Sunday, October 25, 2020

NIKE Inc. [NKE] moved down -1.13: Why It’s Important

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NIKE Inc. [NYSE: NKE] closed the trading session at $113.37 on 09/21/20. The day’s price range saw the stock hit a low of $111.74, while the highest price level was $114.06.

The stocks have a year to date performance of 11.90 percent and weekly performance of -4.95 percent. The stock has been moved at 80.53 percent over the last six months. The stock has performed 4.96 percent around the most recent 30 days and changed 13.93 percent over the most recent 3-months.

If compared to the average trading volume of 6.34M shares, NKE reached to a volume of 8450604 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about NIKE Inc. [NKE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NKE shares is $120.23 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NKE stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Telsey Advisory Group have made an estimate for NIKE Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 18, 2020. While these analysts kept the previous recommendation, Needham raised their target price from $113 to $132. The new note on the price target was released on September 18, 2020, representing the official price target for NIKE Inc. stock. Previously, the target price had yet another raise from $118 to $137, while Pivotal Research Group kept a Buy rating on NKE stock. On August 19, 2020, analysts increased their price target for NKE shares from 130 to 150.

The Average True Range (ATR) for NIKE Inc. is set at 2.57, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 4.80. The Price to Book ratio for the last quarter was 21.89, with the Price to Cash per share for the same quarter was set at 5.55.

NKE stock trade performance evaluation

NIKE Inc. [NKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.95. With this latest performance, NKE shares gained by 4.96% in over the last four-week period, additionally plugging by 80.53% over the last 6 months – not to mention a rise of 30.79% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NKE stock in for the last two-week period is set at 53.36, with the RSI for the last a single of trading hit 45.38, and the three-weeks RSI is set at 56.42 for NIKE Inc. [NKE]. The present Moving Average for the last 50 days of trading for this stock 106.30, while it was recorded at 116.45 for the last single week of trading, and 96.84 for the last 200 days.

NIKE Inc. [NKE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and NIKE Inc. [NKE] shares currently have an operating margin of +7.40 and a Gross Margin at +42.47. NIKE Inc.’s Net Margin is presently recorded at +6.79.

Return on Total Capital for NKE is now 16.49, given the latest momentum, and Return on Invested Capital for the company is 15.44. Return on Equity for this stock inclined to 29.70, with Return on Assets sitting at 9.22. When it comes to the capital structure of this company, NIKE Inc. [NKE] has a Total Debt to Total Equity ratio set at 161.58. Additionally, NKE Total Debt to Total Capital is recorded at 61.77, with Total Debt to Total Assets ending up at 41.53. Long-Term Debt to Equity for the company is recorded at 152.94, with the Long-Term Debt to Total Capital now at 58.47.

Reflecting on the efficiency of the workforce at the company, NIKE Inc. [NKE] managed to generate an average of $33,674 per employee. Receivables Turnover for the company is 10.66 with a Total Asset Turnover recorded at a value of 1.36.NIKE Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 2.50.

Earnings per share (EPS) analysis for NIKE Inc. [NKE] stock

With the latest financial reports released by the company, NIKE Inc. posted 0.86/share EPS, while the average EPS was predicted by analysts to be reported at 0.7/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 22.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NKE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NIKE Inc. go to 23.74%.

NIKE Inc. [NKE]: Insider Ownership positions

There are presently around $115,845 million, or 84.00% of NKE stock, in the hands of institutional investors. The top three institutional holders of NKE stocks are: VANGUARD GROUP INC with ownership of 105,170,585, which is approximately -3.661% of the company’s market cap and around 1.10% of the total institutional ownership; BLACKROCK INC., holding 95,685,586 shares of the stock with an approximate value of $10.85 billion in NKE stocks shares; and STATE STREET CORP, currently with $6.71 billion in NKE stock with ownership of nearly 0.918% of the company’s market capitalization.

Positions in NIKE Inc. stocks held by institutional investors increased at the end of June and at the time of the June reporting period, where 996 institutional holders increased their position in NIKE Inc. [NYSE:NKE] by around 58,711,931 shares. Additionally, 790 investors decreased positions by around 58,913,552 shares, while 211 investors held positions by with 904,206,904 shares. The mentioned changes placed institutional holdings at 1,021,832,387 shares, according to the latest SEC report filing. NKE stock had 188 new institutional investments in for a total of 3,717,432 shares, while 96 institutional investors sold positions of 4,978,080 shares during the same period.

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