Is Nike A Good Stock To Buy?
An investor or
trader's decision to buy or sell a stock is unique to their time horizon and
risk tolerance. Many typical investors evaluate earnings growth and valuation
on a particular stock before making a decision.
For example, for Nike,
you'll notice that earnings in its last quarter grew 16.47% source. As an investor, you'll want to decide whether
that's better or worse than what you'd like to see among stocks in your
portfolio.
On the valuation side,
Nike's price-to-earnings ratio — a measure of how much an investor pays for the
company's earnings — is projected to compress 14.1% in the current quarter when
compared with last year. That places it below similar businesses Deckers
Outdoor, Skechers USA, Birkenstock Holding in its sector. You'll need to decide
whether that makes it more or less attractive based on how you think the
company will perform over time.
There are many
different valuation metrics that may help you make a decision. Find more on Nike's quote page, or if you'd like a deeper dive in an
advanced program, try Benzinga PRO for free.
Nike has a 52-week
high of $123.39 and a 52-week low of $70.75.
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