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In the latest session, Nike, Inc. (NYSE: NKE) closed at $79.01 up 0.78% from its previous closing price of $78.40. In other words, the price has increased by $0.78 from its previous closing price. On the day, 5.74 million shares were traded. NKE stock price reached its highest trading level at $79.49 during the session, while it also had its lowest trading level at $78.11.
Ratios:
For a deeper understanding of Nike, Inc.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.90. 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.
On July 02, 2024, RBC Capital Mkts reiterated its Sector Perform rating and also upped its target price recommendation from $100 to $75.
Telsey Advisory Group reiterated its Outperform rating for the stock on June 28, 2024, while the target price for the stock was revised from $115 to $100.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 14 ’24 when PARKER MARK G sold 52,487 shares for $78.00 per share. The transaction valued at 4,093,986 led to the insider holds 1,031,226 shares of the business.
PARKER MARK G bought 52,487 shares of NKE for $4,093,986 on Aug 14 ’24. On Aug 07 ’24, another insider, Friend Matthew, who serves as the EVP: CFO of the company, sold 5,410 shares for $72.88 each. As a result, the insider received 394,281 and left with 16,814 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 118464438272 and an Enterprise Value of 118865346560. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.20, and their Forward P/E ratio for the next fiscal year is 22.43. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.31 while its Price-to-Book (P/B) ratio in mrq is 8.23. Its current Enterprise Value per Revenue stands at 2.314 whereas that against EBITDA is 15.644.
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 $70.75. The 50-Day Moving Average of the stock is 2.62%, while the 200-Day Moving Average is calculated to be -16.04%.
Shares Statistics:
For the past three months, NKE has traded an average of 15.19M shares per day and 9184970 over the past ten days. A total of 1.21B shares are outstanding, with a floating share count of 1.18B. Insiders hold about 21.19% of the company’s shares, while institutions hold 67.27% stake in the company. Shares short for NKE as of 1724976000 were 19143833 with a Short Ratio of 1.26, compared to 1722384000 on 23022782. Therefore, it implies a Short% of Shares Outstanding of 19143833 and a Short% of Float of 1.9900000000000002.
Dividends & Splits
According to the company, the forward annual dividend rate for NKE is 1.48, from 1.45 in the trailing year. Against a Trailing Annual Dividend Yield of 0.018494898The stock’s 5-year Average Dividend Yield is 1.05.
