In the past week, NDAQ stock has gone down by -0.24%, with a monthly gain of 5.09% and a quarterly surge of 11.62%. The volatility ratio for the week is 1.62%, and the volatility levels for the last 30 days are 1.94% for Nasdaq Inc The simple moving average for the last 20 days is 1.66% for NDAQ stock, with a simple moving average of 15.61% for the last 200 days.
Is It Worth Investing in Nasdaq Inc (NASDAQ: NDAQ) Right Now?
The price-to-earnings ratio for Nasdaq Inc (NASDAQ: NDAQ) is 29.53x, which is above its average ratio. Moreover, the 36-month beta value for NDAQ is 0.94. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for NDAQ is 383.39M and currently, short sellers hold a 0.90% of that float. On April 09, 2024, NDAQ’s average trading volume was 3.19M shares.
NDAQ) stock’s latest price update
Nasdaq Inc (NASDAQ: NDAQ) has seen a rise in its stock price by 0.16 in relation to its previous close of 62.04. However, the company has experienced a -0.24% decline in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-04 that Product innovation, increased market volatility and a strategic economic market model are expected to aid Securities and Exchanges stocks like ICE, CME, COIN, NDAQ, and CBOE. However, compliance with regulations remains a challenge.
Analysts’ Opinion of NDAQ
Goldman, on the other hand, stated in their research note that they expect to see NDAQ reach a price target of $73. The rating they have provided for NDAQ stocks is “Buy” according to the report published on March 26th, 2024.
Goldman gave a rating of “Neutral” to NDAQ, setting the target price at $58 in the report published on December 01st of the previous year.
NDAQ Trading at 6.13% 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 -2.17% of loss for the given period.
Volatility was left at 1.94%, however, over the last 30 days, the volatility rate increased by 1.62%, as shares surge +3.55% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.46% upper at present.
During the last 5 trading sessions, NDAQ fell by -0.24%, which changed the moving average for the period of 200-days by +22.90% in comparison to the 20-day moving average, which settled at $61.23. In addition, Nasdaq Inc saw 6.88% 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 Smith Bryan Everard, who sale 7,400 shares at the price of $62.91 back on Apr 01 ’24. After this action, Smith Bryan Everard now owns 61,672 shares of Nasdaq Inc, valued at $465,534 using the latest closing price.
Borse Dubai LTD, the 10% Owner of Nasdaq Inc, sale 31,000,000 shares at $58.00 during a trade that took place back on Mar 22 ’24, which means that Borse Dubai LTD is holding 58,341,545 shares at $1,797,907,000 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 7.61. The receivables turnover for the company is 6.53for trailing twelve months and the total asset turnover is 0.19.
Conclusion
To wrap up, the performance of Nasdaq Inc (NDAQ) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
