Nike, Inc. [NYSE: NKE] jumped around 0.19 points on Friday, while shares priced at $75.43 at the close of the session, up 0.25%.
Compared to the average trading volume of 12.04M shares, NKE reached a trading volume of 19150536 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $93.37 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 2.23. 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.
RBC Capital Mkts have made an estimate for Nike, Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on July 02, 2024. While these analysts kept the previous recommendation, Telsey Advisory Group dropped their target price from $115 to $100. The new note on the price target was released on June 28, 2024, representing the official price target for Nike, Inc. stock. Previously, the target price had yet another raise to $78, while UBS analysts kept a Neutral rating on NKE stock. On June 28, 2024, analysts decreased their price target for NKE shares from 117 to 88.
The Average True Range (ATR) for Nike, Inc. is set at 2.71, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 2.22. The Price to Book ratio for the last quarter was 8.01, with the Price to Cash per share for the same quarter was set at 7.67. Price to Free Cash Flow for NKE in the course of the last twelve months was 18.38 with Quick ratio for the last quarter at 1.69.
How has NKE stock performed recently?
Nike, Inc. [NKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -19.92. With this latest performance, NKE shares dropped by -20.38% in over the last four-week period, additionally sinking by -27.50% over the last 6 months – not to mention a drop of -29.57% 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 21.63, with the RSI for the last a single of trading hit 17.17, and the three-weeks RSI is set at 25.63 for Nike, Inc. [NKE]. The present Moving Average for the last 50 days of trading for this stock 91.86, while it was recorded at 75.78 for the last single week of trading, and 99.80 for the last 200 days.
Nike, Inc. [NKE]: Deeper insight into the fundamentals
Nike, Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.69 and a Current Ratio set at 2.40.
Earnings analysis for Nike, Inc. [NKE]
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 4.92%.
Insider trade positions for Nike, Inc. [NKE]
The top three institutional holders of NKE stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NKE stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NKE stock with ownership which is approximately 5.1238%.
