In the latest trading session, 1.9 million Nike, Inc. (NYSE:NKE) shares changed hands as the company’s beta touched 1.05. With the company’s most recent per share price at $94.05 changing hands around $0.69 or 0.74% at last look, the market valuation stands at $141.96B. NKE’s current price is a discount, trading about -35.77% off its 52-week high of $127.69. The share price had its 52-week low at $88.66, which suggests the last value was 5.73% up since then. When we look at Nike, Inc.’s average trading volume, we note the 3-month average coming to 9.33 million.
Nike, Inc. (NYSE:NKE) trade information
Instantly NKE is in green as seen in intraday trades today. With action 1.94%, the performance over the past five days has been green. The jump to weekly highs of 94.10 added 0.74% to the stock’s daily price. The company’s shares are showing year-to-date downside of -13.37%, with the 5-day performance at 1.94% in the green. However, in the 30-day time frame, Nike, Inc. (NYSE:NKE) is 4.50% up.
Nike, Inc. (NKE) estimates and forecasts
Data shows that the Nike, Inc. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -12.15% over the past 6 months, a 15.48% in annual growth rate that is considerably higher than the industry average of 8.60%. Year-over-year growth is forecast to reach -6.20% down from the last financial year.
Consensus estimates given by 23 financial analysts project the company’s revenue in the current quarter to hit an average of 11.98B. 19 analysts are of the opinion that Nike, Inc.’s revenue for the current quarter will be 11.75B. The company’s revenue for the corresponding quarters a year ago was 12.82B. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -6.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.52%. The 2024 estimates are for Nike, Inc. earnings to increase by 14.73%, but the outlook for the next 5-year period is at 13.43% per year.
NKE Dividends
Nike, Inc. is expected to release its next quarterly earnings report in June. The 1.51% annual yield figure for the share gives it an annual dividend of 1.42. It is important to note, however, that the 1.51% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
