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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 ...
With the stock's price sinking, Nike now trades at a bargain basement price of around 19 times earnings. That's its lowest level since 2012 and well off its peak of 85 coming out of the toughest ...
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.
Anders Bylund, The Motley Fool. July 7, 2024 at 12:29 AM. Shares of Nike (NYSE: NKE) fell 20.7% in June 2024, according to data from S&P Global Market Intelligence. The athletic apparel and ...
The company's damaging earnings report dragged the stocks of other sports apparel ... Nike stock sank more than 10% Friday after executives gave a weaker sales outlook for markets around the world ...
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 ( NKE) stock slumped nearly 3% on Tuesday as Wall Street analysts trimmed their expectations for fourth quarter earnings. Ahead of the company's expected announcement after the bell on ...
Nike’s reported adjusted earnings of $0.85 per share, marking the first year-over-year increase in four quarters, and topped expectations for $0.65. The surge in sales overshadowed the company ...