Nike


Aime
Nike's stock (NKE) does not present a strong buying opportunity at the moment based on the analysis. Here's why:
- Recent Performance: The stock has experienced a decline of 10.43% in revenue, 27.52% in net income, and 29.29% in diluted EPS, which is a significant downturn1.
- Growth Rates: The company's revenue, net income, and diluted EPS have shown negative year-over-year growth rates, with the net income and diluted EPS experiencing substantial declines1.
1/3
NKE Total Revenue YoY, Total Revenue
- Valuation Metrics: Nike's P/E ratio is 21.45, P/B ratio is 8.77, and P/S ratio is 2.64, which are all on the higher end and suggest that the stock may be overvalued2.
- Technical Indicators: The stock's technical indicators are not strong. The MACD is negative at -1.27, and the RSI is at 40.8, which suggests that the stock may be neither overbought nor oversold3.
NKE Trend
- Moving Averages: The stock is trading below its 5-Day, 10-Day, and 20-Day moving averages, which is a bearish signal4.
- Analyst Ratings: While there is some positive sentiment among analysts, with a recent upgrade and price target increase, the overall sentiment has been mixed, and the stock has been downgraded in the past56.
- Market Sentiment: There is a bearish sentiment among investors, with a net fund outflow of $46,312.01, which could be a sign that investors are selling the stock7.
In conclusion, while Nike is a well-established brand with a strong market presence, the current financial and technical indicators suggest that the stock may not be a good buy at this time. Investors should exercise caution and consider the negative growth rates, high valuation metrics, and bearish technical indicators before making a decision.
Source:
1.
NIKE Revenue Growth Rate, Net Income Growth Rate, Diluted EPS Growth Rate
more
less
Continue this conversation 

Explore
Screener
Analysis
Learn
Wiki