Search results
Results from the WOW.Com Content Network
Like an athlete going through a slump, Nike (NYSE: NKE) finds itself at a critical juncture. Despite the sharp decline, Nike's stock still commands a premium valuation at 30.8 times forward earnings.
Shares are down 24% this year, with an even steeper 52% decline from its all-time high stock price of $171.71 in November 2021. Nike has struggled to navigate shifting consumer spending trends.
As of this writing, the stock trades at a price-to-earnings ratio of 23.1, representing a 42% discount to its trailing five-year average. ... Before you buy stock in Nike, consider this: ...
Nike (NYSE: NKE) is a ubiquitous sportswear brand with a trailing 12-month revenue of $49 billion. The lower share price means that investors can buy the stock at a lower multiple of Nike's sales ...
Nike's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct ...
However, Nike stock doesn't represent a meaningfully lower value than the average for the S&P 500, as seen in the chart below. In contrast, ... NKE PE Ratio Chart.
Nike stock now trades at a forward price-to-earnings (P/E) ratio of about 25 times next fiscal year's estimates, which is one of the cheaper levels it has traded at over the past few years. NKE PE ...
To be sure, Nike still owns the largest slice of the pie, but its grip is slipping and its stock price has taken a beating for it. Nike shares are down 24% so far in 2024, having plunged nearly 20 ...