(NKE) Nike - Ratings and Ratios

Nike Inc. is a global sports powerhouse that designs, develops, and markets athletic footwear, apparel, and equipment under various brands, including Nike, Converse, and Jordan. The companys extensive product portfolio caters to diverse sports and fitness activities, with a strong presence in the global market. Nikes business model is built around creating innovative products, leveraging digital platforms, and fostering strong partnerships with athletes, teams, and retailers.

Nikes brand portfolio is diversified across various categories, including running, basketball, soccer, and lifestyle apparel. The companys focus on innovation is evident in its investments in digital technologies, such as fitness apps, digital services, and e-commerce platforms. Nikes products are sold through various channels, including company-owned retail stores, online platforms, and partnerships with independent distributors and retailers. The companys global reach and brand recognition have enabled it to establish a strong presence in key markets worldwide.

Analyzing the provided , we can observe that Nikes stock price is currently at $60.59, with a 20-day SMA of $60.68, indicating a relatively stable short-term trend. However, the 200-day SMA stands at $73.18, suggesting a potential long-term downtrend. The ATR of 1.84 (3.03%) indicates moderate volatility. Considering the , Nikes market capitalization is approximately $90.7 billion, with a P/E ratio of 20.40 and a forward P/E of 28.99, indicating a relatively high valuation. The companys RoE of 31.96% suggests strong profitability.

Based on the analysis of and , a potential forecast for Nikes stock price could be as follows: Given the current support level at $59.7 and resistance at $62.9, a potential short-term trading range could be between $59.7 and $62.9. However, considering the long-term downtrend indicated by the 200-day SMA, a more conservative forecast would be a gradual decline towards the support level at $59.7. If the company continues to demonstrate strong profitability and innovative product offerings, a potential rebound could be expected, with a target price of $71.6, which is a key resistance level. A more bullish scenario would be driven by Nikes ability to expand its market share, drive growth through digital channels, and maintain its brand momentum.