Nike, Inc. [NYSE: NKE] traded at a high on Tuesday, posting a 1.05 gain after which it closed the day’ session at $80.64.
The results of the trading session contributed to over 7578366 shares changing hands. Over the past one week, the price volatility of Nike, Inc. stands at 1.84% while the volatility over the past one month is 1.93%.
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The market cap for NKE stock reached $120.92 billion, with 1.21 billion shares outstanding and 1.18 billion shares in the current float. Compared to the average trading volume of 15.19M shares, NKE reached a trading volume of 7578366 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $90.53 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.
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 1.71, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 2.35. The Price to Book ratio for the last quarter was 8.40, 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 18.27 with Quick ratio for the last quarter at 1.69.
How has NKE stock performed recently?
Nike, Inc. [NKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.27. With this latest performance, NKE shares dropped by -3.11% in over the last four-week period, additionally sinking by -18.33% over the last 6 months – not to mention a drop of -16.23% 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 52.89, with the RSI for the last a single of trading hit 54.15, and the three-weeks RSI is set at 51.48 for Nike, Inc. [NKE]. The present Moving Average for the last 50 days of trading for this stock 77.31, while it was recorded at 79.25 for the last single week of trading, and 93.67 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]
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%.
Insider trade positions for Nike, Inc. [NKE]
There are presently around $83.12%, or 84.31%% 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%.
