A share price of Nike, Inc. [NKE] is currently trading at $86.52, up 6.84%. 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 9.51% over the last week, with a monthly amount glided 3.00%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, RBC Capital Mkts reaffirmed its Sector Perform rating on July 02, 2024, and dropped its price target to $75. On June 28, 2024, Telsey Advisory Group reiterated its Outperform rating and revised its price target to $100 on the stock. UBS downgraded its rating to a Neutral but stick to its price target of $78 on June 28, 2024. Stifel downgraded its rating to a Hold and reduced its price target to $88 on June 28, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on June 28, 2024. In a note dated June 28, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $114 to $79.
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 $106.06 within the next 12 months. Nike, Inc. [NYSE: NKE] shares were valued at $86.52 at the most recent close of the market. An investor can expect a potential return of 22.58% 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 0.83.
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 84.88 points at the first support level, and at 83.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 88.08, and for the 2nd resistance point, it is at 89.64.
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 2.52, the price to book ratio is 9.01 and price to earnings (TTM) ratio is 23.22.
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.
