Nike, Inc (NYSE: NKE) has experienced a rise in its stock price by 1.29 compared to its previous closing price of 75.68. However, the company has seen a gain of 1.03% in its stock price over the last five trading days. businesswire.com reported 2024-11-14 that BEAVERTON, Ore.–(BUSINESS WIRE)–NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.40 per share on the Company’s outstanding Class A and Class B Common Stock payable on January 2, 2025, to shareholders of record at the close of business on December 2, 2024. This represents an increase of 8 percent versus the prior quarterly dividend rate of $0.37 per share. Today’s announcement marks the 23rd consecutive year that Nike has increased.
Is It Worth Investing in Nike, Inc (NYSE: NKE) Right Now?
Nike, Inc (NYSE: NKE) has a price-to-earnings ratio that is above its average at 21.99x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, with 15 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 at present, short sellers hold a 1.98% of that float. On November 18, 2024, the average trading volume of NKE was 11.50M shares.
NKE’s Market Performance
NKE’s stock has seen a 1.03% increase for the week, with a -8.08% drop in the past month and a -7.95% fall in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are at 1.77% for Nike, Inc. The simple moving average for the past 20 days is -1.35% for NKE’s stock, with a -12.55% simple moving average for the past 200 days.
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 -5.22% 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 -37.87% of loss for the given period.
Volatility was left at 1.77%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -7.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.92% lower at present.
During the last 5 trading sessions, NKE rose by +1.03%, which changed the moving average for the period of 200-days by -24.67% in comparison to the 20-day moving average, which settled at $77.71. In addition, Nike, Inc saw -29.39% 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 45,190 shares at the price of $76.64 back on Nov 14 ’24. After this action, PARKER MARK G now owns 967,659 shares of Nike, Inc, valued at $3,463,362 using the latest closing price.
PARKER MARK G, the Officer of Nike, Inc, proposed sale 45,190 shares at $76.64 during a trade that took place back on Nov 14 ’24, which means that PARKER MARK G is holding shares at $3,463,362 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.
Currently, EBITDA for the company is 6.31 billion with net debt to EBITDA at 0.55. When we switch over and look at the enterprise to sales, we see a ratio of 2.35. 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
To sum up, Nike, Inc (NKE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” 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.
