Nike Inc (NYSE: NKE) stock closed at $108.04 on 12/22/23 after a major decline of -11.8%. Moreover, exceptionally high trading volume at 527% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -10.7% during the last week.
Current PriceTarget Research Rating
NKE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Nike has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Nike has a slightly negative Power Rating of 37 and a poor Appreciation Score of 16, resulting in the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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