NIKE Inc. (NYSE:NKE) saw an upside of 1.32% to close Monday at $128.29 after adding $1.67 on the day. The 5-day average trading volume is 5,905,780 shares of the company’s common stock. It has gained $129.05 in the past week and touched a new high 1 time within the past 5 days. An average of 7,131,895 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,015,324.
NKE’s 1-month performance is 24.30% or $12.04 on its low of $114.96 reached on 12/28/22. The company’s shares have touched a 52-week low of $82.22 and high of $149.68, with the stock’s rally to the 52-week high happening on 01/13/23. YTD, NKE has achieved 9.64% or $11.28 and has reached a new high 8 times. However, the current price is down -14.29% from the 52-week high price.
NKE stock investors last saw insider trading activity on Jan 06.Matheson Monique S. (EVP: CHRO) most recently sold 5,000 shares at $124.00 per share on Jan 06. This transaction cost the insider $620,000. EVP: CHRO, Matheson Monique S., sold 5,000 shares at a price of $115.83 on Dec 13. Then, on Dec 07, EVP: CHRO Matheson Monique S. sold 10,000 shares at a price of $108.16 per share. This transaction amounted to $1,081,600.
NKE stock has a beta of 1.09. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.98 while the price-to-book (PB) in the most recent quarter is 13.09.
NIKE Inc.’s quick ratio for the period ended August 30 was 1.80, with the current ratio over the same period at 2.70. As well, the company’s long term debt to equity for the quarter ending August 30 was 0.58, while the total debt to equity was 0.62. In terms of profitability, the gross margin trailing 12 months is 44.60%. The firm’s gross profit as reported stood at $21.48 billion against revenue of $46.71 billion.
For the quarterly period ending August 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -0.45% to $1.33 billion, while revenue of $1.47 billion was -10.29% off the previous quarter. Analysts expected NKE to announce $0.92 per share in earnings in its latest quarter, but it posted $0.93, representing a 1.10% surprise. EBITDA for the quarter stood at more than $1.91 billion. NKE stock balance sheet for the quarter ending August 30 shows that total liabilities totaled 24.38 billion, with total debt at $12.59 billion. Shareholders hold equity totaling $1.55 billion.
Let’s look briefly at NIKE Inc. (NKE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 67.98% to suggest the stock is trending Neutral, with historical volatility in this time period at 18.16%.
The stock’s 5-day moving average is $126.80, reflecting a -0.43% or -$0.56 change from its current price. NKE is currently trading +10.80% above its 20-day SMA, +18.92% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +36.84% and SMA200 by-3.03%.
Stochastic %K and %D was 79.24% and 77.96% and the average true range (ATR) pointed at 2.64. The RSI (14) points at 67.51%, while the 14-day stochastic is at 92.03% with the period’s ATR at 2.83. The stock’s 9-day MACD Oscillator is pointing at -0.69 and 1.16 on the 14-day charts.
In the most recent analyst report for NIKE Inc. (NYSE: NKE), Telsey Advisory Group reiterated its an Outperform rating for the company but lifted their price target by $110 to $130. Analysts offering their rating for NKE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate NKE as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 6 rates the stock as overweight while 18 have offered a “buy” rating.
What is NKE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $85.00 and a high of $185.00, with their median price target at $130.00. Looking at these predictions, the average price target given by analysts is for NIKE Inc. (NKE) stock is $127.52.