Nike Inc (NYSE: NKE) stock added $0.76 to its trading price in the July 17 trading session. It opened trading at $108.97, dipped to $108.53, hit a high of $109.10, and closed trading at $108.72 with an intraday trading volume of 142.471k.
In the 52-week time frame, NKE stock lowest traded at $82.22, and its highest price was $131.31. The market capitalization of Nike Inc is $167.096 billion, and its average trading volume is 7.298 billion.
The annual price target of NKE stock is $128.65, which is around 18.34% greater than the current trading prices. The next upcoming resistance of Nike, Inc stock is $108.9. If buyers successfully suppress the sellers’ prices, the stock price would possibly trade within the consolidation range of $108.98 and $109.17.
In Monday’s trading session, NKE stock reflected a majority of sellers in the market. The sudden surge in the trading volume could be because any of the giant investors have significantly dropped their shareholdings of NKE stock.
According to TradingView, 1.19 billion Nike, Inc shares are free-floating, and 347.528 million shares are closely held by the company’s financial backers or the board of directors.
In the financial year 2022, the revenue to profit conversion of the company constitutes 44% of gross profit, 12% of Earnings before interest and taxes (EBIT), and 10% of net income.
Most of the company’s income is generated from the Footwear business, followed by Apparel, Converse, Equipment, and Global Brands. It mainly serves its consumer base in North America, Europe, the Middle East, Africa, Asia-Pacific, greater China and other global regions.
Nike Inc (NYSE: NKE) Earnings & Revenue
For Q1 and Q2 2023, the estimated revenue of Nike, Inc was $13.03 billion and $13.84 billion. However, in the last quarter of 2022, the company reported 1.94% more revenue than the estimated figures.
In the last quarter of 2022, Nike, Inc’s Earnings Per Share (EPS) slipped over 2.57%. The estimated EPS of Nike is $0.76.
In the short-term, the company’s total liabilities are $9.26 billion, and its assets are $25.20 billion. However, in the long-term, total liabilities are $14.27 million, and its assets are $12.33 billion.
Out of the company’s total generated revenue in 2022, net income was $5.07 billion, free tax income was $6.20 billion, operating income was $5.92 billion, gross profit was $22.29 billion, and the profit margin was 9.90%.
