Nasdaq Inc (NASDAQ: NDAQ)’s stock price has soared by 1.20 in relation to previous closing price of 60.87. Nevertheless, the company has seen a gain of 2.53% in its stock price over the last five trading days. Invezz reported 2024-05-03 that This morning, stock prices for cryptocurrency exchange platform company Coinbase Global Inc are up almost 9% in pre-market trading. Meanwhile, cryptocurrency-focused financial services company Block Inc (which allows clients to transact and invest in stocks using Bitcoin) has enjoyed a similar surge in price.
Is It Worth Investing in Nasdaq Inc (NASDAQ: NDAQ) Right Now?
Nasdaq Inc (NASDAQ: NDAQ) has a price-to-earnings ratio of 32.46x that is above its average ratio. Additionally, the 36-month beta value for NDAQ is 0.96. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 1 rating it as “sell.”
The public float for NDAQ is 384.09M and currently, short sellers hold a 0.93% ratio of that float. The average trading volume of NDAQ on May 07, 2024 was 3.47M shares.
NDAQ’s Market Performance
The stock of Nasdaq Inc (NDAQ) has seen a 2.53% increase in the past week, with a -0.71% drop in the past month, and a 10.04% gain in the past quarter. The volatility ratio for the week is 1.59%, and the volatility levels for the past 30 days are at 1.84% for NDAQ.. The simple moving average for the past 20 days is 1.08% for NDAQ’s stock, with a 12.31% 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 2.31% 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 -4.12% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 1.59%, as shares sank -0.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.74% upper at present.
During the last 5 trading sessions, NDAQ rose by +2.53%, which changed the moving average for the period of 200-days by +24.17% in comparison to the 20-day moving average, which settled at $60.92. In addition, Nasdaq Inc saw 5.95% 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 3,036 shares at the price of $59.89 back on May 01 ’24. After this action, Smith Bryan Everard now owns 58,636 shares of Nasdaq Inc, valued at $181,826 using the latest closing price.
Smith Bryan Everard, the Executive Vice President of Nasdaq Inc, sale 7,400 shares at $62.91 during a trade that took place back on Apr 01 ’24, which means that Smith Bryan Everard is holding 61,672 shares at $465,534 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
- 0.66 for the gross margin
The net margin for Nasdaq Inc stands at 0.16. The total capital return value is set at 0.07. Equity return is now at value 11.69, with 3.89 for asset returns.
Based on Nasdaq Inc (NDAQ), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.93. The interest coverage ratio of the stock is -22.05.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 5.77. When we switch over and look at the enterprise to sales, we see a ratio of 7.34. The receivables turnover for the company is 6.71for trailing twelve months and the total asset turnover is 0.21.
Conclusion
In conclusion, Nasdaq Inc (NDAQ) 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.
