The stock of Cboe Global Markets Inc. (AMEX: CBOE) has increased by 1.28 when compared to last closing price of 179.39. Despite this, the company has experienced a 2.35% 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.
Is It Worth Investing in Cboe Global Markets Inc. (AMEX: CBOE) Right Now?
Cboe Global Markets Inc. (AMEX: CBOE) has a price-to-earnings ratio of 25.46x that is above its average ratio. Additionally, the 36-month beta value for CBOE is 0.59. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for CBOE is 105.18M and currently, short sellers hold a 1.96% ratio of that float. The average trading volume of CBOE on April 26, 2024 was 828.46K shares.
CBOE’s Market Performance
CBOE stock saw an increase of 2.35% in the past week, with a monthly gain of 2.01% and a quarterly increase of -3.71%. The volatility ratio for the week is 1.80%, and the volatility levels for the last 30 days are 1.87% for Cboe Global Markets Inc. (CBOE). The simple moving average for the past 20 days is 1.08% for CBOE’s stock, with a 7.29% simple moving average for the past 200 days.
Analysts’ Opinion of CBOE
Many brokerage firms have already submitted their reports for CBOE stocks, with Morgan Stanley repeating the rating for CBOE by listing it as a “Equal-Weight.” The predicted price for CBOE in the upcoming period, according to Morgan Stanley is $199 based on the research report published on April 09, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see CBOE reach a price target of $204, previously predicting the price at $189. The rating they have provided for CBOE stocks is “Overweight” according to the report published on January 08th, 2024.
CBOE Trading at -1.29% from the 50-Day Moving Average
After a stumble in the market that brought CBOE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.70% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.80%, as shares surge +0.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.90% lower at present.
During the last 5 trading sessions, CBOE rose by +2.35%, which changed the moving average for the period of 200-days by +32.04% in comparison to the 20-day moving average, which settled at $179.82. In addition, Cboe Global Markets Inc. saw 1.75% 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 CBOE starting from Sexton John P, who sale 6,968 shares at the price of $185.00 back on Mar 11 ’24. After this action, Sexton John P now owns 16,569 shares of Cboe Global Markets Inc., valued at $1,289,080 using the latest closing price.
Wilkinson Allen, the SVP, CHIEF ACCOUNTING OFFICER of Cboe Global Markets Inc., sale 275 shares at $184.94 during a trade that took place back on Mar 11 ’24, which means that Wilkinson Allen is holding 83 shares at $50,858 based on the most recent closing price.
Stock Fundamentals for CBOE
Current profitability levels for the company are sitting at:
- 0.28 for the present operating margin
- 0.5 for the gross margin
The net margin for Cboe Global Markets Inc. stands at 0.2. The total capital return value is set at 0.17. Equity return is now at value 20.33, with 10.14 for asset returns.
Based on Cboe Global Markets Inc. (CBOE), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 1.08. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 17.51.
Currently, EBITDA for the company is 1.22 billion with net debt to EBITDA at 0.85. When we switch over and look at the enterprise to sales, we see a ratio of 5.37. The receivables turnover for the company is 6.88for trailing twelve months and the total asset turnover is 0.49.
Conclusion
In conclusion, Cboe Global Markets Inc. (CBOE) has seen better performance in recent times. Analysts have a mixed 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.
