The stock of Nike, Inc. (NKE) has gone down by -1.83% for the week, with a 11.72% rise in the past month and a -13.19% drop in the past quarter. The volatility ratio for the week is 2.06%, and the volatility levels for the past 30 days are 2.15% for NKE. The simple moving average for the past 20 days is 3.76% for NKE’s stock, with a -13.42% simple moving average for the past 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 22.14x compared to its average ratio, The 36-month beta value for NKE is at 1.01. Analysts have varying views on the stock, with 12 analysts rating it as a “buy,” 7 rating it as “overweight,” 17 as “hold,” and 1 as “sell.”
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The public float for NKE is 1.18B, and currently, shorts hold a 1.89% of that float. The average trading volume for NKE on August 30, 2024 was 15.02M shares.
NKE) stock’s latest price update
Nike, Inc. (NYSE: NKE)’s stock price has gone decline by -0.90 in comparison to its previous close of 83.26, however, the company has experienced a -1.83% decrease in its stock price over the last five trading days. youtube.com reported 2024-08-29 that Ike Boruchow, Wells Fargo senior analyst, joins ‘Closing Bell’ to discuss the retail landscape ahead of earnings.
Analysts’ Opinion of NKE
Many brokerage firms have already submitted their reports for NKE stocks, with Piper Sandler repeating the rating for NKE by listing it as a “Neutral.” The predicted price for NKE in the upcoming period, according to Piper Sandler is $80 based on the research report published on August 23, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NKE reach a price target of $75, previously predicting the price at $100. The rating they have provided for NKE stocks is “Sector Perform” according to the report published on July 02nd, 2024.
Telsey Advisory Group gave a rating of “Outperform” to NKE, setting the target price at $100 in the report published on June 28th of the current year.
NKE Trading at 4.99% 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 -33.13% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.06%, as shares surge +10.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.06% lower at present.
During the last 5 trading sessions, NKE fell by -2.28%, which changed the moving average for the period of 200-days by -21.18% in comparison to the 20-day moving average, which settled at $79.93. In addition, Nike, Inc. saw -24.00% 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 52,487 shares at the price of $78.00 back on Aug 14 ’24. After this action, PARKER MARK G now owns 1,031,226 shares of Nike, Inc., valued at $4,093,986 using the latest closing price.
PARKER MARK G, the Officer of Nike, Inc., proposed sale 52,487 shares at $78.00 during a trade that took place back on Aug 14 ’24, which means that PARKER MARK G is holding shares at $4,093,986 based on the most recent closing price.
Stock Fundamentals for NKE
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.45 for the gross margin
The net margin for Nike, Inc. stands at 0.11. The total capital return value is set at 0.23. Equity return is now at value 40.09, with 15.07 for asset returns.
Based on Nike, Inc. (NKE), the company’s capital structure generated 0.39 points at debt to capital in total, while cash flow to debt ratio is standing at 0.79. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -58.8.
Currently, EBITDA for the company is 7.54 billion with net debt to EBITDA at 0.29. When we switch over and look at the enterprise to sales, we see a ratio of 2.45. The receivables turnover for the company is 11.6for trailing twelve months and the total asset turnover is 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.40.
Conclusion
In conclusion, Nike, Inc. (NKE) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
