As of Friday close, Cboe Global Markets Inc.’s (AMEX:CBOE) stock was up $0.34, moving up 0.23 percent to $150.12. The average number of shares traded per day over the past five days has been 666,980 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 695,460, while in the previous 50 days, it was 618,032.
Since last month, CBOE stock rose 5.55%. Shares of the company fell to $137.00 on 08/03/23, the lowest level in the past month. A 52-week high of $151.15 was reached on 08/17/23 after having rallying from a 52-week low of $114.17. Since the beginning of this year, CBOE’s stock price has risen by 19.65% or $24.65, and marked a new high 31 times. However, the stock has declined by -0.68% since its 52-week high.
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CBOE stock investors should be aware that Cboe Global Markets Inc. (CBOE) stock had its last reported insider trading activity 11 days ago on Aug 08. Goodman Jill R, the Director of the company, disposed of 5,051 shares for $144.95 on Aug 08. It resulted in a $732,142 divestment by the insider. Tilly Edward T sold 8,000 shares at an average price of $135.86 on Jul 10. The insider now owns 177,983 shares following the transaction. On Jun 13, CHAIRMAN AND CEO Tilly Edward T sold 8,000 shares at $135.68 apiece. The transaction was valued at $1,085,438.
Valuation Metrics
Right now, Cboe Global Markets Inc. (CBOE) has a P/E ratio of about 24.63. The stock’s beta is 0.49. Besides these, the trailing price-to-sales (P/S) ratio of 4.02, the price-to-book (PB) ratio of 4.33, and the price-to-cash flow ratio of 31.56 may also be considered.
Financial Health
In the three months ended June 29, Cboe Global Markets Inc.’s quick ratio stood at 1.20, while its current ratio was 1.20, 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 0.39, and the total debt-to-equity ratio was 0.44. On the profitability front, the trailing twelve-month gross margin is 47.20% percent. In the year ended June 29, operating margins totaled 25.20%. Based on annual data, CBOE earned $1.74 billion in gross profit and brought in $3.96 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 5.60%. Return on equity (ROE) for the past 12 months was 18.60%.
In Cboe Global Markets Inc.’s quarter-end financial report for June 29, it reported total debt of $1.44 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CBOE’s revenue fell -8.68% during the quarter, while net income inched up to $907.1 million. While analysts expected Cboe Global Markets Inc. to report $1.77 quarterly earnings, the actual figure was $1.78 per share, beating the consensus estimate by 0.60%. During the quarter, the company generated $285.2 million in EBITDA. The liabilities of Cboe Global Markets Inc. were 3.53 billion at the end of its most recent quarter ended June 29, and its total debt was $1.74 billion. The value of shareholders’ equity is $105.52 million.
Technical Picture
This quick technical analysis looks at Cboe Global Markets Inc.’s (CBOE) price momentum. With a historical volatility rate of 11.60%, the RSI 9-day stood at 72.71% on 18 August.
With respect to its five-day moving average, the current Cboe Global Markets Inc. price is down by -0.09% percent or -$0.13. At present, CBOE shares trade +4.62% above its 20-day simple moving average and +14.19% percent above its 100-day simple moving average. However, the stock is currently trading approximately +12.85% above its SMA50 and +20.58% above its SMA200.
Stochastic coefficient K was 92.16% and Stochastic coefficient D was 90.47%, while ATR was 2.52. Given the Stochastic reading of 92.72% for the 14-day period, the RSI (14) reading has been calculated as 69.68%. As of today, the MACD Oscillator reading stands at 1.24, while the 14-day reading stands at 3.53.
Analyst Ratings
Barclays launched its rating on Cboe Global Markets Inc. (AMEX: CBOE) to an Equal weight in a note to investors on June 28, 2023. Cboe Global Markets Inc. (CBOE) has been rated Overweight by analysts. According to 1 brokerage firm, CBOE is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Cboe Global Markets Inc. stock as buy, with 7 recommending it as overweight.
With a median target price of $155.00, the current consensus forecast for the stock is $130.00 – $172.00. Based on these forecasts, analysts predict Cboe Global Markets Inc. (CBOE) will achieve an average price target of $153.85.
