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NKE
Stock ticker:
NYSE
AS OF
Sep 23 closing price
Price
$97.11
Change
-$1.43 (-1.45%)
Capitalization
152.18B

NKE Price Prediction, Nike AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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NKE Trading results, last 6 months
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AI
A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Sep 23, 2022

NKE in downward trend: price dove below 50-day moving average on September 13, 2022

NKE moved below its 50-day moving average on September 13, 2022 date and that indicates a change from an upward trend to a downward trend. In 30 of 43 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 70%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 20, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on NKE as a result. In of 73 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NKE turned negative on September 13, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at .

The 10-day moving average for NKE crossed bearishly below the 50-day moving average on September 01, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NKE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for NKE entered a downward trend on September 23, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Indicator entered the oversold zone -- be on the watch for NKE's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NKE advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .

NKE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 85, placing this stock slightly better than average.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: NKE's P/B Ratio (9.960) is very high in comparison to the industry average of (2.819). P/E Ratio (25.840) is within average values for comparable stocks, (36.483). Projected Growth (PEG Ratio) (2.166) is also within normal values, averaging (1.413). Dividend Yield (0.013) settles around the average of (0.046) among similar stocks. P/S Ratio (3.346) is also within normal values, averaging (1.553).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NKE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

AI
A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

NKE is expected to report earnings to rise 2.74% to 92 cents per share on September 29

Nike NKE Stock Earnings Reports
Q3'22
Est.
$0.92
Q2'22
Beat
by $0.10
Q1'22
Beat
by $0.16
Q4'21
Beat
by $0.20
Q3'21
Beat
by $0.04
The last earnings report on June 27 showed earnings per share of 89 cents, beating the estimate of 80 cents. With 8.74M shares outstanding, the current market capitalization sits at 152.18B.
AI
A.I.Advisor
published Dividends

NKE is expected to pay dividends on October 03, 2022

Nike NKE Stock Dividends
A dividend of $0.31 per share will be paid with a record date of October 03, 2022, and an ex-dividend date of September 02, 2022. The last dividend of $0.31 was paid on July 01. Read more...
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Nike (NYSE:NKE), VF Corp (NYSE:VFC), Skechers USA (NYSE:SKX), Canada Goose Holdings (NYSE:GOOS), G-III Apparel Group Ltd (NASDAQ:GIII), Lakeland Industries (NASDAQ:LAKE).

Industry description

Apparel/footwear might be slightly more ‘cyclical’ in the largely non-cyclical category of non-durables. While digital giants like Amazon have been rapidly expanding their presence, traditional clothing/footwear retailers have also been bulking up their online presence in recent years, to milk the burgeoning trend of online shopping among consumers across the globe. The apparel and footwear retail market was valued at around $ 360 billion in 2018, and this figure was expected to reach about $386 billion by 2020 (according to a Statista report). NIKE, Inc, V.F. Corporation and Under Armour, Inc. are some of the companies with the largest U.S. stock market caps in this segment.

Market Cap

The average market capitalization across the Apparel/Footwear Industry is 4.24B. The market cap for tickers in the group ranges from 1.66K to 152.18B. NKE holds the highest valuation in this group at 152.18B. The lowest valued company is SQBGQ at 1.66K.

High and low price notable news

The average weekly price growth across all stocks in the Apparel/Footwear Industry was -1%. For the same Industry, the average monthly price growth was -6%, and the average quarterly price growth was -9%. AGNY experienced the highest price growth at 196%, while AREB experienced the biggest fall at -27%.

Volume

The average weekly volume growth across all stocks in the Apparel/Footwear Industry was -33%. For the same stocks of the Industry, the average monthly volume growth was 43% and the average quarterly volume growth was 39%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 49
P/E Growth Rating: 68
Price Growth Rating: 68
SMR Rating: 25
Profit Risk Rating: 85
Seasonality Score: -7 (-100 ... +100)
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NKE
Buy/Sell Ratings
 
 
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A.I. Advisor
published General Information

General Information

a maker of athletic footwear and apparel

Industry ApparelFootwear

Profile
Fundamentals
Details
Industry
Apparel Or Footwear
Address
One Bowerman Drive
Phone
+1 503 671-6453
Employees
79100
Web
https://www.nike.com
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NKE and

Correlation & Price change

A.I.dvisor indicates that over the last year, NKE has been closely correlated with DECK. These tickers have moved in lockstep 72% of the time. This A.I.-generated data suggests there is a high statistical probability that if NKE jumps, then DECK could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NKE
1D Price
Change %
NKE100%
-1.55%
DECK - NKE
72%
Closely correlated
-0.59%
SKX - NKE
71%
Closely correlated
-3.85%
CROX - NKE
69%
Closely correlated
-3.01%
COLM - NKE
68%
Closely correlated
-1.03%
RL - NKE
66%
Closely correlated
-3.35%
More