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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.
Why did Nike's stock plunge? Nike's revenue rose 5% in fiscal 2022 (which ended in May 2022) and 10% in fiscal 2023. But in fiscal 2024, its revenue growth flatlined.
Here’s a look at the current financial position of Nike, along with an overview of the company’s history, financials and future projections. ... Share price: $99.53-$179.10. Nike’s market ...
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.
Nike (NYSE: NKE), one of the world's largest athletic footwear and apparel makers, was once considered a resilient blue chip stock. But over the past 12 months, its stock declined 25% as the S&P ...
Buying Nike stock today also offers investors a 1.8% dividend yield whereas Lululemon, a non-dividend payer, could remain more volatile in a scenario where its growth falters. Should you invest ...
But that doesn't automatically mean it is a buy today. At its current market cap of $24.6 billion, the stock trades at a forward price-to-earnings ratio of 30.4. This is a forward metric based on ...
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Nike wasn’t one of them. The 10 stocks that made the cut could ...