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Nike, Inc. (NKE) Stock: Navigating Market Highs and Lows in 52 Weeks

Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Nike, Inc.’s current trading price is -29.18% away from its 52-week high, while its distance from the 52-week low is 2.79%. The stock’s price range during this period has varied between $88.66 and $128.68. The company, active in the Consumer Cyclical sector, saw a trading volume of around 5.45 million for the day, considerably lower average daily volume of 9.44 million observed over the last three months.

Nike, Inc.’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $128.68 on 05/01/23, and the lowest price during the same period was recorded at $88.66 on 09/28/23.

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How Financial Performance Impacts Market Capitalization

Nike, Inc. (NKE) has experienced a quarterly decline of -16.06% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 138.07B and boasts a workforce of 83700 employees.

The Role of Moving Averages and Trading Volume in Technical Analysis

Based on Barchart.com data, the company’s moving average over the 100-day period was 105.39, with a change in price of -16.18. Similarly, Nike, Inc. recorded 9,354,146 in trading volume during the last 100 days, posting a change of -15.09%.

How NKE’s Debt-to-Equity Ratio Affects Financial Health

A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to 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, the raw stochastic average of Nike, Inc. over the past 50 days is 1.45%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 2.06%. Additionally, the Stochastic %K and %D values for the company were 9.53% and 14.22%, respectively, over the past 20 days.

NKE Stock Price Performance Analysis

The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -16.06%.However, over the last six months, we can see a stronger performance of -4.69%. Over the last 30 days, the price of NKE has leaped by -10.55%. And in the last five days, it has fallen by -2.79%.

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