The market performance of Nike, Inc.’s stock has been turbulent in recent times. Over the last year, the company’s stock reached its highest point at $123.39 on 12/20/23, while the lowest value for the same duration was $71.67 on 07/15/24.
52-week price history of NKE Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Nike, Inc.’s current trading price is -42.21% away from its 52-week high, while its distance from the 52-week low is -0.50%. The stock’s price range during the 52-week period has remained between $71.67 and $123.39. In the Consumer Cyclical sector, the company’s shares saw a trading volume of around 20.2 million for the day, which was evidently higher than the average daily volume of 13.09 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Nike, Inc. (NKE) has experienced a quarterly decline of -22.49% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 107.64B and boasts a workforce of 83700 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 92.94, with a change in price of -31.99. Similarly, Nike, Inc. recorded 12,118,915 in trading volume during the last 100 days, posting a change of -30.97%.
Examining NKE’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for NKE stands at 0.83. Similarly, the long-term debt-to-equity ratio is also 0.73.
NKE Stock Stochastic Average
Nike, Inc.’s raw stochastic average for the past 50 days is presently 0.26%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 0.26%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 4.47% and 4.45%, respectively.
NKE Stock Price Performance Analysis
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. This year’s metric has recorded a Price decrease of -34.32%. However, over the past six months, we’ve seen a stronger performance of -32.66%. The price of NKE leaped by -23.88% over the last 30 days. And in the last five days, it has fallen by -2.38%.