A new trading day began on Monday, with Nike, Inc. (NYSE: NKE) stock price down -1.74% from the previous day of trading, before settling in for the closing price of $82.92. NKE’s price has ranged from $70.75 to $123.39 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Consumer Cyclical sector saw sales topped by 5.90%. Meanwhile, its annual earnings per share averaged -30.41%. With a float of $1.17 billion, this company’s outstanding shares have now reached $1.21 billion.
The extent of productivity of a business whose workforce counts for 79400 workers is very important to gauge. In terms of profitability, gross margin is 44.84%, operating margin of 11.91%, and the pretax margin is 12.71%.
Nike, Inc. (NKE) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Footwear & Accessories Industry. The insider ownership of Nike, Inc. is 21.33%, while institutional ownership is 66.68%. 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) Latest Financial update
In its latest quarterly report, released on 8/31/2024, the company reported earnings of 1.03 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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 -30.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 9.00% during the next five years compared to 8.40% growth over the previous five years of trading.
Nike, Inc. (NYSE: NKE) Trading Performance Indicators
Here are Nike, Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.58. 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 16.82.
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 3.21 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 9.4 million was inferior to 11.68 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 50.29%. Additionally, its Average True Range was 1.89.
During the past 100 days, Nike, Inc.’s (NKE) raw stochastic average was set at 39.32%, which indicates a significant increase from 29.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 33.09% in the past 14 days, which was lower than the 45.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $82.60, while its 200-day Moving Average is $90.03. Now, the first resistance to watch is $82.57. This is followed by the second major resistance level at $83.65. The third major resistance level sits at $84.22. If the price goes on to break the first support level at $80.92, it is likely to go to the next support level at $80.35. The third support level lies at $79.27 if the price breaches the second support level.
Nike, Inc. (NYSE: NKE) Key Stats
With a market capitalization of 121.29 billion, the company has a total of 1,509,359K Shares Outstanding. Currently, annual sales are 51,362 M while annual income is 5,700 M. The company’s previous quarter sales were 11,589 M while its latest quarter income was 1,051 M.
