Intercontinental Exchange Inc (NYSE: ICE) has a price-to-earnings ratio that is above its average at 32.75x. The stock has a 36-month beta value of 1.02. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ICE is 568.00M, and at present, short sellers hold a 1.04% of that float. On April 03, 2024, the average trading volume of ICE was 2.41M shares.
ICE) stock’s latest price update
Intercontinental Exchange Inc (NYSE: ICE)’s stock price has soared by 0.34 in relation to previous closing price of 137.03. Nevertheless, the company has seen a gain of 1.24% in its stock price over the last five trading days. Business Wire reported 2024-03-28 that ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, will hold its 2024 Annual Meeting of Stockholders virtually on Friday, May 17, 2024 at 8:30 a.m. Eastern Time. Stockholders of record as of the close of business on Thursday, March 21, 2024 are entitled to participate in, vote and submit questions at the Annual Meeting. Stockholders will also be able to submit questions in advance of the meeting at proxyvote.com be.
ICE’s Market Performance
Intercontinental Exchange Inc (ICE) has experienced a 1.24% rise in stock performance for the past week, with a -0.77% drop in the past month, and a 7.06% rise in the past quarter. The volatility ratio for the week is 1.36%, and the volatility levels for the past 30 days are at 1.39% for ICE.. The simple moving average for the past 20 days is 0.34% for ICE’s stock, with a 14.89% simple moving average for the past 200 days.
Analysts’ Opinion of ICE
Many brokerage firms have already submitted their reports for ICE stocks, with Barclays repeating the rating for ICE by listing it as a “Overweight.” The predicted price for ICE in the upcoming period, according to Barclays is $148 based on the research report published on January 08, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ICE reach a price target of $125. The rating they have provided for ICE stocks is “Neutral” according to the report published on September 22nd, 2023.
Citigroup gave a rating of “Buy” to ICE, setting the target price at $130 in the report published on August 04th of the previous year.
ICE Trading at 2.30% from the 50-Day Moving Average
After a stumble in the market that brought ICE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.09% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.36%, as shares sank -0.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.74% upper at present.
During the last 5 trading sessions, ICE rose by +1.24%, which changed the moving average for the period of 200-days by +24.24% in comparison to the 20-day moving average, which settled at $137.00. In addition, Intercontinental Exchange Inc saw 7.06% 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 ICE starting from SPRIESER JUDITH A, who sale 2,238 shares at the price of $137.36 back on Mar 28 ’24. After this action, SPRIESER JUDITH A now owns 29,347 shares of Intercontinental Exchange Inc, valued at $307,422 using the latest closing price.
Martin Lynn C, the President, NYSE Group of Intercontinental Exchange Inc, sale 6,060 shares at $137.41 during a trade that took place back on Mar 12 ’24, which means that Martin Lynn C is holding 52,939 shares at $832,714 based on the most recent closing price.
Stock Fundamentals for ICE
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.57 for the gross margin
The net margin for Intercontinental Exchange Inc stands at 0.24. The total capital return value is set at 0.07. Equity return is now at value 9.78, with 1.43 for asset returns.
Based on Intercontinental Exchange Inc (ICE), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 4.57.
Currently, EBITDA for the company is 5.19 billion with net debt to EBITDA at 4.24. When we switch over and look at the enterprise to sales, we see a ratio of 10.0. The receivables turnover for the company is 3.36for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To sum up, Intercontinental Exchange Inc (ICE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
