Buying Nasdaq Inc. (NDAQ) Stock Is A Smart Move Today?

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Nasdaq Inc. (NASDAQ:NDAQ) finished Wednesday with a subtraction of -$0.63 to close at $58.57, a downside of -1.06 percent. An average of 2,053,500 shares of common stock have been traded in the last five days. There was a fall of -$3.46 in the past week, and it reached a new high 15 times over the past 12 months. The last 20 days have seen an average of 1,891,610 shares traded, while the 50-day average volume stands at 2,107,562.

NDAQ stock has decreased by -5.45% in the last month. The company shares reached their 1-month lowest point of $58.57 on 09/21/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $46.77 and a high of $71.65 in 52 weeks. It has reached a new high 1 time so far this year and lost -16.33% or -$11.43 in price. In spite of this, the price is down -18.26% from the 52-week high.


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Insider Transactions

14 days have passed since Nasdaq Inc. (NDAQ) last reported insider trading activity. DENNISON ANN M, who is Executive Vice President, most recently acquired $6,500 shares at $62.00 per share on Sep 08. In this transaction, the insider spent $403,000. Executive Vice President, Peterson Bradley J, disposed of 12,000 shares at a price of $61.67 on Sep 07. The insider now owns more than $740,040 worth of shares. Prior to that, Executive Vice President SKULE JEREMY went on to Sale 700 shares at $186.13 each on Aug 22. An amount of $130,291 was transacted.

Valuation Metrics

Nasdaq Inc. (NDAQ) has a trailing price-to-earnings (P/E) ratio of 25.95. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.88, the price-to-book (PB) ratio at 4.93, and the price-to-cash flow ratio at 26.93.

The company has a payout ratio of 32.40%. The company’s most recent quarterly dividend payment was $0.20 a share, without any change from last year. Its latest increase dividend $0.00 reported on Thursday July 21 2022.

Financial Health

The quick ratio of Nasdaq Inc. for the three months ended June 29 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.80 and a total debt to equity ratio of 0.98 for the quarter ending June 29. Its gross profit as reported stood at $1.44 billion compared to revenue of $5.89 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nasdaq Inc.’s return on assets was 5.60%.

Earnings Surprise

For the three-month period that ended June 29, Nasdaq Inc. had $161.0 million in cash and short-term investments compared to $4.7 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $307.0 million in the quarter, while revenues were shrunk -11.07%. The analyst consensus anticipated Nasdaq Inc.’s latest quarter earnings to come in at $0.64 per share, but it turned out to be $0.69, a 7.80% surprise. For the quarter, EBITDA amounted to $477.0 million. At the end of the quarter ending June 29, Nasdaq Inc.’s stock balance sheet showed total debt was $6.24 billion. Shareholders own equity worth $491.23 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Nasdaq Inc. (NDAQ) price momentum. RSI 9-day as of the close on 21 September was 30.32%, suggesting the stock is Neutral, with historical volatility in this time frame at 21.93%.

As of today, NDAQ’s price is $60.12 -5.58% or -$3.46 from its 5-day moving average. NDAQ is currently trading -4.67% lower than its 20-day SMA and +8.10% higher than its 100-day SMA. However, the stock’s current price level is +13.53% above the SMA50 and -12.20% below the SMA200.

The stochastic %K and %D were 28.39% and 32.37%, respectively, and the average true range (ATR) was 1.36. With the 14-day stochastic at 0.00% and the average true range at 1.31, the RSI (14) stands at 38.42%. The stock has reached -1.82 on the 9-day MACD Oscillator while the 14-day reading was at -1.76.

Analyst Ratings

Atlantic Equities downgraded Nasdaq Inc. (NASDAQ: NDAQ) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Nasdaq Inc. (NDAQ) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NDAQ, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 11 others rate it as a “buy”.

What is NDAQ’s price target for the next 12 months?

Analysts predict a range of price targets between $21.67 and $80.33, with a median target of $66.00. Taking a look at these predictions, the average price target given by analysts for Nasdaq Inc. (NDAQ) stock is $62.27.

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