A Closer Look At Intercontinental Exchange Inc. (ICE)’s Financials

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As of Friday close, Intercontinental Exchange Inc.’s (NYSE:ICE) stock was down -$2.23, moving down -2.25 percent to $97.00. The average number of shares traded per day over the past five days has been 4,651,200 shares. 3 times new highs have been achieved over the past 5 days, with a $1.61 gain in that time frame. In the last twenty days, the average volume was 3,699,910, while in the previous 50 days, it was 2,819,530.

Since last month, ICE stock retreated -10.71%. Shares of the company fell to $94.16 on 03/13/23, the lowest level in the past month. A 52-week high of $137.40 was reached on 02/02/23 after having rallying from a 52-week low of $88.60. Since the beginning of this year, ICE’s stock price has dropped by -5.45% or -$5.59, and marked a new high 8 times. However, the stock has declined by -29.40% since its 52-week high.

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ICE stock investors should be aware that Intercontinental Exchange Inc. (ICE) stock had its last reported insider trading activity 23 days ago on Feb 23. Foley Douglas, the SVP, HR & Administration of the company, disposed of 1,600 shares for $104.80 on Feb 23. It resulted in a $167,680 divestment by the insider. Sprecher Jeffrey C sold 81,827 shares at an average price of $104.02 on Feb 22. The insider now owns 1,203,104 shares following the transaction. On Feb 22, Chief Executive Officer Sprecher Jeffrey C sold 30,000 shares at $104.02 apiece. The transaction was valued at $3,120,473.

Valuation Metrics

Right now, Intercontinental Exchange Inc. (ICE) has a P/E ratio of about 37.73. The stock’s beta is 0.93. Besides these, the trailing price-to-sales (P/S) ratio of 5.90, the price-to-book (PB) ratio of 2.39, and the price-to-cash flow ratio of 22.97 may also be considered.

The latest dividend of $0.42 per share was paid out, which is 10.53% more than last year’s $0.38. On Thursday February 2 2023, a $0.04 dividend increase was announced.

Financial Health

In the three months ended December 30, Intercontinental Exchange Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.80, and the total debt-to-equity ratio was 0.80. On the profitability front, the trailing twelve-month gross margin is 75.70% percent. In the year ended December 30, operating margins totaled 37.70%. Based on annual data, ICE earned $7.16 billion in gross profit and brought in $7.29 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 8.10%. Return on equity (ROE) for the past 12 months was 6.40%.

In Intercontinental Exchange Inc.’s quarter-end financial report for December 30, it reported total debt of $18.12 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ICE’s revenue rose 4.67% to $2.42 billion during the quarter, while net income inched up to $2.44 billion. While analysts expected Intercontinental Exchange Inc. to report $1.26 quarterly earnings, the actual figure was $1.25 per share, beating the consensus estimate by -0.80%. During the quarter, the company generated -$734.0 million in EBITDA. The liabilities of Intercontinental Exchange Inc. were 171.58 billion at the end of its most recent quarter ended December 30, and its total debt was $18.38 billion. The value of shareholders’ equity is $558.85 million.

Technical Picture

This quick technical analysis looks at Intercontinental Exchange Inc.’s (ICE) price momentum. With a historical volatility rate of 33.94%, the RSI 9-day stood at 35.59% on 17 March.

With respect to its five-day moving average, the current Intercontinental Exchange Inc. price is up by +1.69% percent or $1.61. At present, ICE shares trade -9.46% below its 20-day simple moving average and +4.25% percent above its 100-day simple moving average. However, the stock is currently trading approximately -6.67% below its SMA50 and -5.26% below its SMA200.

Stochastic coefficient K was 31.41% and Stochastic coefficient D was 33.40%, while ATR was 2.75. Given the Stochastic reading of 23.75% for the 14-day period, the RSI (14) reading has been calculated as 36.28%. As of today, the MACD Oscillator reading stands at -1.12, while the 14-day reading stands at -2.26.

Analyst Ratings

BofA Securities upgraded its rating on Intercontinental Exchange Inc. (NYSE: ICE) to a Buy in a note to investors on November 17, 2022. The analysts firm previously had a Neutral rating on the stock.Intercontinental Exchange Inc. (ICE) has been rated Overweight by analysts. According to 0 brokerage firms, ICE is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Intercontinental Exchange Inc. stock as buy, with 10 recommending it as overweight.

With a median target price of $125.00, the current consensus forecast for the stock is $117.00 – $168.00. Based on these forecasts, analysts predict Intercontinental Exchange Inc. (ICE) will achieve an average price target of $127.62.


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