Nike, Inc. (NYSE: NKE) kicked off on Friday, up 0.77% from the previous trading day, before settling in for the closing price of $83.41. Over the past 52 weeks, NKE has traded in a range of $70.75-$123.39.
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During the last 5-year period, the sales growth of Consumer Cyclical Sector giant was 5.90%. While this was happening, its average annual earnings per share was recorded -20.77%. With a float of $1.18 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. In terms of profitability, gross margin is 44.56%, operating margin of 12.36%, and the pretax margin is 13.04%.
Nike, Inc. (NKE) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Footwear & Accessories Industry. The insider ownership of Nike, Inc. is 21.30%, while institutional ownership is 67.50%. The most recent insider transaction that took place on Aug 14 ’24, was worth 4,093,986. In this transaction EXECUTIVE CHAIRMAN of this company sold 52,487 shares at a rate of $78.00, taking the stock ownership to the 1,031,226 shares. Before that another transaction happened on Aug 14 ’24, when Company’s Officer proposed sale 52,487 for $78.00, making the entire transaction worth $4,093,986.
Nike, Inc. (NKE) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around -20.77% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.84% during the next five years compared to 8.40% growth over the previous five years of trading.
Nike, Inc. (NYSE: NKE) Trading Performance Indicators
Take a look at Nike, Inc.’s (NKE) current performance indicators. Last quarter, stock had a quick ratio of 1.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.45. Likewise, its price to free cash flow for the trailing twelve months is 19.05.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.73, a number that is poised to hit 0.53 in the next quarter and is forecasted to reach 3.55 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 8.42 million, which is a drop from its year-to-date volume of 11.47 million. As of the previous 9 days, the stock’s Stochastic %D was 93.10%. Additionally, its Average True Range was 1.81.
During the past 100 days, Nike, Inc.’s (NKE) raw stochastic average was set at 48.74%, which indicates a significant decrease from 95.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.88% in the past 14 days, which was lower than the 42.65% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $79.42, while its 200-day Moving Average is $95.78. However, in the short run, Nike, Inc.’s stock first resistance to watch stands at $84.45. Second resistance stands at $84.86. The third major resistance level sits at $85.47. If the price goes on to break the first support level at $83.43, it is likely to go to the next support level at $82.82. Should the price break the second support level, the third support level stands at $82.41.
Nike, Inc. (NYSE: NKE) Key Stats
The company with the Market Capitalisation of 126.03 billion has total of 1,509,359K Shares Outstanding. Its annual sales at the moment are 51,362 M in contrast with the sum of 5,700 M annual income. Company’s last quarter sales were recorded 12,606 M and last quarter income was 1,500 M.
