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After finishing at $75.32 in the prior trading day, Nike, Inc (NYSE: NKE) closed at $75.92, up 0.80%. In other words, the price has increased by $0.80 from its previous closing price. On the day, 11.78 million shares were traded. NKE stock price reached its highest trading level at $76.37 during the session, while it also had its lowest trading level at $75.22.
Ratios:
Our goal is to gain a better understanding of NKE by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 10.98 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.67. For the most recent quarter (mrq), Quick Ratio is recorded 1.58 and its Current Ratio is at 2.36. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.76.
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 the company, Truist on October 10, 2024, Upgraded its rating to Buy and sets its target price to $97 from $83 previously.
On October 02, 2024, Telsey Advisory Group reiterated its Outperform rating and also upped its target price recommendation from $100 to $96.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 112113336320 and an Enterprise Value of 114838593536. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.78, and their Forward P/E ratio for the next fiscal year is 23.71. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.26 while its Price-to-Book (P/B) ratio in mrq is 8.12. Its current Enterprise Value per Revenue stands at 2.296 whereas that against EBITDA is 15.948.
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 -6.88%, while the 200-Day Moving Average is calculated to be -14.17%.
Shares Statistics:
The stock has traded on average 11.74M shares per day over the past 3-months and 9839000 shares per day over the last 10 days, according to various share statistics. A total of 1.21B shares are outstanding, with a floating share count of 1.17B. Insiders hold about 21.36% of the company’s shares, while institutions hold 65.82% stake in the company. Shares short for NKE as of 1728950400 were 23393086 with a Short Ratio of 1.99, compared to 1726185600 on 23353332. Therefore, it implies a Short% of Shares Outstanding of 23393086 and a Short% of Float of 2.4600001.
Dividends & Splits
In the trailing 12 months, NKE’s forward annual dividend rate was 1.48, compared to 1.48 this year. Against a Trailing Annual Dividend Yield of 0.019649496The stock’s 5-year Average Dividend Yield is 1.08.
