A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Year to date metric has recorded a gain of 2.23%.However, over the last six months, we can see a weaker performance of 5.05%. Over the last 30 days, the price of NKE has fallen by 25.53%. And in the last five days, it has surged by 3.39%.
Nike, Inc (NKE) currently has a stock price of $74.7. The stock saw a sharp increase in the last trading session, hitting a high of $120.0 after opening at $74.48. The lowest recorded price for the day was $38.0 before it closed at $72.47.
Nike, Inc’s stock has had a tumultuous market performance.
52-week price history of NKE Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Nike, Inc’s current trading price is -17.57% away from its 52-week high, while its distance from the 52-week low is 42.88%. The stock’s price range over this timeframe has been between $52.28 and $90.62. The shares of the Consumer Cyclical sector company recorded a trading volume of approximately 4.96 million for the day, which was comparatively lower than the average daily volume of 17.1 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Nike, Inc (NKE) has experienced a quarterly rise of 33.97% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 111.00B and boasts a workforce of 77800 employees.
Expert Opinions: Analysts’ Ratings for Nike, Inc
As of right now, 15 analysts are rating Nike, Inc as a BUY, 5 of the polled analysts branded the stock as an OVERWEIGHT, 19 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 analyst is rating the stock as SELL.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 65.07, with a change in price of -7.01. Similarly, Nike, Inc recorded 19,151,605 in trading volume during the last 100 days, posting a change of -8.58%.
NKE’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder 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 0.80.
NKE Stock Stochastic Average
Nike, Inc’s raw stochastic average for the past 50 days is currently at 85.53%. This represents a surge from the raw stochastic average of the last 20 days, which was recorded at 84.55%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 77.46% and 74.05%, respectively.
