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Nike, Inc. (NKE) Looks Ready for Growth Despite -16.24% Change This Year

Nike, Inc. (NYSE: NKE) is -16.24% lower on its value in year-to-date trading and has touched a low of $88.66 and a high of $126.46 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NKE stock was last observed hovering at around $93.39 in the last trading session, with the day’s loss setting it -2.45%.

Currently trading at $90.94, the stock is -2.73% and -4.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.51 million and changing -2.62% at the moment leaves the stock -10.91% off its SMA200. NKE registered -26.37% loss for a year compared to 6-month loss of -16.87%.

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The stock witnessed a -1.15% gain in the last 1 month and extending the period to 3 months gives it a -12.98%, and is -1.31% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.33% over the week and 1.59% over the month.

Nike, Inc. (NKE) has around 83700 employees, a market worth around $137.27B and $51.57B in sales. Current P/E ratio is 26.75 and Fwd P/E is 23.00. Profit margin for the company is 10.14%. Distance from 52-week low is 2.57% and -28.09% from its 52-week high. The company has generated returns on investments over the last 12 months (20.24%).

The EPS is expected to grow by 14.73% this year.

Nike, Inc. (NKE) Top Institutional Holders

The shares outstanding are 1.23B, and float is at 1.17B with Short Float at 1.46%.

Nike, Inc. (NKE) Insider Activity

The most recent transaction is an insider sale by Nielsen Johanna,the company’sVP: CORP CONTROLLER. SEC filings show that Nielsen Johanna sold 282 shares of the company’s common stock on May 09 ’24 at a price of $93.64 per share for a total of $26406.0. Following the sale, the insider now owns 730.0 shares.

Nike, Inc. disclosed in a document filed with the SEC on May 07 ’24 that Matheson Monique S. (EVP: CHRO) sold a total of 45,000 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $94.16 per share for $4.24 million. Following the transaction, the insider now directly holds 44997.0 shares of the NKE stock.

Still, SEC filings show that on Feb 14 ’24, PARKER MARK G (EXECUTIVE CHAIRMAN) disposed off 168,378 shares at an average price of $105.00 for $17.68 million. The insider now directly holds 1,178,845 shares of Nike, Inc. (NKE).

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