Nike, Inc. (NYSE:NKE) price is hovering higher on Monday, April 15, jumping 1.28% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $92.00. The company’s P/E ratio in the trailing 12-month period read 27.41. Taking into account the 52-week price action we note that the stock hit a 52-week high of $128.68 and 52-week low of $88.66. The stock subtracted -7.06% on its value in the past month.
Nike, Inc., which has a market valuation of $140.65 billion. The company stock has a Forward Dividend ratio of 1.42, while the dividend yield is 1.52%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NKE a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 2.04. The overview shows that NKE’s price is at present -0.53% off the SMA20 and -5.94% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 45.92, with weekly volatility standing at 1.65%. The indicator jumps to 1.89% when calculated based on the past 30 days. Nike, Inc. (NYSE:NKE)’s beta value is holding at 1.08, while the average true range (ATR) indicator is currently reading 2.07.
An analysis of the Nike, Inc. (NYSE:NKE) stock in terms of its daily trading volume indicates that the 3-month average is 9.66 million.
Current records show that the company has 1.23B in outstanding shares. The insiders’ percentage holdings are 22.45% of outstanding shares while the percentage share held by institutions stands at 68.12%. But the -14.18% downside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
