The stock of Nike, Inc. (NKE) has seen a 1.99% increase in the past week, with a 3.48% gain in the past month, and a -4.73% decrease in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 1.84% for NKE. The simple moving average for the last 20 days is 2.07% for NKE’s stock, with a simple moving average of -4.32% 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 28.25x, Company’s 36-month beta value is 1.04.Analysts have differing opinions on the stock, with 12 analysts rating it as a “buy,” 7 as “overweight,” 17 as “hold,” and 1 as “sell.”
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The public float for NKE is 1.17B, and currently, short sellers hold a 1.86% ratio of that floaft. The average trading volume of NKE on June 21, 2024 was 9.67M shares.
NKE) stock’s latest price update
Nike, Inc. (NYSE: NKE)’s stock price has gone rise by 0.50 in comparison to its previous close of 95.57, however, the company has experienced a 1.99% increase in its stock price over the last five trading days. zacks.com reported 2024-06-21 that NIKE (NKE) looks poised for a Q4 earnings beat on brand strength, robust consumer demand, business strategy, compelling product innovation, Consumer Direct Acceleration and digital leadership.
Analysts’ Opinion of NKE
Deutsche Bank, on the other hand, stated in their research note that they expect to see NKE reach a price target of $115. The rating they have provided for NKE stocks is “Buy” according to the report published on June 13th, 2024.
BofA Securities gave a rating of “Buy” to NKE, setting the target price at $113 in the report published on April 11th of the current year.
NKE Trading at 2.85% 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 -22.16% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares surge +4.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.27% upper at present.
During the last 5 trading sessions, NKE rose by +2.31%, which changed the moving average for the period of 200-days by -3.95% in comparison to the 20-day moving average, which settled at $94.29. In addition, Nike, Inc. saw -11.53% 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 Friend Matthew, who sale 9,350 shares at the price of $95.10 back on Jun 05 ’24. After this action, Friend Matthew now owns 27,312 shares of Nike, Inc., valued at $889,185 using the latest closing price.
PARKER MARK G, the EXECUTIVE CHAIRMAN of Nike, Inc., sale 168,378 shares at $93.14 during a trade that took place back on May 14 ’24, which means that PARKER MARK G is holding 1,102,090 shares at $15,682,727 based on the most recent closing price.
Stock Fundamentals for NKE
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.44 for the gross margin
The net margin for Nike, Inc. stands at 0.1. The total capital return value is set at 0.2. Equity return is now at value 36.38, with 13.83 for asset returns.
Based on Nike, Inc. (NKE), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.75. The debt to equity ratio resting at 0.66. The interest coverage ratio of the stock is -43.23.
Currently, EBITDA for the company is 5.92 billion with net debt to EBITDA at 0.52. When we switch over and look at the enterprise to sales, we see a ratio of 2.88. The receivables turnover for the company is 11.4for trailing twelve months and the total asset turnover is 1.38. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.74.
Conclusion
In a nutshell, Nike, Inc. (NKE) has experienced a mixed 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.
