Intercontinental Exchange Inc (NYSE: ICE) has a price-to-earnings ratio of 31.51x that is above its average ratio. Additionally, the 36-month beta value for ICE is 1.02. There are mixed opinions on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for ICE is 568.12M and currently, short sellers hold a 0.87% ratio of that float. The average trading volume of ICE on April 24, 2024 was 2.42M shares.
ICE) stock’s latest price update
The stock price of Intercontinental Exchange Inc (NYSE: ICE) has surged by 0.52 when compared to previous closing price of 131.65, but the company has seen a 1.87% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-18 that Short-term bonds currently yield more than stocks, indicating a shift in the investment environment. Investors should focus on companies with healthy balance sheets, pricing power, and that are trading below their fair value. We suggest several favorite wide-moat dividend businesses.
ICE’s Market Performance
ICE’s stock has risen by 1.87% in the past week, with a monthly drop of -2.86% and a quarterly rise of 4.08%. The volatility ratio for the week is 1.10% while the volatility levels for the last 30 days are 1.46% for Intercontinental Exchange Inc The simple moving average for the past 20 days is -1.64% for ICE’s stock, with a 9.06% 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 -2.79% 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 -5.77% of loss for the given period.
Volatility was left at 1.46%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares sank -2.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.33% lower at present.
During the last 5 trading sessions, ICE rose by +1.87%, which changed the moving average for the period of 200-days by +17.85% in comparison to the 20-day moving average, which settled at $134.36. In addition, Intercontinental Exchange Inc saw 3.04% 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 9.71. The receivables turnover for the company is 3.36for trailing twelve months and the total asset turnover is 0.07.
Conclusion
In conclusion, Intercontinental Exchange Inc (ICE) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
