Nike stock is at its lowest price in 5 YEARS. This could be the best sale since the clearance rack at the Nike outlet!
Nike
NKE stock is now at a 5 year low, and I don't see it going much lower from here. Here are some important facts about Nike:
All in all, it tells me that Nike is now the cheapest it has been in almost 8 years.
Nike risks and issues:
Despite the issues above, what I see is an iconic brand selling at a 50% discount. Sales are up, income is up, ratios are looking good, and the company continues to be a great business, but the stock is selling at a discount. Nike will definitely not go out of business.
This is a good example of buying value at a good price!
Nike is already part of my portfolio (it has been since the Covid crash), but I'm now adding more.
If I were to start investing now, I would start with a little DCA.
Similarly to all my stock investments, I see Nike as a long term holding.
But honestly, I see Nike as an iconic brand on a 50% OFF clearance sale—too good to resist.
I went straight to the Nike store and bought two pairs of sneakers to help flush out that excess inventory. As a proud shareholder, I'm confident I'll see at least $0.01 back in dividends from my shopping spree! 😅👟
Quick reminder: This is my investing journey, not financial advice! 😊
Nike
NKE stock is now at a 5 year low, and I don't see it going much lower from here. Here are some important facts about Nike:- Stock is at a 5-year low despite sales increasing from $37 billion to $51 billion and income doubled.
- Down 63% from all-time high, despite good fundamentals.
- P/E ratio is at 22. The lowest since 2018.
- Forward P/E is at 33, which = growth expectations.
- Price to sales is at 2.2
- The price to book is at 7.6, the lowest since 2017.
- EV/Sales is at 2. The lowest since 2017.
- Technical indicators are signaling oversold and the price is at a support level.
All in all, it tells me that Nike is now the cheapest it has been in almost 8 years.
Nike risks and issues:
- Inventory is high worldwide, and inventory movement has been slowing down.
- Although high, inventory is lower than in 2022 and 2023.
- Consumption might still suffer this year in the US due to austerity.
- It seems that many analysts don't like the stock because sales (although growing) are growing less than expected, the business in China is slower than expected, and there is a high inventory.
Despite the issues above, what I see is an iconic brand selling at a 50% discount. Sales are up, income is up, ratios are looking good, and the company continues to be a great business, but the stock is selling at a discount. Nike will definitely not go out of business.
This is a good example of buying value at a good price!
Nike is already part of my portfolio (it has been since the Covid crash), but I'm now adding more.
If I were to start investing now, I would start with a little DCA.
Similarly to all my stock investments, I see Nike as a long term holding.
But honestly, I see Nike as an iconic brand on a 50% OFF clearance sale—too good to resist.
I went straight to the Nike store and bought two pairs of sneakers to help flush out that excess inventory. As a proud shareholder, I'm confident I'll see at least $0.01 back in dividends from my shopping spree! 😅👟
Quick reminder: This is my investing journey, not financial advice! 😊
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.