After Hours
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Nike, Inc. (NKE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.05, or 0.05%, to $105.11. The Nike, Inc. has recorded 375,429 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed NIKE, Inc. Reports Fiscal 2024 Second Quarter Results.
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Stocks Info
The company is listed on the NYSE and operates within the Footwear & Accessories industry segment. At the end of the last regular session, the stock closed at $105.06 and fluctuated between $106.32 as its day high and $104.72 as its day low. The current market capitalization of Nike, Inc. is $159.19B. A total of 6.43 million shares were traded on the day, compared to an average of 9.00M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NKE has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 79,181 shares. Over the last 12 months, there were 27 BUYs and 29 SELLs from insiders. Insiders purchased 7,045,705 shares during that period but sold 651,478.
In the most recent transaction, Matheson Monique S. sold 10,000 shares of NKE for 119.00 per share on Dec 11. After the transaction, the EVP: CHRO now owns 44,736 company shares. In a previous transaction on Oct 16, PARKER MARK G sold 58,091 shares at 99.60 per share. NKE shares that EXECUTIVE CHAIRMAN owns now total 1,255,600.
Among the insiders who bought shares, SWAN ROBERT HOLMES acquired of 13,072 shares on Oct 02 at a per-share price of $96.13. This resulted in the Director holding 18,005 shares of NKE after the transaction. In another insider transaction, Matheson Monique S. sold 40,000 shares at $108.59 per share on Aug 08. Company shares held by the EVP: CHRO now total 44,736.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Nike, Inc. pays an annual dividend of $1.42, resulting in a dividend yield of 1.35%, and it has a price to earnings (P/E) ratio of 30.68. NKE’s most recent ex-dividend date was 12/1/2023 when it declared a $0.37 quarterly dividend that was paid in cash on 1/2/2024. Previously, the company paid the dividend on 10/2/2023 with an ex-dividend date of 9/1/2023. The NKE stock dividend was $0.34 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NKE in the last 3 months, the mean price target is $124.79 with high estimates of $150.00 and low estimates of $88.00. In terms of 52-week highs and lows, NKE has a high of $131.31 and a low of $88.66.
As of this writing, NKE has an earnings estimate of $0.73 per share for the current quarter. EPS was calculated based on a consensus of 24 estimates, with a high estimate of $0.9 per share and a lower estimate of $0.47. The company reported an EPS of $0.94 in the last quarter, which was 27.00% higher than expectations of $0.74.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. NKE’s latest balance sheet shows that the firm has $13.00B in Cash & Short Term Investments as of fiscal 2022. There were $12.63B in debt and $10.73B in liabilities at the time. Its Book Value Per Share was $9.32, while its Total Shareholder’s Equity was $15.28B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NKE is Buy with a score of 4.18.
