A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The metric has seen a significant loss of -17.19% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -6.14%. Over the past 30 days, the price of NKE has leaped by -8.43%. And in the last five days, it has fallen by -2.86%.
Nike, Inc. ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $128.68 on 05/01/23, while the lowest value for the same period was recorded 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 -30.13% away from its 52-week high, while its distance from the 52-week low is 1.41%. 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 3.01 million for the day, a figure considerably lower than their average daily volume of 9.5 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Nike, Inc. (NKE) has experienced a quarterly decline of -11.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 136.23B 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 104.65, with a change in price of -16.30. Similarly, Nike, Inc. recorded 9,399,720 in trading volume during the last 100 days, posting a change of -15.36%.
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
Nike, Inc.’s raw stochastic average for the past 50 days is presently 5.42%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 7.38%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 3.00% and 1.71%, respectively.
