Nike, Inc (NYSE:NKE) price on current trading day, fall -8.30% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $54.40.
A look at the stock’s price movement, the level at last check in today’s session was $59.32, moving within a range at $53.6 and $57.25. The beta value (5-Year monthly) was 1.152 while the PE ratio in trailing twelve months stood at 18.10. Turning to its 52-week performance, $98.04 and $52.37 were the 52-week high and 52-week low respectively. Overall, NKE moved -26.07% over the past month.
Nike, Inc’s market cap currently stands at around $80.29 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Mar-19. The company has a Forward Dividend ratio of 1.54, with its dividend yield at 2.83%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 10.66B for the company’s revenue for the quarter, with a low and high estimate of 10.15B and 11.02B respectively. The average forecast suggests down to a -15.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 45.87B, representing a -10.69% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NKE is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
35 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 14 analyst(s) rate the stock as a Hold, 20 recommend NKE as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NKE’s current price about -15.59% and -23.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.54, while 7-day volatility ratio is 10.30% and 4.61% in the 30-day chart. Further, Nike, Inc (NKE) has a beta value of 1.23, and an average true range (ATR) of 3.69. Analysts have given the company’s stock an average 52-week price target of $80, forecast between a low of $70 and high of $90. Looking at the price targets, the low is -28.68% off recent price level in today’s trading while to achieve the yearly target high, it has to move -65.44%. Nonetheless, investors will most likely welcome a -47.06% jump to $80 which is the analysts’ median price.
If we refocus on Nike, Inc (NYSE:NKE), historical trading data shows that trading volumes averaged 33.78 over the past 10 days and 18.11 million over the past 3 months. The company’s latest data on shares outstanding shows there are 1.18 billion shares.
The 21.53% of Nike, Inc’s shares are in the hands of company insiders while institutional holders own 65.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 36.57 million on 2025-03-14, giving us a short ratio of 2.73. The data shows that as of 2025-03-14 short interest in Nike, Inc (NKE) stood at 388.0 of shares outstanding, with shares short rising to 33.51 million registered in 2025-02-14. Current price change has pushed the stock -28.11% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NKE stock continues to rise going into the next quarter.
