Nike, Inc (NYSE:NKE) shares, rose in value on Thursday, November 21, with the stock price up by 1.10% to the previous day’s close as strong demand from buyers drove the stock to $74.17.
Actively observing the price movement in the recent trading, the stock is buoying the session at $73.36, falling within a range of $73.2 and $74.63. The value of beta (5-year monthly) is 1.035 whereas the PE ratio is 21.27 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 -7.35% over the past month.
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With the market capitalization of Nike, Inc currently standing at about $110.40 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 2.00%.
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 2.24, with the price of NKE currently trading nearly -2.96% and -7.90% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 35.78, while the 7-day volatility ratio is showing 2.03% which for the 30-day chart, stands at 1.80%. Furthermore, Nike, Inc (NKE)’s beta value is 1.02, and its average true range (ATR) is 1.54.
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 1.10% in today’s session so far, and over the past year, it shrunk by -30.39%%.
Data on historical trading for Nike, Inc (NYSE:NKE) indicates that the trading volumes over the past 10 days have averaged 10.32 and over the past 3 months, they’ve averaged 11.43 million. According to company’s latest data on outstanding shares, there are 1.21 billion shares outstanding.
Nearly 21.37% of Nike, Inc’s shares belong to company insiders and institutional investors own 65.01% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 23.12 million shares as on 2024-10-31, resulting in a short ratio of 2.0. According to the data, the short interest in Nike, Inc (NKE) stood at 243.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 22.76 million. The stock has fallen by -31.69% 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.
