Nike Stock: An Investment of Profit or Not?

Nike is a world-renowned name in the field of footwear, sports equipment, and other accessories and that is why Nike is a reliable company for investing. The company suffered a backlash in the past year 2020 due to the coronavirus pandemic but if we analyze the company at present, then it does not look like it is going down or so. The firm still stands strong and is very well apt for a long-term investment. Nike Inc. (NYSE: NKE) 52 Week Range: $60.00 - $147.95 Average Volume: 5,688,920 Market Capital: $226.084B Forward Dividend and Yield: 10 (0.76%) Nike during the Corona Virus Pandemic When the coronavirus pandemic became a major threat to lives, the governments around the globe shut almost everything down and the people had o sit at their homes for a few months. This also led to the closing down of all the Nike stores as physical shopping was majorly avoided at that time. The company had to lose at that time because the closing was inevitable but it led to the growth of its digital sector. The digital and e-commerce growth that has been witnessed during the time of this pandemic has given a high boost to several companies and sectors. Nike grew digitally and as and when the physical stores of the company reopened, the growth of the firm became more solid. This is why the company is still a strong investment. Nike besides the Corona Virus Pandemic If we talk about Nike keeping the phase…