On November 20, 2023, Nike, Inc. (NYSE: NKE) opened at $106.00, higher 0.34% from the last session. During the day, the shares moved up to $106.55 and dropped to $105.10 before settling in for the closing price of $105.96. Price fluctuations for NKE have ranged from $88.66 to $131.31 over the past 52 weeks.
It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 7.34%. Company’s average yearly earnings per share was noted 15.23% at the time writing. With a float of $1.18 billion, this company’s outstanding shares have now reached $1.23 billion.
The extent of productivity of a business whose workforce counts for 83700 workers is very important to gauge. In terms of profitability, gross margin is +42.36, operating margin of +10.38, and the pretax margin is +12.11.
Nike, Inc. (NKE) Insider Updates
A key investor’s attitude towards the stock of the Footwear & Accessories industry is another important factor to consider. The insider ownership of Nike, Inc. is 22.28%, while institutional ownership is 67.30%. The most recent insider transaction that took place on Oct 16, was worth 5,785,864. In this transaction EXECUTIVE CHAIRMAN of this company sold 58,091 shares at a rate of $99.60, taking the stock ownership to the 1,255,600 shares. Before that another transaction happened on Oct 02, when Company’s Director bought 13,072 for $96.13, making the entire transaction worth $1,256,611. This insider now owns 18,005 shares in total.
Nike, Inc. (NKE) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 8/30/2023, the company posted $0.86 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.68) by $0.18. This company achieved a net margin of +9.90 while generating a return on equity of 34.63. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.9 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.23% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 14.49% during the next five years compared to 22.52% growth over the previous five years of trading.
Nike, Inc. (NYSE: NKE) Trading Performance Indicators
Check out the current performance indicators for Nike, Inc. (NKE). In the past quarter, the stock posted a quick ratio of 1.84. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.15. Likewise, its price to free cash flow for the trailing twelve months is 36.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.24, a number that is poised to hit 0.83 in the next quarter and is forecasted to reach 4.35 in one year’s time.
Technical Analysis of Nike, Inc. (NKE)
The latest stats from [Nike, Inc., NKE] show that its last 5-days average volume of 7.75 million was superior to 7.38 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 37.58%. Additionally, its Average True Range was 2.26.
During the past 100 days, Nike, Inc.’s (NKE) raw stochastic average was set at 74.86%, which indicates a significant increase from 59.18% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.08% in the past 14 days, which was higher than the 24.08% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $99.94, while its 200-day Moving Average is $110.70. Now, the first resistance to watch is $106.88. This is followed by the second major resistance level at $107.44. The third major resistance level sits at $108.33. If the price goes on to break the first support level at $105.43, it is likely to go to the next support level at $104.54. Assuming the price breaks the second support level, the third support level stands at $103.98.
Nike, Inc. (NYSE: NKE) Key Stats
There are currently 1,521,910K shares outstanding in the company with a market cap of 161.82 billion. Presently, the company’s annual sales total 51,217 M according to its annual income of 5,070 M. Last quarter, the company’s sales amounted to 12,939 M and its income totaled 1,450 M.