Tradeweb Markets Inc. (NASDAQ:TW) saw an upside of 0.65% to close Friday at $83.29 after adding $0.54 on the day. The 5-day average trading volume is 823,740 shares of the company’s common stock. It has gained $83.53 in the past week and touched a new high 4 times within the past 5 days. An average of 855,075 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 785,934.
TW’s 1-month performance is 12.40% or $12.25 on its low of $71.55 reached on 07/19/23. The company’s shares have touched a 52-week low of $51.47 and high of $84.89, with the stock’s rally to the 52-week high happening on 08/07/23. YTD, TW has achieved 28.28% or $18.36 and has reached a new high 21 times. However, the current price is down -1.88% from the 52-week high price.
Insider Transactions
TW stock investors last saw insider trading activity on Jul 06.Friedman Douglas (General Counsel and Secretary) most recently sold 3,170 shares at $65.57 per share on Jul 06. This transaction cost the insider $207,868. Director, Yared Rana, sold 567 shares at a price of $71.28 on Jun 15. Then, on Jun 13, Director Yared Rana sold 851 shares at a price of $69.97 per share. This transaction amounted to $59,544.
Valuation Metrics
TW stock has a beta of 0.95. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 14.35 while the price-to-book (PB) in the most recent quarter is 3.40, with the price to cash flow ratio at 27.59.
The trailing 12-month EBITDA margin is 49.43% while for the period ending June 29, Tradeweb Markets Inc.’s operating margin was 35.50%. The firm’s gross profit as reported stood at $776.21 million against revenue of $1.19 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 23.28% to $89.08 million, while revenue of $87.86 million was 1.37% off the previous quarter. Analysts expected TW to announce $0.5 per share in earnings in its latest quarter, but it posted $0.52, representing a 4.00% surprise. EBITDA for the quarter stood at more than $162.22 million. TW stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 773.13 million, with total debt at $24.47 million. Shareholders hold equity totaling $234.66 million.
Let’s look briefly at Tradeweb Markets Inc. (TW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 18 August was 67.83% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.86%.
The stock’s 5-day moving average is $82.42, reflecting a +1.98% or $1.62 change from its current price. TW is currently trading +11.39% above its 20-day SMA, +12.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +20.38% and SMA200 by+51.22%.
Stochastic %K and %D was 60.51% and 61.60% and the average true range (ATR) pointed at 1.80. The RSI (14) points at 68.35%, while the 14-day stochastic is at 66.03% with the period’s ATR at 1.81. The stock’s 9-day MACD Oscillator is pointing at 0.98 and 0.94 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Tradeweb Markets Inc. (NASDAQ: TW), Barclays launched coverage with an Overweight rating.
