In the past week, NKE stock has gone up by 0.94%, with a monthly gain of 2.40% and a quarterly surge of 10.77%. The volatility ratio for the week is 1.87%, and the volatility levels for the last 30 days are 2.07% for Nike, Inc.. The simple moving average for the past 20 days is -1.74% for NKE’s stock, with a -8.01% 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 23.78x compared to its average ratio, The 36-month beta value for NKE is at 1.02. 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 1.17B, and currently, shorts hold a 1.94% of that float. The average trading volume for NKE on October 21, 2024 was 12.54M shares.
NKE) stock’s latest price update
The stock price of Nike, Inc. (NYSE: NKE) has dropped by -0.58 compared to previous close of 83.40. Despite this, the company has seen a gain of 0.94% in its stock price over the last five trading days. fool.com reported 2024-10-20 that Over a long enough time horizon, this consumer discretionary stock has been a big winner.
Analysts’ Opinion of NKE
Many brokerage firms have already submitted their reports for NKE stocks, with Truist repeating the rating for NKE by listing it as a “Buy.” The predicted price for NKE in the upcoming period, according to Truist is $97 based on the research report published on October 10, 2024 of the current year 2024.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see NKE reach a price target of $96, previously predicting the price at $100. The rating they have provided for NKE stocks is “Outperform” according to the report published on October 02nd, 2024.
Piper Sandler gave a rating of “Neutral” to NKE, setting the target price at $80 in the report published on August 23rd of the current year.
NKE Trading at 0.56% 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 -32.80% of loss for the given period.
Volatility was left at 2.07%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares sank -4.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.77% upper at present.
During the last 5 trading sessions, NKE rose by +0.94%, which changed the moving average for the period of 200-days by -20.30% in comparison to the 20-day moving average, which settled at $84.39. In addition, Nike, Inc. saw -23.63% 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 0.22. Equity return is now at value 37.98, with 14.20 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 0.88. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is -50.9.
Currently, EBITDA for the company is 7.54 billion with net debt to EBITDA at 0.08. When we switch over and look at the enterprise to sales, we see a ratio of 2.48. The receivables turnover for the company is 10.5for trailing twelve months and the total asset turnover is 1.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.36.
Conclusion
In conclusion, Nike, Inc. (NKE) has had a mixed 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.
