Intercontinental Exchange Inc (NYSE: ICE) has a higher price-to-earnings ratio of 30.94x compared to its average ratio. ICE has 36-month beta value of 1.03. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 3 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ICE is 568.07M, and currently, short sellers hold a 0.87% ratio of that float. The average trading volume of ICE on April 17, 2024 was 2.42M shares.
ICE) stock’s latest price update
The stock of Intercontinental Exchange Inc (NYSE: ICE) has decreased by -0.49 when compared to last closing price of 130.54. Despite this, the company has experienced a -3.82% fall 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.
ICE’s Market Performance
Intercontinental Exchange Inc (ICE) has seen a -3.82% fall in stock performance for the week, with a -3.52% decline in the past month and a 3.07% surge in the past quarter. The volatility ratio for the week is 1.94%, and the volatility levels for the past 30 days are at 1.58% for ICE. The simple moving average for the past 20 days is -4.37% for ICE’s stock, with a 7.46% 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 -4.43% 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 -7.50% of loss for the given period.
Volatility was left at 1.58%, however, over the last 30 days, the volatility rate increased by 1.94%, as shares sank -3.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.93% upper at present.
During the last 5 trading sessions, ICE fell by -3.82%, which changed the moving average for the period of 200-days by +15.69% in comparison to the 20-day moving average, which settled at $135.61. In addition, Intercontinental Exchange Inc saw 1.14% 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 ICE starting from Sprecher Jeffrey C, who sale 110,000 shares at the price of $137.21 back on Apr 03 ’24. After this action, Sprecher Jeffrey C now owns 2,661,705 shares of Intercontinental Exchange Inc, valued at $15,093,323 using the latest closing price.
Sprecher Jeffrey C, the Chief Executive Officer of Intercontinental Exchange Inc, sale 58,388 shares at $137.21 during a trade that took place back on Apr 03 ’24, which means that Sprecher Jeffrey C is holding 1,179,895 shares at $8,011,519 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 9.57. The receivables turnover for the company is 3.36for trailing twelve months and the total asset turnover is 0.07.
Conclusion
To put it simply, Intercontinental Exchange Inc (ICE) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
