Nike, Inc (NYSE:NKE) shares, rose in value, with the stock price up by 0.89% to the previous day’s close as strong demand from buyers drove the stock to $77.13.
Actively observing the price movement in the last trading, the stock closed the session at $76.45, falling within a range of $75.2 and $77.34. The value of beta (5-year monthly) was 1.017 whereas the PE ratio was 22.12 over 12-month period. Referring to stock’s 52-week performance, its high was $123.39, and the low was $70.75. On the whole, NKE has fluctuated by -7.18% over the past month.
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With the market capitalization of Nike, Inc currently standing at about $114.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.48, with its dividend yield at 1.92%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 47.61B, with a low estimate of 12B and a high estimate of 12.49B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 12.2B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NKE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.46, with the price of NKE currently trading nearly -4.56% and -6.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.62, while the 7-day volatility ratio is showing 1.81% which for the 30-day chart, stands at 1.90%. Furthermore, Nike, Inc (NKE)’s beta value is 1.02, and its average true range (ATR) is 1.72.
A comparison of Nike, Inc (NKE) with its peers suggests the former has fared considerably weaker in the market. NKE showed an intraday change of 0.89% in last session, and over the past year, it shrunk by -24.95%%.
Data on historical trading for Nike, Inc (NYSE:NKE) indicates that the trading volumes over the past 10 days have averaged 8.97 and over the past 3 months, they’ve averaged 11.90 million. According to company’s latest data on outstanding shares, there are 1.21 billion shares outstanding.
Nearly 21.36% of Nike, Inc’s shares belong to company insiders and institutional investors own 66.12% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.39 million shares as on 2024-10-15, resulting in a short ratio of 1.54. According to the data, the short interest in Nike, Inc (NKE) stood at 246.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 23.35 million. The stock has fallen by -28.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NKE stock heading into the next quarter.
