While these analysts kept the previous recommendation, Piper Sandler raised their target price to Neutral. The new note on the price target was released on July 26, 2022, representing the official price target for NIKE Inc. stock. On June 22, 2022, analysts decreased their price target for NKE shares from 170 to 140. Anyone who wants to purchase Nike shares independently in conjunction with other investments should join forces with a brokerage. At most brokerages, you can issue a market order or limit order.
Our testing substantiates this with the optimum range for price performance between 0-20. According to NIKE Inc.’s quarterly financial report for the quarter that ended May 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $12.23 billion, while revenues fell by -0.9% to $10.87 billion.
Zacks Ranks stocks can, and often do, change throughout the month. A higher number means the more debt a company has compared to its capital structure. Investors like this metric as it shows how a company finances its operations, i.e., what percentage is financed thru shareholder equity or debt. A ratio under 40% is generally considered to be good.But note; this ratio can vary widely from industry to industry.
By using this site, you are agreeing to security monitoring and auditing. For more information, please see the SEC’s Web Site Privacy and Security Policy. A sentiment indicator is a graphical or numerical indicator designed to show how a group feels about the market or economy. The VGM score is based on the trading styles of Growth, VAlue, and Momentum. The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports. Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand.
Nike has a cash flow budget of $2.54 billion; Under Armour lists just $43 million, putting it much lower. When compared to Under Armour, Nike is the more competitively advantaged and commercially strategic business. Debt to Capital (or D/C ratio) is the fraction of debt (including mortgages and long-term leases) to long-term capitalization.
— Stock Forums (@stock_forums) August 3, 2015
And, of course, the 4 week change helps put the 1 week change into context. The 20 Day Average Volume is the average daily trading volume over the last 20 trading days. The Price to Sales ratio or P/S is calculated as price divided by sales. After the P/E ratio, it’s one https://xcritical.com/ of the most common valuation metrics. As an investor, you want to buy srocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.
Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn’t influence our assessment of those products.
This means that when you purchase Nike stock, you own a part of the company that makes your sneakers. Single-stock ETFs are a new exchange-traded product that allows for leveraged or inverse trading of single stocks. The earnings forecast looks strong as well and is expected to accelerate in 2019 and 2020, with growth rising from roughly 11% in 2019 to 17% and 18% in 2020 and 2021 respectively. Full BioMichael Kramer is an expert on company news and the founder of Mott Capital Management.
Investing your hard-earned money could reap some major benefits, but it’s a scary proposition nonetheless. Financial advisorsoften have a background in not only individual investment decisions, but also the overall asset allocation of a portfolio. Investors embarking on their first investment voyage may find this level of service to be especially attractive. The Relative Strength Index is a momentum indicator that measures the magnitude of recent price changes to analyze overbought or oversold conditions. Despite the negative technical charts, the fundamentals for the business continue to look strong. Analysts have been raising their revenue forecast for the coming year, and now see it growing more than 8% to $39.4 billion from $38.6 billion.
As of 15 August, the RSI 9-day stood at 62.97%, suggesting the stock is Neutral, with a 27.05% historical volatility rate. Chris Thompson, CEPF®Chris Thompson is a retirement, savings, investing and personal finance expert at SmartAsset. He has reviewed hundreds of financial products and financial advisors in an effort to help people improve their financial lives. Chris is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. He graduated from Montclair State University where he received the Journalism Achievement Award. Chris’ articles have been featured in places like Yahoo! Finance, MSN and Bleacher Report.
Based on the 14-day stochastic reading of 96.09%, the RSI reading is 59.22%. On the 9-day MACD Oscillator, the stock is at 1.46, and the 14-day reading is at 2.11. Financhill just revealed its top stock for investors right now…
This, along with Nike’s longstanding popularity, has won it attention as an investment worth considering. For one, part of trading is being able to get in and out of a stock easily. If the volume is too light, in absolute terms or for a relatively large position, it could be difficult to execute a trade. This is also useful to know when comparing a stock’s daily volume (which can be found on a ticker’s hover-quote) to that of its average volume. A rising stock on above average volume is typically a bullish sign whereas a declining stock on above average volume is typically bearish.
A ‘good’ number would usually fall within the range of 1.5 to 3. Like most ratios, this number will vary from industry to industry. While the one year change shows the current conditions, the longer look-back period shows how this metric has changed over time and helps put the current reading into proper perspective.
Millennials and younger-generation consumers who have inherited wealth see certain brands, such as Nike, as luxury statements. The company invests heavily in their global marketing of athlete endorsers, while appealing to their consumers on a personal level. Those investments are expected to pay off, with estimates of $6.5 billion in revenue by 2020. Of course, asset allocation is one of the premier principles that helps investors to balance the risk profile of their portfolio.
This allows the investor to be as broad or as specific as they want to be when selecting stocks. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score nike reviews of an A or a B. Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports. The scores are based on the trading styles of Value, Growth, and Momentum.
If a stock’s EPS consensus estimate is $1.10 now vs. $1.00 the week before, that will be reflected as a 10% change. If, on the other hand, it went from $1.00 to 90 cents, that would be a -10% change in the consensus estimate revision. This is useful for obvious reasons, but can also put the current day’s intraday gains into better context by knowing if the recently completed trading day was up or down. The Current Ratio is defined as current assets divided by current liabilities.
Michael Kramer is the founder ofMott Capital Management LLC, a registered investment adviser, and the manager of the company’s actively managed, long-only Thematic Growth Portfolio. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Upon request, the advisor will provide a list of all recommendations made during the past twelve months. The company reported stronger-than-expected fiscal-fourth-quarter 2018 results at the end of June.
The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they’re over-valued. That, coupled with live trading shows and a platform packed with advanced charting tools and indicators makes it a solid platform for active traders. Here’s a quick look at NIKE Inc.’s price momentum from a technical perspective.