Technicals Say NIKE Inc. (NKE) Is Worth Holding

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As of Wednesday close, NIKE Inc.’s (NYSE:NKE) stock was up $0.68, moving up 0.64 percent to $106.65. The average number of shares traded per day over the past five days has been 4,944,000 shares. 2 times new highs have been achieved over the past 5 days, with a $1.42 gain in that time frame. In the last twenty days, the average volume was 7,163,740, while in the previous 50 days, it was 9,462,918.

Since last month, NKE stock rose 16.28%. Shares of the company fell to $86.24 on 10/24/22, the lowest level in the past month. A 52-week high of $173.43 was reached on 01/03/22 after having rallying from a 52-week low of $82.22. Since the beginning of this year, NKE’s stock price has dropped by -36.01% or -$60.02, and marked a new high 1 time. However, the stock has declined by -38.51% since its 52-week high.


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NKE stock investors should be aware that NIKE Inc. (NKE) stock had its last reported insider trading activity 25 days ago on Oct 31. Matheson Monique S., the EVP: CHRO of the company, disposed of 5,882 shares for $93.55 on Oct 31. It resulted in a $550,281 divestment by the insider. Campion Andrew sold 5,922 shares at an average price of $113.42 on Aug 03. The insider now owns 75,295 shares following the transaction. On Aug 03, EVP: CFO Friend Matthew sold 4,139 shares at $113.42 apiece. The transaction was valued at $469,445.

Valuation Metrics

Right now, NIKE Inc. (NKE) has a P/E ratio of about 30.29. The stock’s beta is 1.12. Besides these, the trailing price-to-sales (P/S) ratio of 3.54, the price-to-book (PB) ratio of 10.56, and the price-to-cash flow ratio of 97.30 may also be considered.

The latest dividend of $0.34 per share was paid out, which is 11.48% more than last year’s $0.3050. On Tuesday November 15 2022, a $0.0350 dividend increase was announced.

Financial Health

In the three months ended August 30, NIKE Inc.’s quick ratio stood at 1.80, while its current ratio was 2.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending August 30 was 0.56, and the total debt-to-equity ratio was 0.60. On the profitability front, the trailing twelve-month gross margin is 45.40% percent. In the year ended August 30, operating margins totaled 13.20%. Based on annual data, NKE earned $21.48 billion in gross profit and brought in $46.71 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 24.60%. Return on equity (ROE) for the past 12 months was 37.10%.

In NIKE Inc.’s quarter-end financial report for August 30, it reported total debt of $8.92 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NKE’s revenue rose 3.46% to $12.23 billion during the quarter, while net income inched up to $12.69 billion. While analysts expected NIKE Inc. to report $0.92 quarterly earnings, the actual figure was $0.93 per share, beating the consensus estimate by 1.10%. During the quarter, the company generated $1.85 billion in EBITDA. The liabilities of NIKE Inc. were 25.27 billion at the end of its most recent quarter ended August 30, and its total debt was $12.59 billion. The value of shareholders’ equity is $2.82 billion.

Technical Picture

This quick technical analysis looks at NIKE Inc.’s (NKE) price momentum. With a historical volatility rate of 37.70%, the RSI 9-day stood at 67.97% on 23 November.

With respect to its five-day moving average, the current NIKE Inc. price is up by +1.35% percent or $1.42. At present, NKE shares trade +15.43% above its 20-day simple moving average and +2.23% percent above its 100-day simple moving average. However, the stock is currently trading approximately -0.33% below its SMA50 and -25.69% below its SMA200.

Stochastic coefficient K was 80.61% and Stochastic coefficient D was 79.49%, while ATR was 3.24. Given the Stochastic reading of 84.67% for the 14-day period, the RSI (14) reading has been calculated as 64.27%. As of today, the MACD Oscillator reading stands at -0.03, while the 14-day reading stands at 3.75.

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