Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Until today this year the stock’s price performance recorded a decrease of -13.91%. However, over the last six months, the performance has been weaker by 3.66%. The price of NKE decreased -11.11% over the last 30 days. And in the last five days, it has fallen by -6.78%.
Nike, Inc. experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $128.68 on 05/01/23, while the lowest price for the same period was registered at $88.66 on 09/28/23.
52-week price history of NKE Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Nike, Inc.’s current trading price is -27.36% away from its 52-week high, while its distance from the 52-week low is 5.42%. The stock’s price range during this period has varied between$88.66 and $128.68. The Nike, Inc.’s shares, which operate in the Consumer Cyclical, saw a trading volume of around 5.61 million for the day, a figure considerably lower than their average daily volume of 9.35 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Nike, Inc. (NKE) has experienced a quarterly decline of -13.47% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 141.62B and boasts a workforce of 83700 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 105.80, with a change in price of -7.36. Similarly, Nike, Inc. recorded 9,237,814 in trading volume during the last 100 days, posting a change of -7.30%.
NKE’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for NKE stands at 0.85. Similarly, the long-term debt-to-equity ratio is also 0.82.
NKE Stock Stochastic Average
As of today, Nike, Inc.’s raw stochastic average for the last 50 days stands at 11.43%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 12.96%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 11.28% and 15.38%, respectively.
