How Does NIKE, Inc. (NKE) Stack Up Right Now?

NIKE, Inc. (NKE) is an interesting player in the Consumer Goods space, with a focus on Textile – Apparel Footwear & Accessories. The stock has been active on the tape, currently trading at $57.80, up from yesterday’s close by 0.35%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

It’s important to get a feel for how any stock is actually valued on the market based on its core numbers. NIKE, Inc. (NKE) currently trades with a market capitalization of $95.63 Billion. That value represents a market adjusting for revenues that have been growing by 6.43 % on a quarterly year/year basis as of the company’s last quarterly report.

The balance sheet health of any company plays a key role in its ability to meet its obligations and maintain the faith of its investment base. For NKE, the company currently has $3.56 Billion of cash on the books, which is offset by $64 Million current liabilities. You can get a sense of how sustainable that is by a levered free cash flow of $2.7 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.52 on a per share basis this quarter. Perhaps, that suggests something about why 1.70% of the outstanding share supply is held by institutional investors.

Technical Analysis

Sometimes, we can understand most about a stock by simply looking at how it has been trading. Looking at the stock’s movement on the chart, NIKE, Inc. recorded a 52-week high of $64.63. It is now trading 6.83% off that level. The stock is trading $55.14 its 50-day moving average by -2.66%. The stock carved out a 52-week low down at $48.68.

In recent action, NIKE, Inc. (NKE) has made a move of +2.68% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 24.59, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 2.52% with $1.30 Billion sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NKE.

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