NIKE Inc. [NKE] Is Currently -5.93 below its 200 Period Moving Avg: What Does This Mean?

NIKE Inc. [NYSE: NKE] closed the trading session at $105.72 on 09/13/22. The day’s price range saw the stock hit a low of $105.44, while the highest price level was $108.91. The company report on August 30, 2022 that NIKE, Inc. Announces First Quarter Fiscal 2023 Earnings and Conference Call.


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NIKE, Inc. (NYSE: NKE) plans to release its first quarter fiscal 2023 financial results on Thursday, September 29, 2022, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE, Inc. management will host a conference call beginning at 2:00 p.m. PT to review results.

The conference call will be broadcast live over the Internet and can be accessed at http://investors.nike.com. For those unable to listen to the live broadcast, an archived version will be available at the same location through 9:00 p.m. PT, October 20, 2022.

The stocks have a year to date performance of -36.57 percent and weekly performance of 0.54 percent. The stock has been moved at -10.08 percent over the last six months. The stock has performed -8.92 percent around the most recent 30 days and changed -4.27 percent over the most recent 3-months.

If compared to the average trading volume of 7.01M shares, NKE reached to a volume of 5915793 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 $132.94 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 2.10. 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.

Exane BNP Paribas have made an estimate for NIKE Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 09, 2022. While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on July 26, 2022, representing the official price target for NIKE Inc. stock. On June 22, 2022, analysts decreased their price target for NKE shares from 170 to 140.

The Average True Range (ATR) for NIKE Inc. is set at 3.08, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 3.51. The Price to Book ratio for the last quarter was 10.88, with the Price to Cash per share for the same quarter was set at 8.39. Price to Free Cash Flow for NKE in the course of the last twelve months was 63.15 with Quick ratio for the last quarter at 1.80.

NKE stock trade performance evaluation

NIKE Inc. [NKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.54. With this latest performance, NKE shares dropped by -8.92% in over the last four-week period, additionally sinking by -10.08% over the last 6 months – not to mention a drop of -33.73% 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 41.67, with the RSI for the last a single of trading hit 38.94, and the three-weeks RSI is set at 43.70 for NIKE Inc. [NKE]. The present Moving Average for the last 50 days of trading for this stock 109.95, while it was recorded at 109.26 for the last single week of trading, and 129.09 for the last 200 days.

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

NIKE Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.80 and a Current Ratio set at 2.60.

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

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 10.69%.

NIKE Inc. [NKE]: Insider Ownership positions

There are presently around $108,074 million, or 83.00% of NKE stock, in the hands of institutional investors. The top three institutional holders of NKE stocks are: VANGUARD GROUP INC with ownership of 107,630,476, which is approximately 0.569% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 89,813,493 shares of the stock with an approximate value of $9.5 billion in NKE stocks shares; and STATE STREET CORP, currently with $5.77 billion in NKE stock with ownership of nearly -3.556% of the company’s market capitalization.

1,111 institutional holders increased their position in NIKE Inc. [NYSE:NKE] by around 50,806,012 shares. Additionally, 1,089 investors decreased positions by around 55,081,821 shares, while 313 investors held positions by with 916,380,490 shares. The mentioned changes placed institutional holdings at 1,022,268,323 shares, according to the latest SEC report filing. NKE stock had 138 new institutional investments in for a total of 9,210,273 shares, while 216 institutional investors sold positions of 3,493,775 shares during the same period.

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