Nike, Inc. (NKE) with a beta value of 1.00 appears to be a promising investment opportunity.

On Tuesday, Nike, Inc. (NYSE: NKE) was 1.51% up from the session before settling in for the closing price of $71.42. A 52-week range for NKE has been $70.75 – $123.39.

During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 5.90%. When this article was written, the company’s average yearly earnings per share was at -20.26%. With a float of $1.16 billion, this company’s outstanding shares have now reached $1.21 billion.

Let’s determine the extent of company efficiency that accounts for 79400 employees.

Nike, Inc. (NKE) Breakdown of a Key Holders of the stock

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Nike, Inc. stocks. The insider ownership of Nike, Inc. is 22.60%, while institutional ownership is 67.45%. The most recent insider transaction that took place on Jul 18 ’24, was worth 8,026,700. In this transaction EXECUTIVE CHAIRMAN of this company sold 110,000 shares at a rate of $72.97, taking the stock ownership to the 1,102,090 shares. Before that another transaction happened on Jun 28 ’24, when Company’s Director bought 2,941 for $77.02, making the entire transaction worth $226,516. This insider now owns 20,946 shares in total.

Nike, Inc. (NKE) Recent Fiscal highlights

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.76 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -20.26% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.92% during the next five years compared to 8.40% growth over the previous five years of trading.

Nike, Inc. (NYSE: NKE) Trading Performance Indicators

You can see what Nike, Inc. (NKE) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.12. Likewise, its price to free cash flow for the trailing twelve months is 16.43.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.73, a number that is poised to hit 0.54 in the next quarter and is forecasted to reach 3.57 in one year’s time.

Technical Analysis of Nike, Inc. (NKE)

Looking closely at Nike, Inc. (NYSE: NKE), its last 5-days average volume was 12.48 million, which is a jump from its year-to-date volume of 11.47 million. As of the previous 9 days, the stock’s Stochastic %D was 40.10%. Additionally, its Average True Range was 1.97.

During the past 100 days, Nike, Inc.’s (NKE) raw stochastic average was set at 5.51%, which indicates a significant decrease from 37.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 29.01% in the past 14 days, which was lower than the 42.57% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $83.19, while its 200-day Moving Average is $97.29. However, in the short run, Nike, Inc.’s stock first resistance to watch stands at $73.32. Second resistance stands at $74.15. The third major resistance level sits at $75.05. If the price goes on to break the first support level at $71.59, it is likely to go to the next support level at $70.69. Now, if the price goes above the second support level, the third support stands at $69.86.

Nike, Inc. (NYSE: NKE) Key Stats

There are 1,509,359K outstanding shares of the company, which has a market capitalization of 108.71 billion. As of now, sales total 51,362 M while income totals 5,700 M. Its latest quarter income was 12,606 M while its last quarter net income were 1,500 M.