Nike (NKE) Stock Price

Financial Performance

Nike's revenue in the last quarter was $12.4B, a slight increase of 6.6% from the previous quarter but a decrease of -0.6% YoY. The gross profit stood at $5.4B, up by 2.5% QoQ but down by -3.1% YoY, indicating some challenges in profitability and cost management. Operating income was $1.4B, showing an improvement both QoQ (14.5%) and YoY (3.6%). Nike’s EBITDA ratio for the last quarter was low at 0.09.

Stock Price

The stock is currently trading at $70.05, experiencing a decline over the past month (-1.4%) and year (-32.5%). The RSI value stands at 32.71 which suggests that the stock is nearing oversold territory and might be due for a correction or reversal soon while its 200-day moving average of $81 indicates that it is currently undervalued.

Alternative Data Signals

Nike's web traffic has seen a slight decrease MoM (-12%) and YoY (-4%), suggesting less online interest in their products or services recently which could potentially impact sales figures going forward if this trend continues to persist or worsen over time.
However, app downloads have seen an impressive surge MoM (1636%) and YoY (2100%), suggesting strong consumer engagement with their digital platforms.
Nike has around 1000 job openings indicating potential expansion plans.
57% of employees report having a positive business outlook which can be considered neutral.
Nike's social media following shows mixed trends with increases on Twitter and Facebook but a slight decrease on Instagram.

Conclusion

Overall, Nike's financial performance shows some signs of strain with YoY decreases in revenue and gross profit. The stock is currently undervalued based on its 200-day moving average, but the low RSI value indicates potential for a reversal. Alternative data signals are mixed with strong app engagement but decreasing web traffic and neutral employee sentiment. Therefore, the outlook for Nike's stock is neutral.

Note: This AI Stock Analysis is based on data as of February 07. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of Nike (NKE), currently trading at $69.09, will... Sign up to access price prediction.