A share price of Nike, Inc. [NKE] is currently trading at $82.10, down -0.42%. An important factor to consider is whether the stock is rising or falling in short-term value.
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From an analyst’s perspective:
Nike, Inc. [NYSE: NKE] stock has seen the most recent analyst activity on October 10, 2024, when Truist upgraded its rating to a Buy and also boosted its price target to $97 from $83. Previously, Telsey Advisory Group reaffirmed its Outperform rating on October 02, 2024, and dropped its price target to $96. RBC Capital Mkts reiterated its Sector Perform rating and decreased its price target to $75 on July 02, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and reduced its price target to $100 on June 28, 2024. UBS downgraded its rating to Neutral for this stock on June 28, 2024, but kept the price target unchanged to $78. In a note dated June 28, 2024, Stifel downgraded an Hold rating on this stock and revised its target price from $117 to $88.
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 within the next 12 months. Nike, Inc. [NYSE: NKE] shares were valued at $82.10 at the most recent close of the market. An investor can expect a potential return of 29.11% based on the average NKE price forecast.
Analyzing the NKE fundamentals
Trailing Twelve Months sales for Nike, Inc. [NYSE:NKE] were 50.06B which represents -10.26% 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 0.14, Equity is 0.26 and Total Capital is 0.22. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.32.
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 81.60 points at the first support level, and at 81.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 83.02, and for the 2nd resistance point, it is at 83.95.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nike, Inc. [NYSE:NKE] is 2.36. On the other hand, the Quick Ratio is 1.58, and the Cash Ratio is 0.8. Considering the valuation of this stock, the price to sales ratio is 2.44, the price to book ratio is 8.78 and price to earnings (TTM) ratio is 23.55.
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.
