As of Wednesday close, Intercontinental Exchange Inc.’s (NYSE:ICE) stock was down -$0.14, moving down -0.12 percent to $113.97. The average number of shares traded per day over the past five days has been 1,573,200 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.23 fall in that time frame. In the last twenty days, the average volume was 2,122,205, while in the previous 50 days, it was 2,234,532.
Since last month, ICE stock retreated -1.81%. Shares of the company fell to $107.31 on 08/03/23, the lowest level in the past month. A 52-week high of $117.85 was reached on 07/14/23 after having rallying from a 52-week low of $88.60. Since the beginning of this year, ICE’s stock price has risen by 11.09% or $11.38, and marked a new high 14 times. However, the stock has declined by -3.29% since its 52-week high.
ICE stock investors should be aware that Intercontinental Exchange Inc. (ICE) stock had its last reported insider trading activity 36 days ago on Jul 12. Jackson Benjamin, the President of the company, disposed of 3,000 shares for $115.54 on Jul 12. It resulted in a $346,620 divestment by the insider. Edmonds Christopher Scott sold 1,044 shares at an average price of $115.54 on Jul 12. The insider now owns 16,256 shares following the transaction. On Jun 09, Chief Financial Officer Gardiner Warren sold 500 shares at $110.52 apiece. The transaction was valued at $55,260.
Valuation Metrics
Right now, Intercontinental Exchange Inc. (ICE) has a P/E ratio of about 37.90. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 6.72, the price-to-book (PB) ratio of 2.68, and the price-to-cash flow ratio of 20.40 may also be considered.
The latest dividend of $0.42 per share was paid out, remained unchanged from last year’s $0.42.
Financial Health
In the three months ended June 29, 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 June 29 was 0.76, and the total debt-to-equity ratio was 0.76. On the profitability front, the trailing twelve-month gross margin is 76.90% percent. In the year ended June 29, operating margins totaled 38.70%. 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 7.30%.
In Intercontinental Exchange Inc.’s quarter-end financial report for June 29, it reported total debt of $18.13 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 0.7% to $2.56 billion during the quarter, while net income inched up to $2.44 billion. While analysts expected Intercontinental Exchange Inc. to report $1.37 quarterly earnings, the actual figure was $1.43 per share, beating the consensus estimate by 4.40%. During the quarter, the company generated $1.22 billion in EBITDA. The liabilities of Intercontinental Exchange Inc. were 112.39 billion at the end of its most recent quarter ended June 29, and its total debt was $18.35 billion. The value of shareholders’ equity is $560.3 million.
Technical Picture
This quick technical analysis looks at Intercontinental Exchange Inc.’s (ICE) price momentum. With a historical volatility rate of 15.99%, the RSI 9-day stood at 45.62% on 16 August.
With respect to its five-day moving average, the current Intercontinental Exchange Inc. price is down by -0.20% percent or -$0.23. At present, ICE shares trade -1.46% below its 20-day simple moving average and +18.07% percent above its 100-day simple moving average. However, the stock is currently trading approximately +5.22% above its SMA50 and +19.18% above its SMA200.
Stochastic coefficient K was 72.58% and Stochastic coefficient D was 72.21%, while ATR was 1.87. Given the Stochastic reading of 72.47% for the 14-day period, the RSI (14) reading has been calculated as 48.40%. As of today, the MACD Oscillator reading stands at -0.21, while the 14-day reading stands at -0.16.
Analyst Ratings
Citigroup upgraded its rating on Intercontinental Exchange Inc. (NYSE: ICE) to a Buy in a note to investors on August 04, 2023. 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 3 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 12 recommending it as overweight.
With a median target price of $131.50, the current consensus forecast for the stock is $121.70 – $168.00. Based on these forecasts, analysts predict Intercontinental Exchange Inc. (ICE) will achieve an average price target of $133.26.
