Intercontinental Exchange Inc (NYSE:ICE) saw a downside of -0.90% to close Monday at $109.18 after subtracting -$0.99 on the day. The 5-day average trading volume is 2,182,480 shares of the company’s common stock. It has gained $116.45 in the past week and touched a new high 2 times within the past 5 days. An average of 2,698,035 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,407,400.
ICE’s 1-month performance is -5.28% or -$6.62 on its low of $109.01 reached on 09/25/23. The company’s shares have touched a 52-week low of $88.60 and high of $118.79, with the stock’s rally to the 52-week high happening on 08/30/23. YTD, ICE has achieved 6.42% or $6.59 and has reached a new high 16 times. However, the current price is down -8.09% from the 52-week high price.
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Insider Transactions
ICE stock investors last saw insider trading activity on Sep 21.Sprecher Jeffrey C (Chief Executive Officer) most recently sold 88,683 shares at $112.82 per share on Sep 21. This transaction cost the insider $10,004,908. Chief Executive Officer, Sprecher Jeffrey C, sold 30,000 shares at a price of $112.79 on Sep 21. Then, on Sep 14, President Jackson Benjamin sold 2,000 shares at a price of $117.14 per share. This transaction amounted to $234,280.
Valuation Metrics
ICE stock has a beta of 0.94. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.74 while the price-to-book (PB) in the most recent quarter is 2.57, with the price to cash flow ratio at 17.90.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.77, while the total debt to equity was 0.77. In terms of profitability, the gross margin trailing 12 months is 69.61%. The firm’s gross profit as reported stood at $7.16 billion against revenue of $7.29 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 30.54% to $799.0 million, while revenue of $655.0 million was 18.02% off the previous quarter. Analysts expected ICE to announce $1.37 per share in earnings in its latest quarter, but it posted $1.43, representing a 4.40% surprise. EBITDA for the quarter stood at more than $1.22 billion. ICE stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 112.39 billion, with total debt at $18.35 billion. Shareholders hold equity totaling $560.3 million.
Let’s look briefly at Intercontinental Exchange Inc (ICE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 20.18% to suggest the stock is trending oversold, with historical volatility in this time period at 14.99%.
The stock’s 5-day moving average is $112.52, reflecting a -5.79% or -$6.71 change from its current price. ICE is currently trading -5.72% above its 20-day SMA, +1.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.09% and SMA200 by+3.25%.
Stochastic %K and %D was 1.74% and 17.08% and the average true range (ATR) pointed at 1.65. The RSI (14) points at 28.69%, while the 14-day stochastic is at 2.09% with the period’s ATR at 1.65. The stock’s 9-day MACD Oscillator is pointing at -3.62 and -3.89 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for ICE stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate ICE as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.
What is ICE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $118.00 and a high of $168.00, with their median price target at $134.50. Looking at these predictions, the average price target given by analysts is for Intercontinental Exchange Inc (ICE) stock is $134.29.
