Nike, Inc (NKE) 20 Days SMA touches -4.56%: The odds favor the bear

Nike, Inc (NYSE: NKE) kicked off on Friday, down -0.49% from the previous trading day, before settling in for the closing price of $73.67. Over the past 52 weeks, NKE has traded in a range of $70.75-$107.48.

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 -45.20%. With a float of $1.17 billion, this company’s outstanding shares have now reached $1.18 billion.

Let’s determine the extent of company efficiency that accounts for 79400 employees. In terms of profitability, gross margin is 44.6%, operating margin of 11.26%, and the pretax margin is 11.95%.

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 21.36%, while institutional ownership is 64.95%. The most recent insider transaction that took place on Dec 27 ’24, was worth 191,624. In this transaction Director of this company bought 2,500 shares at a rate of $76.65, taking the stock ownership to the 34,403 shares. Before that another transaction happened on Nov 14 ’24, when Company’s EXECUTIVE CHAIRMAN sold 45,190 for $76.64, making the entire transaction worth $3,463,362. This insider now owns 967,659 shares in total.

Nike, Inc (NKE) Earnings and Forecasts

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.27 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -45.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.00% during the next five years compared to 8.40% growth over the previous five years of trading.

Nike, Inc (NYSE: NKE) Trading Performance Indicators

Take a look at Nike, Inc’s (NKE) current performance indicators. Last quarter, stock had a quick ratio of 1.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.21. Likewise, its price to free cash flow for the trailing twelve months is 19.68.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.24, a number that is poised to hit 0.31 in the next quarter and is forecasted to reach 2.57 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 9.15 million, which is a drop from its year-to-date volume of 10.48 million. As of the previous 9 days, the stock’s Stochastic %D was 13.02%. Additionally, its Average True Range was 1.81.

During the past 100 days, Nike, Inc’s (NKE) raw stochastic average was set at 3.35%, which indicates a significant decrease from 4.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.08% in the past 14 days, which was lower than the 27.23% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $77.05, while its 200-day Moving Average is $83.59. However, in the short run, Nike, Inc’s stock first resistance to watch stands at $74.00. Second resistance stands at $74.68. The third major resistance level sits at $75.18. If the price goes on to break the first support level at $72.82, it is likely to go to the next support level at $72.32. Should the price break the second support level, the third support level stands at $71.64.

Nike, Inc (NYSE: NKE) Key Stats

The company with the Market Capitalisation of 108.59 billion has total of 1,499,359K 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 12,354 M and last quarter income was 1,163 M.