Nike, Inc [NYSE: NKE] gained 3.06% or 2.3 points to close at $77.40 with a heavy trading volume of 12222128 shares.
The daily chart for NKE points out that the company has recorded -15.64% loss over the past six months.
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If we look at the average trading volume of 11.52M shares, NKE reached to a volume of 12222128 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $90.15 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 2.21. 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.
Needham have made an estimate for Nike, Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on November 22, 2024. While these analysts kept the previous recommendation, Truist raised their target price from $83 to $97. The new note on the price target was released on October 10, 2024, representing the official price target for Nike, Inc stock. Previously, the target price had yet another drop from $100 to $96, while Telsey Advisory Group kept a Outperform rating on NKE stock.
The Average True Range (ATR) for Nike, Inc is set at 1.69, with the Price to Sales ratio for NKE stock in the period of the last 12 months amounting to 2.37. The Price to Book ratio for the last quarter was 8.28, with the Price to Cash per share for the same quarter was set at 6.71. Price to Free Cash Flow for NKE in the course of the last twelve months was 16.47 with Quick ratio for the last quarter at 1.58.
Trading performance analysis for NKE stock
Nike, Inc [NKE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.97. With this latest performance, NKE shares dropped by -2.07% in over the last four-week period, additionally sinking by -15.64% over the last 6 months – not to mention a drop of -28.28% 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 50.02, with the RSI for the last a single of trading hit 55.63, and the three-weeks RSI is set at 47.73 for Nike, Inc [NKE]. The present Moving Average for the last 50 days of trading for this stock 80.51, while it was recorded at 74.93 for the last single week of trading, and 86.99 for the last 200 days.
Nike, Inc [NKE]: A deeper dive into fundamental analysis
Nike, Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.58 and a Current Ratio set at 2.36.
Nike, Inc [NKE]: An earnings per share (EPS) analysis
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 9.50%.
An analysis of Institutional ownership at Nike, Inc [NKE]
There are presently around $81.80%, or 83.21%% 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%.
