Nike, Inc. (NYSE:NKE) shares, rose in value on Thursday, April 25, with the stock price down by -1.44% to the previous day’s close as strong demand from buyers drove the stock to $93.28.
Actively observing the price movement in the recent trading, the stock is buoying the session at $94.64. The PE ratio was 27.44 over 12-month period. Referring to stock’s 52-week performance, its high was $128.68, and the low was $88.66. On the whole, NKE has fluctuated by 0.76% over the past month.
The company’s Forward Dividend Ratio is 1.42, with its dividend yield at 1.52%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 51.67B, with a low estimate of 12.53B and a high estimate of 13B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 12.88B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NKE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.04, with the price of NKE currently trading nearly 0.94% and -4.50% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.85, while the 7-day volatility ratio is showing 1.31% which for the 30-day chart, stands at 1.66%. Furthermore, Nike, Inc. (NKE)’s beta value is 1.07, and its average true range (ATR) is 1.87.
A comparison of Nike, Inc. (NKE) with its peers suggests the former has fared considerably weaker in the market. NKE showed an intraday change of -1.44% in today’s session so far, and over the past year, it shrunk by -25.17%%.
Data on historical trading for Nike, Inc. (NYSE:NKE) indicates that the trading volumes over the past 3 months, they’ve averaged 9.71 million. According to company’s latest data on outstanding shares, there are 1.23 billion shares outstanding.
Nearly 22.45% of Nike, Inc.’s shares belong to company insiders and institutional investors own 67.92% of the company’s shares. The stock has fallen by -14.08% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NKE stock heading into the next quarter.
