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Nike, Inc. (NKE) Stock Could Soon Reward Patient Investors

Nike, Inc. (NYSE: NKE) is -33.26% lower on its value in year-to-date trading and has touched a low of $73.00 and a high of $123.39 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 $73.05 in the last trading session, with the day’s loss setting it -0.59%.

Currently trading at $72.46, the stock is -18.78% and -20.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 23.39 million and changing -0.81% at the moment leaves the stock -27.32% off its SMA200. NKE registered -30.63% loss for a year compared to 6-month loss of -29.02%.

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The stock witnessed a -24.30% gain in the last 1 month and extending the period to 3 months gives it a -19.49%, and is -5.69% 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 2.17% over the week and 2.32% over the month.

Nike, Inc. (NKE) has around 83700 employees, a market worth around $109.38B and $51.37B in sales. Current P/E ratio is 19.44 and Fwd P/E is 20.07. Profit margin for the company is 11.10%. Distance from 52-week low is -0.74% and -41.28% from its 52-week high. The company has generated returns on investments over the last 12 months (22.89%).

with sales reaching $11.65B over the same period.The EPS is expected to shrink by -19.09% this year, but quarterly earnings will post -4.80% year-over-year.

Nike, Inc. (NKE) Top Institutional Holders

The shares outstanding are 1.23B, and float is at 1.17B with Short Float at 1.72%.

Nike, Inc. (NKE) Insider Activity

The most recent transaction is an insider purchase by SWAN ROBERT HOLMES,the company’sDirector. SEC filings show that SWAN ROBERT HOLMES bought 2,941 shares of the company’s common stock on Jun 28 ’24 at a price of $77.02 per share for a total of $0.23 million. Following the purchase, the insider now owns 20946.0 shares.

Nike, Inc. disclosed in a document filed with the SEC on Jun 05 ’24 that Friend Matthew (EVP: CFO) sold a total of 9,350 shares of the company’s common stock. The trade occurred on Jun 05 ’24 and was made at $95.10 per share for $0.89 million. Following the transaction, the insider now directly holds 27312.0 shares of the NKE stock.

Still, SEC filings show that on May 14 ’24, PARKER MARK G (EXECUTIVE CHAIRMAN) disposed off 168,378 shares at an average price of $93.14 for $15.68 million. The insider now directly holds 1,102,090 shares of Nike, Inc. (NKE).

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