During the recent session, NIKE Inc. (NYSE:NKE)’s traded shares were 1.42 million, with the beta value of the company hitting 1.11. At the last check today, the stock’s price was $108.04, reflecting an intraday gain of 0.52% or $0.56. The 52-week high for the NKE share is $131.31, that puts it down -21.54 from that peak though still a striking 23.9% gain since the share price plummeted to a 52-week low of $82.22. The company’s market capitalization is $171.11B, and the average intraday trading volume over the past 10 days was 8.55 million shares, and the average trade volume was 6.03 million shares over the past three months.
NIKE Inc. (NKE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.30. NKE has a Sell rating from 2 analyst(s) out of 35 analysts who have looked at this stock. 10 analyst(s) recommend to Hold the stock while 5 suggest Overweight, and 17 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.61.
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NIKE Inc. (NYSE:NKE) trade information
NIKE Inc. (NKE) registered a 0.52% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 0.52% in intraday trading to $108.04 this Thursday, 05/25/23, hitting a weekly high. The stock’s 5-day price performance is -5.86%, and it has moved by -14.05% in 30 days. Based on these gigs, the overall price performance for the year is -0.15%. The short interest in NIKE Inc. (NYSE:NKE) is 11.72 million shares and it means that shorts have 2.64 day(s) to cover.
The consensus price target of analysts on Wall Street is $136.43, which implies an increase of 20.81% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $95.00 and $160.00 respectively. As a result, NKE is trading at a discount of -48.09% off the target high and 12.07% off the low.
NIKE Inc. (NKE) estimates and forecasts
Statistics show that NIKE Inc. has underperformed its competitors in share price, compared to the industry in which it operates. NIKE Inc. (NKE) shares have gone up 1.30% during the last six months, with a year-to-date growth rate less than the industry average at -13.60% against 0.50. Yet analysts are ramping up their growth forecast for the fiscal year 2023. Revenue is predicted to shrink -32.20% this quarter and then jump 7.50% in the quarter after that. In the rating firms’ projections, revenue will increase 1.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $11.69 billion as predicted by 23 analyst(s). Meanwhile, a consensus of 15 analyst(s) estimates revenue growth to $12.69 billion by the end of Aug 2023. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $12.23 billion and $12.69 billion respectively.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 8.40%. While earnings are projected to return 5.50% in 2023, the next five years will return 8.56% per annum.
NKE Dividends
NIKE Inc. is due to release its next quarterly earnings between June 26 and June 30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for NIKE Inc. is 1.36, with the dividend yield indicating at 1.27 percent, continuing the trend of increasing dividends in recent years.
