Nasdaq Inc (NASDAQ: NDAQ)’s stock price has plunge by -1.28relation to previous closing price of 63.10. Nevertheless, the company has seen a 1.07% surge in its stock price over the last five trading sessions. GlobeNewsWire reported 2024-03-25 that NEW YORK, March 25, 2024 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) has scheduled its First Quarter 2024 financial results announcement.
Is It Worth Investing in Nasdaq Inc (NASDAQ: NDAQ) Right Now?
Nasdaq Inc (NASDAQ: NDAQ) has a higher price-to-earnings ratio of 29.60x compared to its average ratio, The 36-month beta value for NDAQ is at 0.94. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for NDAQ is 383.48M, and currently, shorts hold a 0.90% of that float. The average trading volume for NDAQ on April 02, 2024 was 3.16M shares.
NDAQ’s Market Performance
NDAQ stock saw an increase of 1.07% in the past week, with a monthly gain of 10.84% and a quarterly increase of 6.95%. The volatility ratio for the week is 1.35%, and the volatility levels for the last 30 days are 2.04% for Nasdaq Inc (NDAQ). The simple moving average for the last 20 days is 3.68% for NDAQ stock, with a simple moving average of 16.44% for the last 200 days.
Analysts’ Opinion of NDAQ
Many brokerage firms have already submitted their reports for NDAQ stocks, with Goldman repeating the rating for NDAQ by listing it as a “Buy.” The predicted price for NDAQ in the upcoming period, according to Goldman is $73 based on the research report published on March 26, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see NDAQ reach a price target of $58. The rating they have provided for NDAQ stocks is “Neutral” according to the report published on December 01st, 2023.
Morgan Stanley gave a rating of “Equal-Weight” to NDAQ, setting the target price at $60 in the report published on April 11th of the previous year.
NDAQ Trading at 7.08% from the 50-Day Moving Average
After a stumble in the market that brought NDAQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.94% of loss for the given period.
Volatility was left at 2.04%, however, over the last 30 days, the volatility rate increased by 1.35%, as shares surge +10.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.61% upper at present.
During the last 5 trading sessions, NDAQ rose by +1.07%, which changed the moving average for the period of 200-days by +21.99% in comparison to the 20-day moving average, which settled at $60.37. In addition, Nasdaq Inc saw 7.14% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NDAQ starting from Borse Dubai LTD, who sale 31,000,000 shares at the price of $58.00 back on Mar 22 ’24. After this action, Borse Dubai LTD now owns 58,341,545 shares of Nasdaq Inc, valued at $1,797,907,000 using the latest closing price.
Smith Bryan Everard, the Executive Vice President of Nasdaq Inc, sale 2,064 shares at $56.29 during a trade that took place back on Mar 01 ’24, which means that Smith Bryan Everard is holding 63,528 shares at $116,183 based on the most recent closing price.
Stock Fundamentals for NDAQ
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.63 for the gross margin
The net margin for Nasdaq Inc stands at 0.17. The total capital return value is set at 0.07. Equity return is now at value 12.49, with 3.99 for asset returns.
Based on Nasdaq Inc (NDAQ), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 0.97. The interest coverage ratio of the stock is -11.26.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 6.25. When we switch over and look at the enterprise to sales, we see a ratio of 7.63. The receivables turnover for the company is 6.53for trailing twelve months and the total asset turnover is 0.19.
Conclusion
In conclusion, Nasdaq Inc (NDAQ) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
