Intercontinental Exchange Inc (NYSE:ICE) finished Thursday with an addition of $2.55 to close at $110.82, an upside of 2.36 percent. An average of 3,143,340 shares of common stock have been traded in the last five days. There was a fall of -$1.60 in the past week, and it reached a new high 29 times over the past 12 months. The last 20 days have seen an average of 2,888,620 shares traded, while the 50-day average volume stands at 2,455,706.
ICE stock has decreased by -6.54% in the last month. The company shares reached their 1-month lowest point of $107.16 on 09/26/23. With the stock rallying to its 52-week high on 08/30/23, shares of the company touched a low of $88.60 and a high of $118.79 in 52 weeks. It has reached a new high 16 times so far this year and achieved 8.02% or $8.23 in price. In spite of this, the price is down -6.71% from the 52-week high.
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Insider Transactions
ICE stock investors should be aware that Intercontinental Exchange Inc (ICE) stock had its last reported insider trading activity 8 days ago on Sep 21. In this transaction, the insider spent $10,004,908. Chief Executive Officer, Sprecher Jeffrey C, disposed of 30,000 shares at a price of $112.79 on Sep 21. The insider now owns more than $3,383,842 worth of shares. Prior to that, President Jackson Benjamin went on to Sale 2,000 shares at $117.14 each on Sep 14. An amount of $234,280 was transacted.
Valuation Metrics
Intercontinental Exchange Inc (ICE) has a trailing price-to-earnings (P/E) ratio of 36.84. The stock’s beta is 0.95. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.84, the price-to-book (PB) ratio at 2.61, and the price-to-cash flow ratio at 18.17.
The company has a payout ratio of 58.97%. The company’s most recent quarterly dividend payment was $0.42 a share, without any change from last year. Its latest increase dividend $0.04 reported on Thursday February 2 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.77 and a total debt to equity ratio of 0.77 for the recent quarter. Its gross profit as reported stood at $7.16 billion compared to revenue of $7.29 billion.
Earnings Surprise
For the recent quarter, Intercontinental Exchange Inc had $18.13 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $799.0 million in the quarter, while revenues were grew 30.54%. Shareholders own equity worth $560.3 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Intercontinental Exchange Inc (ICE) price momentum. RSI 9-day as of the close on 28 September was 41.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 22.85%.
As of today, ICE’s price is $109.13 -1.42% or -$1.60 from its 5-day moving average. ICE is currently trading -6.01% lower than its 20-day SMA and +2.32% higher than its 100-day SMA. However, the stock’s current price level is -4.18% below the SMA50 and +7.25% above the SMA200.
The stochastic %K and %D were 16.17% and 7.42%, respectively, and the average true range (ATR) was 1.81. With the 14-day stochastic at 36.67% and the average true range at 1.76, the RSI (14) stands at 41.36%. The stock has reached -2.87 on the 9-day MACD Oscillator while the 14-day reading was at -4.46.
Analyst Ratings
The consensus rating for Intercontinental Exchange Inc (ICE) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ICE, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 12 others rate it as a “buy”.
What is ICE’s price target for the next 12 months?
Analysts predict a range of price targets between $118.00 and $168.00, with a median target of $134.50. Taking a look at these predictions, the average price target given by analysts for Intercontinental Exchange Inc (ICE) stock is $134.64.
