The stock of NIKE Inc. (NYSE:NKE) decreased by -$0.45 on Monday to finish at $107.64, down -0.42 percent. The last five days have seen an average of 5,573,260 shares of common stock traded. 10 times new highs were reached in the current year, with a fall of -$9.37. The average number of shares traded over the last 20 days was 5,832,470, while the average volume over the last 50 days totaled 7,874,488.
NKE stock dropped -0.29% since last month. On 08/03/23, the company’s shares reached a one-month low of $106.64. The stock touched a high of $131.31 on 02/02/23, after rallying from a low of $82.22 in 52 weeks. The price of NKE stock has declined by -8.01% or -$9.37 this year, reaching a new high 10 times. Still, the stock price is down -18.03% from the 52-week high.
Insider Transactions
NKE stock investors should be aware that NIKE Inc. (NKE) stock had its last reported insider trading activity 7 days ago on Aug 08. On Aug 08, EVP: CHRO Matheson Monique S. sold 40,000 shares at $108.59 each. This transaction resulted in the insider making $4,343,678. On Aug 03, Friend Matthew sold 5,545 shares at a price of US$107.00. After the transaction, the insider now owns 42,119 shares. VP: CORP CONTROLLER Nielsen Johanna had earlier sold 1,706 shares on Aug 03 for $107.00 a share. The transaction was completed for $182,542.
Valuation Metrics
NIKE Inc. (NKE) has a trailing price-to-earnings (P/E) ratio of 33.36. Beta for the stock is 1.11. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 3.24, the price-to-book (PB) ratio of 11.80, and the price-to-cash flow ratio of 34.10.
Company paid $0.34 per share in dividends, remained unchanged from $0.34 last year.
Financial Health
For the recent quarter, NIKE Inc.’s quick ratio was 1.80, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.64, and the total debt to equity ratio is 0.64. As far as profitability goes, gross margin for the trailing twelve months is 43.50% percent. NIKE Inc.’s EBITDA margin for the recent year was 11.75%, whereas its operating margin stood at 11.50% for the same period. Based on annual data, it had gross profit of $22.29 billion and revenue of $51.22 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. NKE’s return on assets (ROA) during the last 12 months has been 13.00%. There was a 20.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 34.00%.
Earnings Surprise
A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $12.82 billion, while revenues rose by 4.61% to $12.39 billion. EBITDA was $1.46 billion for the quarter. At the end of NIKE Inc.’s most recent quarter, its liabilities totaled 23.53 billion, while its total debt was $12.14 billion. Equity owned by shareholders amounts to $1.53 billion.
Technical Picture
Here’s a quick look at NIKE Inc.’s (NKE) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 41.78%, suggesting the stock is Neutral, with a 14.88% historical volatility rate.
The stochastic %K and %D were 30.32% and 46.76% respectively, while the average true range (ATR) was 2.08. Based on the 14-day stochastic reading of 18.76%, the RSI (14) reading is 44.80%. On the 9-day MACD Oscillator, the stock is at -0.59, and the 14-day reading is at -0.67.
Analyst Ratings
Analysts have assigned NIKE Inc. (NKE) an Overweight rating. NKE is a stock that is recommended for selling by 3 brokerage firms, while 8 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 6 rates it overweight and 17 others recommend it as a buy.
What is NKE’s price target for the next 12 months?
The current consensus forecast for the stock is between $92.00 and $151.87, with a median target price of $130.00. In analyzing these forecasts, the average price target given by analysts for NIKE Inc. (NKE) is $127.52.
