Nasdaq Inc. (NASDAQ:NDAQ) finished Wednesday with an addition of $1.01 to close at $51.47, an upside of 1.99 percent. An average of 1,818,247 shares of common stock have been traded in the last five days. There was a gain of $1.72 in the past week, and it reached a new high 12 times over the past 12 months. The last 20 days have seen an average of 3,282,827 shares traded, while the 50-day average volume stands at 3,986,835.
NDAQ stock has increased by 2.93% in the last month. The company shares reached their 1-month lowest point of $48.98 on 07/11/23. With the stock rallying to its 52-week high on 01/18/23, shares of the company touched a low of $48.65 and a high of $69.22 in 52 weeks. It has reached a new high 7 times so far this year and lost -16.11% or -$10.24 in price. In spite of this, the price is down -25.65% from the 52-week high.
Insider Transactions
NDAQ stock investors should be aware that Nasdaq Inc. (NDAQ) stock had its last reported insider trading activity 17 days ago on Aug 03. In this transaction, the insider spent $59,399. Executive Vice President, DENNISON ANN M, disposed of 5,100 shares at a price of $50.05 on Jul 21. The insider now owns more than $255,255 worth of shares. Prior to that, Executive Vice President Smith Bryan Everard went on to Sale 5,000 shares at $52.51 each on Mar 14. An amount of $262,550 was transacted.
Valuation Metrics
Nasdaq Inc. (NDAQ) has a trailing price-to-earnings (P/E) ratio of 23.09. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.13, the price-to-book (PB) ratio at 4.05, and the price-to-cash flow ratio at 21.97.
Financial Health
The quick ratio of Nasdaq Inc. for the three months ended June 29 was 1.60, and the current ratio was 1.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.57 and a total debt to equity ratio of 1.59 for the quarter ending June 29. Its gross profit as reported stood at $1.56 billion compared to revenue of $6.23 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Nasdaq Inc.’s return on assets was 4.90%.
Earnings Surprise
For the three-month period that ended June 29, Nasdaq Inc. had $9.79 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 $267.0 million in the quarter, while revenues were shrunk -14.98%. The analyst consensus anticipated Nasdaq Inc.’s latest quarter earnings to come in at $0.66 per share, but it turned out to be $0.71, a 7.60% surprise. For the quarter, EBITDA amounted to $447.0 million. At the end of the quarter ending June 29, Nasdaq Inc.’s stock balance sheet showed total debt was $10.42 billion. Shareholders own equity worth $491.32 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nasdaq Inc. (NDAQ) price momentum. RSI 9-day as of the close on 09 August was 62.67%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.12%.
As of today, NDAQ’s price is $50.21 +3.49% or $1.72 from its 5-day moving average. NDAQ is currently trading -0.13% lower than its 20-day SMA and -3.12% lower than its 100-day SMA. However, the stock’s current price level is -7.00% below the SMA50 and -11.49% below the SMA200.
The stochastic %K and %D were 58.57% and 41.14%, respectively, and the average true range (ATR) was 0.81. With the 14-day stochastic at 81.84% and the average true range at 0.86, the RSI (14) stands at 55.41%. The stock has reached 0.44 on the 9-day MACD Oscillator while the 14-day reading was at 0.20.
Analyst Ratings
Morgan Stanley downgraded Nasdaq Inc. (NASDAQ: NDAQ) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Nasdaq Inc. (NDAQ) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NDAQ, while 8 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is NDAQ’s price target for the next 12 months?
Analysts predict a range of price targets between $50.00 and $82.00, with a median target of $56.00. Taking a look at these predictions, the average price target given by analysts for Nasdaq Inc. (NDAQ) stock is $60.26.
