In today’s recent session, 2.22 million shares of the Nike, Inc (NYSE:NKE) have been traded, and its beta is 1.03. Most recently the company’s share price was $74.04, and it changed around -$0.85 or -1.14% from the last close, which brings the market valuation of the company to $110.21B. NKE at last check was trading at a discount to its 52-week high of $123.39, offering almost -66.65% off that amount. The share price’s 52-week low was $70.75, which indicates that the recent value has risen by an impressive 4.44% since then. We note from Nike, Inc’s average daily trading volume that its 10-day average is 10.07 million shares, with the 3-month average coming to 11.33 million.
Nike, Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.24. If we narrow it down even further, the data shows that 1 out of 41 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 17 recommended NKE as a Hold, whereas 15 deemed it a Buy, and 1 rated it as Underweight. Nike, Inc is expected to report earnings per share of 0.65 for the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Nike, Inc (NYSE:NKE) trade information
Instantly NKE has been showing red trend so far today with a performance of -1.14% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 77.65 on recent trading dayincreased the stock’s daily price by 4.65%. The company’s shares are currently down -31.81% year-to-date, but still down -3.42% over the last five days. On the other hand, Nike, Inc (NYSE:NKE) is -9.13% down in the 30-day period. We can see from the shorts that 23.12 million shares have been sold at a short interest cover period of 2.0 day(s).
The consensus price target as assigned by Wall Street analysts is $102, which translates to bulls needing to increase their stock price by 27.41% from its current value. Analyst projections state that NKE is forecast to be at a low of $51 and a high of $182.
Nike, Inc (NKE) estimates and forecasts
Nike, Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -20.23 percent over the past six months and at a -30.63% annual growth rate that is well below the industry average of 10.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -37.38% in revenue this quarter, and will report a decrease of -31.73% in the next quarter. The year-over-year growth rate is expected to be -7.44%, down from the previous year.
Consensus estimates provided by 25 financial analysts predict the company will bring in an average of 12.19B in revenue for the current quarter. 25 analysts expect Nike, Inc to make 11.63B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 13.39B and 12.43B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.97%. Forecasts for the next quarter put sales growth at -6.41%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 8.40%. Nike, Inc earnings are expected to increase by -30.40% in 2024, but the outlook is positive 9.50% per year for the next five years.
NKE Dividends
Nike, Inc’s next quarterly earnings report is expected to be released on 2024-Dec-19. The annual dividend yield of the stock is 2.00 percent and its annual dividend per share was 1.48. It is important to note, however, that the 2.00% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.08 per year.
Nike, Inc (NYSE:NKE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.69% of Nike, Inc shares, and 81.92% of them are in the hands of institutional investors. The stock currently has a share float of 83.33%. Nike, Inc stock is held by 2984.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 7.3999% of the shares, which is about 111.59 million shares worth $8.41 billion.
BLACKROCK INC., with 6.0693% or 91.53 million shares worth $6.9 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Jun 30, 2024. The former held 38.27 shares worth $2.84 billion, making up 3.19% of all outstanding shares. On the other hand, Vanguard 500 Index Fund held roughly 31.09 shares worth around $2.31 billion, which represents about 2.59% of the total shares outstanding.
