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The price of Nike, Inc. (NYSE: NKE) closed at $73.42 in the last session, up 0.04% from day before closing price of $73.39. In other words, the price has increased by $0.04 from its previous closing price. On the day, 14.48 million shares were traded. NKE stock price reached its highest trading level at $74.05 during the session, while it also had its lowest trading level at $73.172.
Ratios:
We take a closer look at NKE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.57 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.75. For the most recent quarter (mrq), Quick Ratio is recorded 1.69 and its Current Ratio is at 2.40. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.73.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on July 02, 2024, Reiterated its Sector Perform rating but revised its target price to $75 from $100 previously.
On June 28, 2024, Telsey Advisory Group reiterated its Outperform rating and also upped its target price recommendation from $115 to $100.
UBS Downgraded its Buy to Neutral on June 28, 2024, while the target price for the stock was maintained at $78.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 28 ’24 when SWAN ROBERT HOLMES bought 2,941 shares for $77.02 per share. The transaction valued at 226,516 led to the insider holds 20,946 shares of the business.
Friend Matthew sold 9,350 shares of NKE for $889,185 on Jun 05 ’24. The EVP: CFO now owns 27,312 shares after completing the transaction at $95.10 per share. On May 14 ’24, another insider, PARKER MARK G, who serves as the EXECUTIVE CHAIRMAN of the company, sold 168,378 shares for $93.14 each. As a result, the insider received 15,682,727 and left with 1,102,090 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NKE now has a Market Capitalization of 110817206272 and an Enterprise Value of 111087362048. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.70, and their Forward P/E ratio for the next fiscal year is 20.49. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.00. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.16 while its Price-to-Book (P/B) ratio in mrq is 7.80. Its current Enterprise Value per Revenue stands at 2.163 whereas that against EBITDA is 14.727.
Stock Price History:
Over the past 52 weeks, NKE has reached a high of $123.39, while it has fallen to a 52-week low of $71.67. The 50-Day Moving Average of the stock is -18.56%, while the 200-Day Moving Average is calculated to be -26.14%.
Shares Statistics:
According to the various share statistics, NKE traded on average about 13.03M shares per day over the past 3-months and 34118200 shares per day over the past 10 days. A total of 1.23B shares are outstanding, with a floating share count of 1.17B. Insiders hold about 22.45% of the company’s shares, while institutions hold 66.71% stake in the company. Shares short for NKE as of 1719532800 were 22660783 with a Short Ratio of 1.74, compared to 1717113600 on 21822332. Therefore, it implies a Short% of Shares Outstanding of 22660783 and a Short% of Float of 2.32.
Dividends & Splits
The forward annual dividend rate for NKE is 1.45, which was 1.45 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.01975746The stock’s 5-year Average Dividend Yield is 1.03.
