Nike, Inc [NKE] stock prices are up 1.04% to $78.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NKE shares have gain 1.64% over the last week, with a monthly amount glided 1.75%, 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 December 16, 2024, when Wells Fargo reiterated its Overweight rating and also revised its price target to $92 from $95. Previously, Telsey Advisory Group reaffirmed its Outperform rating on December 16, 2024, and dropped its price target to $93. On November 22, 2024, Needham initiated with a Buy rating and assigned a price target of $84 on the stock. Truist upgraded its rating to a Buy and increased its price target to $97 on October 10, 2024. Telsey Advisory Group reiterated its recommendation of a Outperform and reduced its price target to $96 on October 02, 2024. In a note dated July 02, 2024, RBC Capital Mkts reiterated an Sector Perform rating on this stock and revised its target price from $100 to $75.
The stock price of Nike, Inc [NKE] has been fluctuating between $70.75 and $123.39 over the past year. Currently, Wall Street analysts expect the stock to reach $93.41 within the next 12 months. Nike, Inc [NYSE: NKE] shares were valued at $78.00 at the most recent close of the market. An investor can expect a potential return of 19.76% based on the average NKE price forecast.
Analyzing the NKE fundamentals
The Nike, Inc [NYSE:NKE] reported sales of 50.06B for trailing twelve months, representing a drop of -10.26%. 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 0.37 and Total Capital is 0.22. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.65.
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 77.24 points at the first support level, and at 76.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 78.76, and for the 2nd resistance point, it is at 79.53.
Ratios To Look Out For
It’s worth pointing out that Nike, Inc [NYSE:NKE]’s Current Ratio 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 2.32, the price to book ratio is 8.34 and price to earnings (TTM) ratio is 22.37.
Transactions by insiders
Recent insider trading involved PARKER MARK G, EXECUTIVE CHAIRMAN, that happened on Nov 14 ’24 when 45190.0 shares were sold. Officer, PARKER MARK G completed a deal on Nov 14 ’24 to buy 45190.0 shares. Meanwhile, EXECUTIVE CHAIRMAN PARKER MARK G sold 52487.0 shares on Aug 14 ’24.
