This Analyst Recently Issued Research Note On Nasdaq Inc. (NDAQ)

SNOW Stock
SNOW Stock

As of Friday close, Nasdaq Inc.’s (NASDAQ:NDAQ) stock was down -$0.36, moving down -0.68 percent to $52.75. The average number of shares traded per day over the past five days has been 3,507,680 shares. 3 times new highs have been achieved over the past 5 days, with a $0.15 gain in that time frame. In the last twenty days, the average volume was 2,542,480, while in the previous 50 days, it was 2,511,026.

Since last month, NDAQ stock retreated -10.84%. Shares of the company fell to $51.10 on 03/16/23, the lowest level in the past month. A 52-week high of $69.22 was reached on 01/18/23 after having rallying from a 52-week low of $46.77. Since the beginning of this year, NDAQ’s stock price has dropped by -14.02% or -$8.60, and marked a new high 7 times. However, the stock has declined by -23.79% since its 52-week high.

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NDAQ stock investors should be aware that Nasdaq Inc. (NDAQ) stock had its last reported insider trading activity 4 days ago on Mar 14. Smith Bryan Everard, the Executive Vice President of the company, disposed of 5,000 shares for $52.51 on Mar 14. It resulted in a $262,550 divestment by the insider. Smith Bryan Everard sold 3,000 shares at an average price of $56.17 on Feb 28. The insider now owns 53,083 shares following the transaction. On Feb 23, Executive Vice President Smith Bryan Everard sold 6,000 shares at $57.06 apiece. The transaction was valued at $342,360.

Valuation Metrics

Right now, Nasdaq Inc. (NDAQ) has a P/E ratio of about 23.32. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 4.28, the price-to-book (PB) ratio of 4.21, and the price-to-cash flow ratio of 22.75 may also be considered.

The latest dividend of $0.20 per share was paid out, remained unchanged from last year’s $0.20. On Thursday July 21 2022, a $0.00 dividend increase was announced.

Financial Health

In the three months ended December 30, Nasdaq Inc.’s quick ratio stood at 1.00, while its current ratio was 1.00, 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 0.77, and the total debt-to-equity ratio was 0.88. On the profitability front, the trailing twelve-month gross margin is 57.50% percent. In the year ended December 30, operating margins totaled 25.10%. Based on annual data, NDAQ earned $1.56 billion in gross profit and brought in $6.23 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 10.50%. Return on equity (ROE) for the past 12 months was 18.90%.

In Nasdaq Inc.’s quarter-end financial report for December 30, it reported total debt of $4.57 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NDAQ’s revenue rose 5.35% to $1.42 billion during the quarter, while net income inched up to $1.38 billion. While analysts expected Nasdaq Inc. to report $0.65 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by -1.50%. During the quarter, the company generated $412.0 million in EBITDA. The value of shareholders’ equity is $489.0 million.

Technical Picture

This quick technical analysis looks at Nasdaq Inc.’s (NDAQ) price momentum. With a historical volatility rate of 25.40%, the RSI 9-day stood at 34.13% on 17 March.

With respect to its five-day moving average, the current Nasdaq Inc. price is up by +0.29% percent or $0.15. At present, NDAQ shares trade -9.74% below its 20-day simple moving average and -8.64% percent below its 100-day simple moving average. However, the stock is currently trading approximately -14.44% below its SMA50 and +1.93% above its SMA200.

Stochastic coefficient K was 22.29% and Stochastic coefficient D was 15.64%, while ATR was 1.37. Given the Stochastic reading of 29.41% for the 14-day period, the RSI (14) reading has been calculated as 33.34%. As of today, the MACD Oscillator reading stands at -0.69, while the 14-day reading stands at -1.66.

Analyst Ratings

Nasdaq Inc. downgraded its rating on Nasdaq Inc. (NASDAQ: NDAQ) to a Hold in a note to investors on January 26, 2023. The analysts firm previously had a Buy rating on the stock.Nasdaq Inc. (NDAQ) has been rated Overweight by analysts. According to 1 brokerage firm, NDAQ is a sell, and 10 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Nasdaq Inc. stock as buy, with 8 recommending it as overweight.

With a median target price of $63.00, the current consensus forecast for the stock is $50.00 – $82.00. Based on these forecasts, analysts predict Nasdaq Inc. (NDAQ) will achieve an average price target of $64.29.


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