At the time of writing, Nike, Inc [NKE] stock is trading at $74.29, up 0.34%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NKE shares have gain 4.53% over the last week, with a monthly amount drifted -3.64%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nike, Inc [NYSE: NKE] stock has seen the most recent analyst activity on January 10, 2025, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $90 from $72. Previously, Telsey Advisory Group downgraded its rating to Market Perform on December 20, 2024, and kept the price target unchanged to $80. On December 16, 2024, Wells Fargo reiterated its Overweight rating and revised its price target to $92 on the stock. Telsey Advisory Group reiterated its Outperform rating and decreased its price target to $93 on December 16, 2024. Needham initiated its recommendation with a Buy and recommended $84 as its price target on November 22, 2024. Truist upgraded its rating to Buy for this stock on October 10, 2024, and upped its price target to $97. In a note dated October 02, 2024, Telsey Advisory Group reiterated an Outperform rating on this stock and revised its target price from $100 to $96.
For the past year, the stock price of Nike, Inc fluctuated between $70.32 and $107.43. Currently, Wall Street analysts expect the stock to reach $92.44 within the next 12 months. Nike, Inc [NYSE: NKE] shares were valued at $74.29 at the most recent close of the market. An investor can expect a potential return of 24.43% based on the average NKE price forecast.
Analyzing the NKE fundamentals
According to Nike, Inc [NYSE:NKE], the company’s sales were 49.05B for trailing twelve months, which represents an -7.53% plunge. Gross Profit Margin for this corporation currently stands at 0.45% 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 0.13, Equity is 0.35 and Total Capital is 0.21. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.86.
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 72.94 points at the first support level, and at 71.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 75.07, and for the 2nd resistance point, it is at 75.85.
Ratios To Look Out For
It is important to note that Nike, Inc [NYSE:NKE] has a current ratio of 2.22. Also, the Quick Ratio is 1.51, while the Cash Ratio stands at 0.71. Considering the valuation of this stock, the price to sales ratio is 2.24, the price to book ratio is 7.84 and price to earnings (TTM) ratio is 22.95.
Transactions by insiders
Recent insider trading involved ROGERS JOHN W JR, Director, that happened on Dec 27 ’24 when 2500.0 shares were purchased. EXECUTIVE CHAIRMAN, PARKER MARK G completed a deal on Nov 14 ’24 to sell 45190.0 shares. Meanwhile, Officer PARKER MARK G bought 45190.0 shares on Nov 14 ’24.
