#NKE Oversold - price at Covid Levels
Analysis Overview
Focus: Primarily on fundamental analysis.
Current Price Context:
Investment Rationale
Despite the recent challenges, Nike remains a solid company and is the world's most valuable apparel brand. P/E (TTM) is 19.74 which hints a kind of fair valuation. Moreover, analysts estimate an upside potential of +26.16% on average.
Investment Decision
I decided to buy 10 shares of NKE.
Exit Strategy
I haven’t determined a specific sell price yet and might keep the shares indefinitely. My decision will be based on:
Long-Term Outlook
I believe Nike will perform well in the long term, but I’m also open to acting opportunistically and selling if there is a significant price increase in the near term.
Focus: Primarily on fundamental analysis.
Current Price Context:
- Last time
NKE was at these price levels was in March 2020. - The stock has been significantly beaten down.
- This year's growth estimate is gloomy (-14%).
Investment Rationale
Despite the recent challenges, Nike remains a solid company and is the world's most valuable apparel brand. P/E (TTM) is 19.74 which hints a kind of fair valuation. Moreover, analysts estimate an upside potential of +26.16% on average.
Investment Decision
I decided to buy 10 shares of NKE.
Exit Strategy
I haven’t determined a specific sell price yet and might keep the shares indefinitely. My decision will be based on:
- General market sentiment
- Potential price increases in the near term
Long-Term Outlook
I believe Nike will perform well in the long term, but I’m also open to acting opportunistically and selling if there is a significant price increase in the near term.
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