Nike, Inc (NYSE:NKE) shares, rose in value on Thursday, February 13, with the stock price up by 1.31% to the previous day’s close as strong demand from buyers drove the stock to $73.21.
Actively observing the price movement in the last trading, the stock closed the session at $72.26. The PE ratio was 22.62 over 12-month period. Referring to stock’s 52-week performance, its high was $107.34, and the low was $68.62. On the whole, NKE has fluctuated by 2.87% over the past month.
With the market capitalization of Nike, Inc currently standing at about $108.29 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 1.51, with its dividend yield at 2.06%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 46.02B, with a low estimate of 10.84B and a high estimate of 11.14B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 11.02B.
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 price of NKE currently trading nearly -0.72% and -2.34% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.39, while the 7-day volatility ratio is showing 2.74% which for the 30-day chart, stands at 2.75%. Furthermore, Nike, Inc (NKE)’s beta value is 1.04, and its average true range (ATR) is 2.13.
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 1.31% in last session, and over the past year, it shrunk by -31.69%%.
Data on historical trading for Nike, Inc (NYSE:NKE) indicates that the trading volumes over the past 3 months, they’ve averaged 12.69 million. According to company’s latest data on outstanding shares, there are 1.18 billion shares outstanding.
Nearly 21.50% of Nike, Inc’s shares belong to company insiders and institutional investors own 66.02% of the company’s shares. The stock has fallen by -3.25% 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.
