Home  »  Science   »  NIKE Inc. (NYSE: NKE) Is Up 23.9% From Its 52-Week...

NIKE Inc. (NYSE: NKE) Is Up 23.9% From Its 52-Week Low; YTD, It Is Down -7.67% – What To Do Now

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.

25-cent Stock Takes $11T Commodities Sector Digital

One brilliantly-run technology firm has successfully partnered with some of the largest players in the industry to bring a first-of-its-kind digital solution to the global commodities supply chain sector. Best of all, this upstart technology firm is currently trading undiscovered — below 25-cents per share — so very, very few investors know about it yet! For investors… it's an early-stage opportunity in a company that's bringing the US$11T global commodities sector straight into the 21st century.

All the details are in the FREE online report you can get here.


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.

NIKE Inc. (NYSE:NKE)’s Major holders

On Key

Related Posts