At the time of writing, Nike, Inc. [NKE] stock is trading at $93.10, up 1.20%. An important factor to consider is whether the stock is rising or falling in short-term value. The NKE shares have gain 3.44% over the last week, with a monthly amount drifted -7.14%, and not seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Nike, Inc. fluctuated 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 $93.10 at the most recent close of the market. An investor can expect a potential return of 34.78% based on the average NKE price forecast.
Analyzing the NKE fundamentals
According to Nike, Inc. [NYSE:NKE], the company’s sales were 51.57B for trailing twelve months, which represents an 0.51% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.66.
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 92.45 points at the first support level, and at 91.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 93.83, and for the 2nd resistance point, it is at 94.57.
Ratios To Look Out For
It is important to note that Nike, Inc. [NYSE:NKE] has a current ratio of 2.74. On the other hand, the Quick Ratio is 1.89, and the Cash Ratio is 0.99. Considering the valuation of this stock, the price to sales ratio is 2.72, the price to book ratio is 9.89 and price to earnings (TTM) ratio is 27.38.
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.
