NIKE Inc. (NYSE:NKE) shares fell to a low of $136.26 before closing at $136.67. Intraday shares traded counted 8.97 million, which was -62.3% lower than its 30-day average trading volume of 5.53M. NKE’s previous close was $142.02 while the outstanding shares total 1.57B. The firm has a beta of 0.88, a 12-month trailing P/E ratio of 77.92, and a growth ratio of 2.27. The stock’s Relative Strength Index (RSI) is 42.57, with weekly volatility at 3.02% and ATR at 3.43. The NKE stock’s 52-week price range has touched low of $60.00 and a $147.95 high. The stock traded lower over the last trading session, losing -3.77% on 02/22/21.
Investors have identified the Footwear & Accessories company NIKE Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $220.12 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
NIKE Inc. (NKE) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 23.61 billion total, with 8.87 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 3.80 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on NKE sounds very interesting.
Is the stock of NKE attractive?
In related news, EVP, CAO & General Counsel, Krane Hilary K sold 18,500 shares of the company’s stock in a transaction that recorded on Feb 10. The sale was performed at an average price of 141.61, for a total value of 2,619,785. As the sale deal closes, the VP: CORP CONTROLLER, Abston Chris L now sold 30,000 shares of the company’s stock, valued at 4,350,000. Also, VP: CORP CONTROLLER, Abston Chris L sold 20,000 shares of the company’s stock in a deal that was recorded on Dec 30. The shares were price at an average price of 142.16 per share, with a total market value of 2,843,200. Following this completion of acquisition, the EXECUTIVE CHAIRMAN, PARKER MARK G now holds 130,000 shares of the company’s stock, valued at 18,365,505. In the last 6 months, insiders have changed their ownership in shares of company stock by 1.30%.
24 out of 31 analysts covering the stock have rated it a Buy, while 3 have maintained a Hold recommendation on NIKE Inc.. 0 analysts has assigned a Sell rating on the NKE stock. The 12-month mean consensus price target for the company’s shares has been set at $162.69.