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NIKE Inc. (NKE): Get Prepared for Trading Lift Off - Invest Chronicle

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Date: 2022-06-27 20:10:46

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NIKE Inc. (NKE) is priced at $111.09 after the most recent trading session. At the very opening of the session, the stock price was $109.93 and reached a high price of $112.94, prior to closing the session it reached the value of $112.91. The stock touched a low price of $109.61.Recently in News on May 24, 2022, NIKE, Inc. Announces Fourth Quarter Fiscal 2022 Earnings and Conference Call. NIKE, Inc. (NYSE: NKE) plans to release its fourth quarter fiscal 2022 financial results on Monday, June 27, 2022, at approximately 1:15 p.m. PT, following the close of regular stock market trading hours. Following the news release, NIKE, Inc. management will host a conference call beginning at 2:00 p.m. PT to review results. You can read further details here

NIKE Inc. had a pretty Dodgy run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $167.91 on 01/03/22, with the lowest value was $103.46 for the same time period, recorded on 05/25/22.

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NIKE Inc. (NKE) full year performance was -15.49%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, NIKE Inc. shares are logging -37.97% during the 52-week period from high price, and 7.37% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $103.46 and $179.10.

The company’s shares, operating in the sector of Consumer Cyclical managed to top a trading volume set approximately around 3390180 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the NIKE Inc. (NKE) recorded performance in the market was -32.26%, having the revenues showcasing -14.51% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 169.97B, as it employees total of 73300 workers.

Market experts do have their say about NIKE Inc. (NKE)

During the last month, 18 analysts gave the NIKE Inc. a BUY rating, 5 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 125.75, with a change in the price was noted -37.36. In a similar fashion, NIKE Inc. posted a movement of -25.21% for the period of last 100 days, recording 7,131,279 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for NKE is recording 0.64 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.64.

Technical breakdown of NIKE Inc. (NKE)

Raw Stochastic average of NIKE Inc. in the period of last 50 days is set at 20.74%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 33.23%. In the last 20 days, the company’s Stochastic %K was 33.11% and its Stochastic %D was recorded 25.30%.

Bearing in mind the latest performance of NIKE Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -32.26%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -31.75%, alongside a downfall of -15.49% for the period of the last 12 months. The shares increased approximately by 5.41% in the 7-day charts and went up by 5.24% in the period of the last 30 days. Common stock shares were lifted by -14.51% during last recorded quarter.

Original Source: https://investchronicle.com/2022/06/27/nike-inc-nke-get-prepared-for-trading-lift-off/