Nike, Inc (NYSE:NKE) shares, rose in value on Friday, January 03, with the stock price down by -0.26% to the previous day’s close as strong demand from buyers drove the stock to $73.48.
Actively observing the price movement in the recent trading, the stock is buoying the session at $73.67, falling within a range of $73.13 and $74.19. The value of beta (5-year monthly) is 1.035 whereas the PE ratio is 22.70 over 12-month period. Referring to stock’s 52-week performance, its high was $107.48, and the low was $70.75. On the whole, NKE has fluctuated by -6.82% over the past month.
With the market capitalization of Nike, Inc currently standing at about $109.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.51, with its dividend yield at 2.05%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 46.05B, with a low estimate of 10.89B and a high estimate of 11.17B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.04B.
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 100% 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 5.68, with the price of NKE currently trading nearly -4.35% and -4.64% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 34.50, while the 7-day volatility ratio is showing 2.24% which for the 30-day chart, stands at 2.34%. Furthermore, Nike, Inc (NKE)’s beta value is 1.02, and its average true range (ATR) is 1.80.
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 -0.26% in today’s session so far, and over the past year, it shrunk by -29.37%%.
Data on historical trading for Nike, Inc (NYSE:NKE) indicates that the trading volumes over the past 10 days have averaged 15.25 and over the past 3 months, they’ve averaged 11.26 million. According to company’s latest data on outstanding shares, there are 1.49 billion shares outstanding.
Nearly 21.36% of Nike, Inc’s shares belong to company insiders and institutional investors own 64.93% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 25.28 million shares as on 2024-11-29, resulting in a short ratio of 2.36. According to the data, the short interest in Nike, Inc (NKE) stood at 266.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 23.12 million. The stock has fallen by -2.89% 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.
