Nike, Inc. [NYSE: NKE] stock went on an upward path that rose over 0.07% on Friday, amounting to a one-week price decrease of less than -0.87%.
Over the last 12 months, NKE stock dropped by -18.39%. The one-year Nike, Inc. stock forecast points to a potential upside of 7.9. The average equity rating for NKE stock is currently 2.18, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $124.94 billion, with 1.21 billion shares outstanding and 1.18 billion shares in the current float. Compared to the average trading volume of 15.02M shares, NKE stock reached a trading volume of 13729769 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $90.47 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 2.18. 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.
Piper Sandler have made an estimate for Nike, Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on August 23, 2024. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price from $100 to $75. The new note on the price target was released on July 02, 2024, representing the official price target for Nike, Inc. stock. Previously, the target price had yet another drop from $115 to $100, while Telsey Advisory Group kept a Outperform rating on NKE stock.
The Average True Range (ATR) for Nike, Inc. is set at 1.83, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 2.43. The Price to Book ratio for the last quarter was 8.68, with the Price to Cash per share for the same quarter was set at 7.72. Price to Free Cash Flow for NKE in the course of the last twelve months was 18.88 with Quick ratio for the last quarter at 1.69.
NKE Stock Performance Analysis:
Nike, Inc. [NKE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.87. With this latest performance, NKE shares gained by 12.82% in over the last four-week period, additionally sinking by -18.22% over the last 6 months – not to mention a drop of -18.39% 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 61.22, with the RSI for the last a single of trading hit 62.60, and the three-weeks RSI is set at 57.22 for Nike, Inc. [NKE]. The present Moving Average for the last 50 days of trading for this stock 78.34, while it was recorded at 83.79 for the last single week of trading, and 95.19 for the last 200 days.
Insight into Nike, Inc. 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.
NKE Stock EPS
With the latest financial reports released by the company, Nike, Inc. posted 0.94/share EPS, while the average EPS was predicted by analysts to be reported at 0.74/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.2. 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 4.84%.
Nike, Inc. [NKE] Institutonal Ownership Details
There are presently around $83.20%, or 84.40%% of NKE stock, in the hands of institutional investors. The top three institutional holders of NKE stocks are: VANGUARD GROUP INC with ownership of 111.59 million shares, which is approximately 7.3999%. BLACKROCK INC., holding 91.53 million shares of the stock with an approximate value of $$6.9 billion in NKE stocks shares; and BLACKROCK INC., currently with $$4.25 billion in NKE stock with ownership which is approximately 3.7172%.
