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Nike, Inc. (NYSE: NKE) closed the day trading at $94.32 down -0.44% from the previous closing price of $94.74. In other words, the price has decreased by -$0.44 from its previous closing price. On the day, 7.29 million shares were traded. NKE stock price reached its highest trading level at $95.32 during the session, while it also had its lowest trading level at $93.7.
Ratios:
For a better understanding of NKE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.47 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.98. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 2.74. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.82.
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, BofA Securities on April 11, 2024, Upgraded its rating to Buy and sets its target price to $113 from $110 previously.
On March 22, 2024, Telsey Advisory Group reiterated its Outperform rating and also upped its target price recommendation from $120 to $115.
RBC Capital Mkts Downgraded its Outperform to Sector Perform on March 22, 2024, whereas the target price for the stock was revised from $110 to $100.
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 May 14 ’24 when PARKER MARK G sold 168,378 shares for $93.14 per share. The transaction valued at 15,682,727 led to the insider holds 1,102,090 shares of the business.
Nielsen Johanna sold 282 shares of NKE for $26,406 on May 09 ’24. The VP: CORP CONTROLLER now owns 730 shares after completing the transaction at $93.64 per share. On May 07 ’24, another insider, Matheson Monique S., who serves as the EVP: CHRO of the company, sold 45,000 shares for $94.16 each. As a result, the insider received 4,237,200 and left with 44,997 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 142362836992 and an Enterprise Value of 143894724608. As of this moment, Nike,’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.74, and their Forward P/E ratio for the next fiscal year is 23.84. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.76 while its Price-to-Book (P/B) ratio in mrq is 10.02. Its current Enterprise Value per Revenue stands at 2.79 whereas that against EBITDA is 20.97.
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 $88.66. The 50-Day Moving Average of the stock is 1.82%, while the 200-Day Moving Average is calculated to be -6.36%.
Shares Statistics:
Over the past 3-months, NKE traded about 9.74M shares per day on average, while over the past 10 days, NKE traded about 8719230 shares per day. 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 67.62% stake in the company. Shares short for NKE as of 1715731200 were 18335123 with a Short Ratio of 1.88, compared to 1713139200 on 19011146. Therefore, it implies a Short% of Shares Outstanding of 18335123 and a Short% of Float of 1.8800000000000001.
Dividends & Splits
NKE’s forward annual dividend rate is 1.45, up from 1.42 a year ago. Against a Trailing Annual Dividend Yield of 0.014988389The stock’s 5-year Average Dividend Yield is 1.01.
