Perhaps this is the right time to buy: NIKE Inc. (NKE) – Invest Chronicle

Perhaps this is the right time to buy: NIKE Inc. (NKE)

At the end of the latest market close, NIKE Inc. (NKE) was valued at $174.24. In that particular session, Stock kicked-off at the price of $173.05 while reaching the peak value of $173.43 and lowest value recorded on the day was $170.41. The stock current value is $172.15.Recently in News on November 18, 2021, NIKE, Inc. Announces 11 Percent Increase in Quarterly Dividend. NIKE, Inc. (NYSE: NKE) announced today that its Board of Directors approved a quarterly cash dividend of $0.305 per share on the company’s outstanding Class A and Class B Common Stock. This represents an increase of 11 percent versus the prior quarterly dividend rate of $0.275 per share. The dividend declared today is payable on December 28, 2021 to shareholders of record at the close of business December 6, 2021. You can read further details here

NIKE Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $179.10 on 11/05/21, with the lowest value was $125.44 for the same time period, recorded on 03/25/21.


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NIKE Inc. (NKE) full year performance was 28.35%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NIKE Inc. shares are logging -3.88% during the 52-week period from high price, and 37.24% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $125.44 and $179.10.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 5265993 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the NIKE Inc. (NKE) recorded performance in the market was 21.69%, having the revenues showcasing 1.36% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 266.98B, as it employees total of 73300 workers.

Specialists analysis on NIKE Inc. (NKE)

During the last month, 20 analysts gave the NIKE Inc. a BUY rating, 3 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 163.27, with a change in the price was noted +12.41. In a similar fashion, NIKE Inc. posted a movement of +7.77% for the period of last 100 days, recording 5,898,632 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NKE is recording 0.66 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.66.

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Trends and Technical analysis: NIKE Inc. (NKE)

Raw Stochastic average of NIKE Inc. in the period of last 50 days is set at 79.99%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 60.15%. In the last 20 days, the company’s Stochastic %K was 69.36% and its Stochastic %D was recorded 67.51%.

Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 21.69%. Additionally, trading for the stock in the period of the last six months notably improved by 25.76%, alongside a boost of 28.35% for the period of the last 12 months. The shares increased approximately by 0.19% in the 7-day charts and went down by 4.83% in the period of the last 30 days. Common stock shares were driven by 1.36% during last recorded quarter.

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