Nike Inc (NYSE: NKE) has reported earnings for its second fiscal quarter (ending November 30) of $0.78 versus $1.04 for the same period a year ago — a decline of -25%. For the latest four quarters through November 30, E.P.S. were $3.24 versus $3.46 for the same period a year ago — a decline of -6%.
Recent Price Action
Nike Inc (NYSE: NKE) stock rose slightly by 0.3% on 12/19/24. The stock closed at $77.10. Moreover, exceptionally high trading volume at 223% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months and has declined -2.2% during the last week.
Current PriceTarget Research Rating
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 poor Power Rating of 19 and a very low Appreciation Score of 14, producing the Lowest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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