Nike is trading at 116.11 as of the 6th of December 2023, a 0.61 percent increase since the beginning of the trading day. The stock's lowest day price was 115.57. Nike has a very small chance of experiencing financial distress in the next few years and had a good performance during the last 90 days. Equity ratings for Nike Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 6th of November 2023 and ending today, the 6th of December 2023. Click here to learn more.
Consumer Durables & Apparel
2nd of December 1980
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells mens, womens, and kids athletic footwear, apparel, equipment, and accessories worldwide. NIKE, Inc. was founded in 1964 and is headquartered in Beaverton, Oregon. Nike operates under Footwear Accessories classification in the United States and is traded on New York Stock Exchange. The company has 1.22 B outstanding shares of which 17.19 M shares are now shorted by investors with about 2.04 days to cover. More on Nike Inc
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Nike Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Nike's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Nike or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
Nike Stock Price Odds Analysis
What are Nike's target price odds to finish over the current price? Based on a normal probability distribution, the odds of Nike jumping above the current price in 90 days from now is near 1%. The Nike Inc probability density function shows the probability of Nike stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Nike has a beta of 0.9464. This indicates Nike Inc market returns are highly-sensitive to returns on the market. As the market goes up or down, Nike is expected to follow. Additionally, the company has an alpha of 0.1944, implying that it can generate a 0.19 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Nike Stock Institutional HoldersInstitutional Holdings refers to the ownership stake in Nike that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Nike's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Nike's value.
Nike Historical Income Statement
Nike Inc Income Statement is one of the three primary financial statements used for reporting Nike's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Nike Inc revenue and expense. Nike Income Statement primarily focuses on the company's revenues and expenses during a particular period.As of December 6, 2023, Direct Expenses is expected to decline to about 23 B. In addition to that, Consolidated Income is expected to decline to about 4.9 B View More Fundamentals
Nike Stock Against Markets
Picking the right benchmark for Nike stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Nike stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Nike is critical whether you are bullish or bearish towards Nike Inc at a given time. Please also check how Nike's historical prices are related to one of the top price index indicators.
Be your own money managerOur tools can tell you how much better you can do entering a position in Nike without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.
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Nike Corporate DirectorsNike corporate directors refer to members of a Nike board of directors. The board of directors generally takes responsibility for the Nike's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Nike's board members must vote for the resolution. The Nike board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
How to buy Nike Stock?Before investing in Nike, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Nike. To buy Nike stock, you can follow these steps:
- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Nike. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Nike stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Nike Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Nike Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Nike Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Nike Stock please use our How to Invest in Nike guide.
Already Invested in Nike Inc?
The danger of trading Nike Inc is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Nike is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Nike. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Nike Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.When determining whether Nike Inc is a strong investment it is important to analyze Nike's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nike's future performance. For an informed investment choice regarding Nike Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nike Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in inflation.You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Complementary Tools for Nike Stock analysis
When running Nike's price analysis, check to measure Nike's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Nike is operating at the current time. Most of Nike's value examination focuses on studying past and present price action to predict the probability of Nike's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Nike's price. Additionally, you may evaluate how the addition of Nike to your portfolios can decrease your overall portfolio volatility.
Is Nike's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nike. If investors know Nike will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nike listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
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The market value of Nike Inc is measured differently than its book value, which is the value of Nike that is recorded on the company's balance sheet. Investors also form their own opinion of Nike's value that differs from its market value or its book value, called intrinsic value, which is Nike's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nike's market value can be influenced by many factors that don't directly affect Nike's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nike's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nike is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nike's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.