Nike, Inc. (NYSE: NKE) on Monday, plunged -1.73% from the previous trading day, before settling in for the closing price of $82.25. Within the past 52 weeks, NKE’s price has moved between $70.75 and $123.39.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Cyclical sector was 5.90%. The company achieved an average annual earnings per share of -30.16%. With a float of $1.18 billion, this company’s outstanding shares have now reached $1.21 billion.
Considering the fact that the conglomerate employs 79400 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 44.84%, operating margin of 11.91%, and the pretax margin is 12.71%.
Nike, Inc. (NKE) Breakdown of a Key Holders of the stock
Observing investor behavior towards Footwear & Accessories industry stocks is more important than anything else. The insider ownership of Nike, Inc. is 21.19%, while institutional ownership is 66.24%. 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) Recent Fiscal highlights
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 1.03 earnings per share (EPS) for the period topping the consensus outlook (set at 0.85) by 0.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -30.16% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.07% during the next five years compared to 8.40% growth over the previous five years of trading.
Nike, Inc. (NYSE: NKE) Trading Performance Indicators
Nike, Inc. (NKE) is currently performing well based on its current performance indicators. A quick ratio of 1.58 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.42. Likewise, its price to free cash flow for the trailing twelve months is 18.32.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.49, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 3.22 in one year’s time.
Technical Analysis of Nike, Inc. (NKE)
Compared to the last year’s volume of 11.79 million, its volume of 19.02 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 5.39%. Additionally, its Average True Range was 2.27.
During the past 100 days, Nike, Inc.’s (NKE) raw stochastic average was set at 36.94%, which indicates a significant increase from 7.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.40% in the past 14 days, which was lower than the 44.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $80.85, while its 200-day Moving Average is $91.41. Nevertheless, the first resistance level for the watch stands at $82.17 in the near term. At $83.51, the stock is likely to face the second major resistance level. The third major resistance level sits at $84.55. If the price goes on to break the first support level at $79.79, it is likely to go to the next support level at $78.75. Now, if the price goes above the second support level, the third support stands at $77.41.
Nike, Inc. (NYSE: NKE) Key Stats
Market capitalization of the company is 121.20 billion based on 1,509,359K outstanding shares. Right now, sales total 51,362 M and income totals 5,700 M. The company made 12,606 M in profit during its latest quarter, and 1,500 M in sales during its previous quarter.
