A share price of Nike, Inc. [NKE] is currently trading at $92.00, up 3.37%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NKE shares have gain 3.29% over the last week, with a monthly amount drifted -8.17%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 11, April 2024, Nike Kicks Off Multi-Year Innovation Cycle. In a post published today on Yahoo Finance, New products fueled by insights from the world’s leading athletes, brought to life by computational design and advanced manufacturing.
From an analyst’s perspective:
Nike, Inc. [NYSE: NKE] stock has seen the most recent analyst activity on April 11, 2024, when BofA Securities upgraded its rating to a Buy and also boosted its price target to $113 from $110. Previously, Telsey Advisory Group reaffirmed its Outperform rating on March 22, 2024, and dropped its price target to $115. On March 22, 2024, downgrade downgraded it’s rating to Sector Perform and revised its price target to $100 on the stock. Telsey Advisory Group reiterated its Outperform rating and decreased its price target to $120 on March 18, 2024. Oppenheimer downgraded its rating to a Perform. HSBC Securities reiterated a Hold rating for this stock on January 22, 2024, and downed its price target to $116. In a note dated January 22, 2024, HSBC Securities reiterated an Hold rating on this stock and revised its target price from $120 to $115.
Nike, Inc. experienced fluctuations in its stock price throughout the past year between $88.66 and $128.68. Currently, Wall Street analysts expect the stock to reach $125.48 within the next 12 months. Nike, Inc. [NYSE: NKE] shares were valued at $92.00 at the most recent close of the market. An investor can expect a potential return of 36.39% based on the average NKE price forecast.
Analyzing the NKE fundamentals
Trailing Twelve Months sales for Nike, Inc. [NYSE:NKE] were 51.57B which represents 0.51% growth. Gross Profit Margin for this corporation currently stands at 0.44% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.14, Equity is 0.37 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 91.08 points at the first support level, and at 90.17 for the second support level. However, for the 1st resistance point, the stock is sitting at 92.66, and for the 2nd resistance point, it is at 93.33.
Nike, Inc. [NKE] reported earnings per share of $0.71 for its fiscal quarter that ended on 2/28/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.68/share, meaning a difference of $0.03 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 11/29/2023 were $1.03 per share as compared to estimates of $0.85 per share, a difference of $0.18 representing a surprise of 21.20%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nike, Inc. [NYSE:NKE] is 2.74. Further, the Quick Ratio stands at 1.89, while the Cash Ratio is 0.99. Considering the valuation of this stock, the price to sales ratio is 2.70, the price to book ratio is 9.77 and price to earnings (TTM) ratio is 27.06.
Transactions by insiders
Recent insider trading involved PARKER MARK G, EXECUTIVE CHAIRMAN, that happened on Feb 14 ’24 when 0.17 million shares were sold. EVP: CHRO, Matheson Monique S. completed a deal on Dec 11 ’23 to sell 10000.0 shares. Meanwhile, EXECUTIVE CHAIRMAN PARKER MARK G sold 58091.0 shares on Oct 16 ’23.
