The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Nike, Inc’s current trading price is -37.08% away from its 52-week high, while its distance from the 52-week low is 9.74%. The stock’s price range for this period has been between $70.75 and $123.39 The company’s shares, which are part of the Consumer Cyclical sector, had a trading volume of approximately 12.02 million for the day, a number notably higher than the average daily volume of 11.73 million over the last three months.
Nike, Inc experienced a somewhat shaky performance in the stock market. The company’s stock reached a 1-year high of $123.39 on 12/20/23, while the lowest price for the same period was registered at $70.75 on 08/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Nike, Inc (NKE) has experienced a quarterly decline of -0.58% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 116.02B and boasts a workforce of 79400 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 79.34, with a change in price of +5.26. Similarly, Nike, Inc recorded 11,699,907 in trading volume during the last 100 days, posting a change of +7.27%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NKE stands at 0.87. Similarly, the long-term debt-to-equity ratio is also 0.76.
NKE Stock Stochastic Average
Nike, Inc’s raw stochastic average for the past 50 days is presently 28.93%, as of today. This marks a decrease from the raw stochastic average of the last 20 days, which was 58.21%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 71.09% and 77.20%, respectively.
NKE Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Until today this year the stock’s price performance recorded a decrease of -28.49%. However, over the last six months, the performance has been stronger by -19.13%. The price of NKE increased 2.27% over the last 30 days. And in the last five days, it has fallen by -1.83%.
