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Why Nike's Stock Crashed 60% in 4 Simple Charts. Leo Sun, The Motley Fool. July 24, 2024 at 6:45 AM. Nike 's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time ...
It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ] The company was founded on January 25, 1964, as "Blue Ribbon Sports", by Bill Bowerman and Phil Knight, and officially became Nike, Inc. on May 30, 1971.
The share price's weak performance has translated into a cheaper valuation. Nike's stock has a price-to-earnings (P/E) ratio of 20. That's down from about 36 at the start of the year. The P/E ...
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. It is ranked sixth on the list of largest biomedical companies by revenue. In 2023, the company's seat in Forbes Global 2000 was 74. [ 2] The company's primary product is Humira (adalimumab) ($14 billion in 2023 revenues, 27 percent of total ...
Nike shares trade at a price-to-earnings (P/E) ratio of 19.6. In the past decade, they haven't sold for a cheaper valuation. This fully reflects the state of the business today.
Nike's financials. The company's latest quarterly results reflect how deeply those earlier strategic mistakes hurt it. In its fiscal 2024, which ended May 31, revenue rose by less than 1% to $51 ...
Here are five reasons long-term investors should be scooping up shares of the Swoosh today. 1. Nike still dominates professional sports. Nike's competitive moat starts and ends with its branding ...
Nike stock has been pushed down to levels that look cheap on a historical basis. The company is now trading at roughly 20 times trailing-12-month profits and approximately 24 times this year's ...