As of Friday close, Nasdaq Inc.’s (NASDAQ:NDAQ) stock was down -$0.17, moving down -0.35 percent to $48.67. The average number of shares traded per day over the past five days has been 1,900,540 shares. 2 times new highs have been achieved over the past 5 days, with a -$2.10 fall in that time frame. In the last twenty days, the average volume was 2,158,060, while in the previous 50 days, it was 2,791,958.
Since last month, NDAQ stock retreated -7.56%. Shares of the company fell to $48.62 on 09/22/23, 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 $48.65. Since the beginning of this year, NDAQ’s stock price has dropped by -20.67% or -$12.68, and marked a new high 7 times. However, the stock has declined by -29.69% 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 51 days ago on Aug 03. YABUKI JEFFERY W, the Director of the company, purchased of 500 shares for $49.40 on Aug 03. It resulted in a $24,700 investment by the insider. FRIEDMAN ADENA T added 10,000 shares at an average price of $51.00 on Jul 31. The insider now owns 1,672,318 shares following the transaction. On Jul 24, Director SPLINTER MICHAEL R sold 1,164 shares at $51.03 apiece. The transaction was valued at $59,399.
Valuation Metrics
Right now, Nasdaq Inc. (NDAQ) has a P/E ratio of about 21.83. The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 3.97, the price-to-book (PB) ratio of 3.83, and the price-to-cash flow ratio of 15.63 may also be considered.
The latest dividend of $0.22 per share was paid out, remained unchanged from last year’s $0.22. On Thursday June 15 2023, a $0.02 dividend increase was announced.
Financial Health
In the three months ended June 29, Nasdaq Inc.’s quick ratio stood at 1.60, while its current ratio was 1.60, 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 1.57, and the total debt-to-equity ratio was 1.59. On the profitability front, the trailing twelve-month gross margin is 59.60% percent. In the year ended June 29, operating margins totaled 25.20%. 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 18.10%.
In Nasdaq Inc.’s quarter-end financial report for June 29, it reported total debt of $9.79 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NDAQ’s revenue rose 0.77% to $1.53 billion during the quarter, while net income inched up to $1.43 billion. While analysts expected Nasdaq Inc. to report $0.66 quarterly earnings, the actual figure was $0.71 per share, beating the consensus estimate by 7.60%. During the quarter, the company generated $447.0 million in EBITDA. The value of shareholders’ equity is $491.32 million.
Technical Picture
This quick technical analysis looks at Nasdaq Inc.’s (NDAQ) price momentum. With a historical volatility rate of 18.23%, the RSI 9-day stood at 22.21% on 22 September.
With respect to its five-day moving average, the current Nasdaq Inc. price is down by -4.14% percent or -$2.10. At present, NDAQ shares trade -6.99% below its 20-day simple moving average and -11.59% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.89% below its SMA50 and -28.28% below its SMA200.
Stochastic coefficient K was 1.10% and Stochastic coefficient D was 5.26%, while ATR was 0.83. Given the Stochastic reading of 1.47% for the 14-day period, the RSI (14) reading has been calculated as 30.25%. As of today, the MACD Oscillator reading stands at -1.18, while the 14-day reading stands at -1.47.
Analyst Ratings
Nasdaq Inc. downgraded its rating on Nasdaq Inc. (NASDAQ: NDAQ) to an Equal-weight in a note to investors on April 11, 2023. The analysts firm previously had an Overweight rating on the stock.Nasdaq Inc. (NDAQ) has been rated Overweight by analysts. According to 0 brokerage firms, NDAQ is a sell, and 9 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 6 recommending it as overweight.
With a median target price of $57.00, 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 $60.49.
