Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nike Inc before investing.

In this article, we go over a few key elements for understanding Nike Inc’s stock price such as:

• Nike Inc’s current stock price and volume
• Why Nike Inc’s stock price changed recently
• Upgrades and downgrades for NKE from analysts
• NKE’s stock price momentum as measured by its relative strength

About Nike Inc (NKE)

Before we jump into Nike Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.

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Nike Inc’s Stock Price as of Market Close

As of August 15, 2024, 4:00 PM, CST, Nike Inc’s stock price was $82.50.

Nike Inc is up 5.07% from its previous closing price of $78.52.

During the last market session, Nike Inc’s stock traded between $77.42 and $79.09. Currently, there are 1,508.00 million shares of Nike Inc stock available for purchase.

Nike Inc’s price-earnings (P/E) ratio is currently at 21.1, which is high compared to the Footwear industry median of 16.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Nike Inc Stock Price History

Nike Inc’s (NKE) price is currently up 10.21% so far this month.

During the month of August, Nike Inc’s stock price has reached a high of $83.06 and a low of $70.75.

Over the last year, Nike Inc has hit prices as high as $123.39 and as low as $70.75. Year to date, Nike Inc’s stock is down 29.49%.

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What Caused Nike Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of August 14, 2024, there was 1 analyst who downgraded Nike Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Nike Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nike Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nike Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nike Inc (NKE) by visiting AAII Stock Evaluator.

Relative Price Strength of Nike Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of August 14, 2024, Nike Inc has a weighted four-quarter relative price strength of -12.70%, which translates to a Momentum Score of 28 and is considered to be Weak.

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Nike Inc Stock Price: Bottom Line

As of August 15, 2024, Nike Inc’s stock price is $82.50, which is up 5.07% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nike Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.