NIKE Share Price Plummets Amid Turnaround Fears
Nike's (NKE) share price has been on a downward trend over recent months, falling by 6.87% in the last 30 days and 34.70% for the year to date.
The company's dividend and leadership changes have failed to boost investor sentiment, with some analysts warning of turnaround risks.
Despite its solid operating margin above 10%, Nike is seen as overvalued by some, with a fair value estimate of $36.83, below the current share price of $41.32.