by -7.43%, which changed the moving average for the period of 200-days by -5.01% in comparison to the 20-day moving average, which settled at $120.83. In addition, NIKE Inc. saw -7.45% 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 PARKER MARK G, who sale 110,000 shares at the price of $120.86 back on May 12. After this action, PARKER MARK G now owns 1,355,871 shares of NIKE Inc., valued at $13,294,600 using the latest closing price.
Nielsen Johanna, the VP: CORP CONTROLLER of NIKE Inc., sale 282 shares at $126.03 during a trade that took place back on Apr 17, which means that Nielsen Johanna is holding 3,518 shares at $35,540 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. The total capital return value is set at 25.35, while invested capital returns managed to touch 23.21. Equity return is now at value 36.00, with 13.80 for asset returns.
Based on NIKE Inc. (NKE), the company’s capital structure generated 82.63 points at debt to equity in total, while total debt to capital is 45.25. Total debt to assets is 31.32, with long-term debt to equity ratio resting at 76.55. Finally, the long-term debt to capital ratio is 41.91.
When we switch over and look at the enterprise to sales, we see a ratio of 3.29, with the company’s debt to enterprise value settled at 0.07. The receivables turnover for the company is 10.25 and the total asset turnover is 1.20. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.63.
Conclusion
To put it simply, NIKE Inc. (NKE) has had a bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. 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.
