Nike stock continues to trade at its lowest levels in 5 months

Nike’s stock, listed on the New York Stock Exchange, witnessed a slight rise after a decline that continued for 3 consecutive sessions, but it remains trading at its lowest price levels since August 5, 2024.

The current share price reached $72.31, a slight increase of 0.5%, achieving a gain of $0.42 per share.

Over the past 5 sessions, the stock declined by 3.34%, while it witnessed a decline of 8.61% during a month ago, and the stock declined by more than 29% from its level a year ago.

Analysts believe that the future price of Nike stock may reach a maximum of $120 and a minimum of $50.

It is worth noting that the highest price the stock reached was $179.1 on November 5, 2021, while its lowest level ever, more than 40 years ago, was $0.1, on October 31, 1984.

Nike’s market value today is about $107.17 billion, and it decreased by 0.14% over the past week.

Financially, in the last quarter, the company achieved profits amounting to $0.78 per share, exceeding estimates by 16.62%. It is expected that the company’s share of profits in the next quarter will reach $0.31 per share.

Nike’s revenues in the last quarter amounted to $12.35 billion, exceeding the most recent profit distribution of $12.13 billion, and revenues in the following quarter are expected to reach $11.09 billion. As for net income for the last quarter, it amounted to $1.16 billion. An increase of 10.66% over the previous quarter.

As of today, the TTM dividend yield is 2.1% and the dividend yield reached 1.53% in 2023, and the return rate reached 38.91%, while the numbers in 2022 were at 1.26% and 41.03%, respectively.

Nike is one of the largest and most famous sports clothing and sports equipment companies in the world. It was founded in 1964 under the name “Blue Ribbon Sports,” and its name was changed to Nike, Inc. in 1971. Its headquarters are located in Oregon, USA.