The NIKE Inc. (NYSE:NKE) is going up by 1.39% in today’s trading session, a rise equivalent to 1.34% of the stock’s price from yesterday’s market close. A news came out 5 min ago stating that Peloton Backlash: Controversy Over Ads Often Is Short-Lived by WSJ. The lowest point that the shares touched during the trading session was $94.682, while the peak of the day was recorded at a share price of $95.95. NKE finished the previous session at $95.79 according to the data provided by Barchart, while the trading volume was observed to be $1964253.
In the 100 days of trading, NKE managed to top a 88.81% Moving average. Additionally, NIKE Inc. shares have achieved a 52-week range between 66.53 and 96.87 alongside 100 days raw stochastic set at 98.34%.
The number of shares outstanding, according to the fundamentals of the company, is set at 1.57B, equal to the value of $150.57B in market capitalization. In the last 30 days, NIKE Inc. shares went down by -0.32%, adding 97.16 to growth in value, on top of a +8.46% boost since 11/06/19.
NIKE Inc. (NYSE:NKE) Analyst’s Estimates
NIKE Inc. (NKE) could record at least $0.58 per share in quarterly earnings in the upcoming report on 12/19/2019, a number that would actually represent an increase of 3.45 YOY.
According to the average analyst rating, NIKE Inc. would be rated as Overweight. Out of 30 different analysts monitoring NKE stock, 19 analysts rate the stock as a BUY, 7 suggest to give the rating of HOLD, 3 indicate that NKE is an OVERWEIGHT, 1 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On December 05, 2019, the stock earned a Upgrade rating due to a new analyst call from Goldman, while analysts from Barclays believe that the stock is set at Overweight, as concluded on November 13, 2019. Raymond James, is still rather wary about the stock, deciding to keep the rating at Outperform as confirmed through a call on November 06, 2019.
Regardless of the rating, BofA/Merrill did increase their price to $98 as they are considering target share price analysis. Exane BNP Paribas, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on October 03, 2019, giving the stock a Underperform rating.
NKE Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +44.54% has been attained, while the operating margin has been recorded at +12.08%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 17.42%. Beta value of the stock is recorded at 0.83. Additionally, NIKE Inc. is recording price volatility of 1.31% for the period of the last seven days and 1.48% in the last 30 days.
NIKE Inc. (NYSE:NKE) Technical Outlook
For the period of the last 50 days, NIKE Inc. had its Raw Stochastic average set at 96.26% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 96.00%. Stochastic %K for NIKE Inc., with the last 20 days included, was set at 90.55%, having Stochastic %D topping 79.72%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for NIKE Inc. stocks with recording 29.20% in metrics.
NIKE Inc. Insider Watch:
Similarly, 84.88% of the company’s float is held by institutions – and there are 2,105 institutions in total holding shares of this company. The top three institutional holders of NKE stocks are: Vanguard Group, Inc. (The) with ownership of $9.96 billion, which is approximately 106003052 of the company’s shares; Blackrock Inc., holding 85187262 shares of the stock with an approximate value of $8.0 billion; and State Street Corporation, currently with more than 59383635 shares of the company valued at $5.58 billion. Positions in NIKE Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 51 insider purchases amounting to 1295318 shares. Similarly, there were 31 sale transactions amounting to 1100276 shares, with the net shares purchased during the last six months reaching 195,042.