A share price of Nike, Inc. [NKE] is currently trading at $83.23, up 0.88%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NKE shares have gain 11.96% over the last week, with a monthly amount glided 14.99%, and 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 July 02, 2024, when RBC Capital Mkts reiterated its Sector Perform rating and also revised its price target to $75 from $100. Previously, Telsey Advisory Group reaffirmed its Outperform rating on June 28, 2024, and dropped its price target to $100. On June 28, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $78 on the stock. Stifel downgraded its rating to a Hold and decreased its price target to $88 on June 28, 2024. Raymond James downgraded its rating to a Mkt Perform. Morgan Stanley downgraded its rating to Equal-Weight for this stock on June 28, 2024, and downed its price target to $79. In a note dated June 28, 2024, JP Morgan downgraded an Neutral rating on this stock and revised its target price from $116 to $83.
Nike, Inc. experienced fluctuations in its stock price throughout the past year between $70.75 and $123.39. Currently, Wall Street analysts expect the stock to reach $109.15 within the next 12 months. Nike, Inc. [NYSE: NKE] shares were valued at $83.23 at the most recent close of the market. An investor can expect a potential return of 31.14% based on the average NKE price forecast.
Analyzing the NKE fundamentals
Trailing Twelve Months sales for Nike, Inc. [NYSE:NKE] were 51.39B which represents -1.44% decline. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.15, Equity is 0.4 and Total Capital is 0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.65.
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 82.47 points at the first support level, and at 81.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.97, and for the 2nd resistance point, it is at 84.70.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nike, Inc. [NYSE:NKE] is 2.40. As well, the Quick Ratio is 1.69, while the Cash Ratio is 0.93. Considering the valuation of this stock, the price to sales ratio is 2.43, the price to book ratio is 8.67 and price to earnings (TTM) ratio is 22.34.
Transactions by insiders
Recent insider trading involved PARKER MARK G, EXECUTIVE CHAIRMAN, that happened on Aug 14 ’24 when 52487.0 shares were sold. Officer, PARKER MARK G completed a deal on Aug 14 ’24 to buy 52487.0 shares. Meanwhile, EVP: CFO Friend Matthew sold 5410.0 shares on Aug 07 ’24.
