Nasdaq Inc (NASDAQ: NDAQ) has a higher price-to-earnings ratio of 28.61x 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 383.57M, and currently, shorts hold a 1.24% of that float. The average trading volume for NDAQ on April 16, 2024 was 3.27M shares.
NDAQ) stock’s latest price update
Nasdaq Inc (NASDAQ: NDAQ)’s stock price has dropped by -2.16 in relation to previous closing price of 61.52. Nevertheless, the company has seen a loss of -3.14% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-10 that Organic growth, ramping up of on-trading revenue base, strategic buyouts and effective capital deployment poise Nasdaq (NDAQ) for growth.
NDAQ’s Market Performance
Nasdaq Inc (NDAQ) has seen a -3.14% fall in stock performance for the week, with a 2.56% gain in the past month and a 5.73% surge in the past quarter. The volatility ratio for the week is 2.65%, and the volatility levels for the past 30 days are at 2.13% for NDAQ.. The simple moving average for the past 20 days is -2.74% for NDAQ’s stock, with a 11.32% simple moving average for the past 200 days.
Analysts’ Opinion of NDAQ
Many brokerage firms have already submitted their reports for NDAQ stocks, with Barclays repeating the rating for NDAQ by listing it as a “Overweight.” The predicted price for NDAQ in the upcoming period, according to Barclays is $76 based on the research report published on April 11, 2024 of the current year 2024.
Morgan Stanley, on the other hand, stated in their research note that they expect to see NDAQ reach a price target of $80, previously predicting the price at $59. The rating they have provided for NDAQ stocks is “Overweight” according to the report published on April 09th, 2024.
NDAQ Trading at 2.04% 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 -6.32% of loss for the given period.
Volatility was left at 2.13%, however, over the last 30 days, the volatility rate increased by 2.65%, as shares surge +0.85% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.43% upper at present.
During the last 5 trading sessions, NDAQ fell by -3.14%, which changed the moving average for the period of 200-days by +21.40% in comparison to the 20-day moving average, which settled at $61.91. In addition, Nasdaq Inc saw 3.53% 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 7.43. 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.
