The stock of Intercontinental Exchange Inc (ICE) has gone up by 3.85% for the week, with a -2.31% drop in the past month and a 5.85% rise in the past quarter. The volatility ratio for the week is 2.41%, and the volatility levels for the past 30 days are 1.74% for ICE. The simple moving average for the last 20 days is 1.88% for ICE stock, with a simple moving average of 9.52% for the last 200 days.
Is It Worth Investing in Intercontinental Exchange Inc (NYSE: ICE) Right Now?
Intercontinental Exchange Inc (NYSE: ICE) has a higher price-to-earnings ratio of 30.63x compared to its average ratio, The 36-month beta value for ICE is at 1.07. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 3 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for ICE is 568.70M, and currently, shorts hold a 0.85% of that float. The average trading volume for ICE on May 08, 2024 was 2.52M shares.
ICE) stock’s latest price update
The stock price of Intercontinental Exchange Inc (NYSE: ICE) has surged by 1.86 when compared to previous closing price of 131.28, but the company has seen a 3.85% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-02 that Intercontinental (ICE) first-quarter results reflect the strength of a balanced and diversified business as well as the effects of the strategic investments it has made.
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 -0.87% 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 -4.78% of loss for the given period.
Volatility was left at 1.74%, however, over the last 30 days, the volatility rate increased by 2.41%, as shares sank -0.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.04% lower at present.
During the last 5 trading sessions, ICE rose by +3.85%, which changed the moving average for the period of 200-days by +15.06% in comparison to the 20-day moving average, which settled at $131.18. In addition, Intercontinental Exchange Inc saw 4.12% 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 Surdykowski Andrew J, who sale 341 shares at the price of $131.74 back on Apr 26 ’24. After this action, Surdykowski Andrew J now owns 48,713 shares of Intercontinental Exchange Inc, valued at $44,923 using the latest closing price.
Intercontinental Exchange, Inc, the 10% Owner of Intercontinental Exchange Inc, purchase 350,880 shares at $0.87 during a trade that took place back on Apr 25 ’24, which means that Intercontinental Exchange, Inc is holding 649,934 shares at $304,213 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 10.04, with 1.75 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 9.79. 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 had a better performance lately. Opinion on the stock among analysts is bullish, 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.
