The stock of Intercontinental Exchange Inc (NYSE: ICE) has increased by 1.06 when compared to last closing price of 147.68. Despite this, the company has experienced a 0.96% gain in its stock price over the last five trading sessions. businesswire.com reported 2024-07-22 that ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, reports the following “first look” at June 2024 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Data as of June 30, 2024 Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.49% Month-over-month change: 14.54% Year-over-year change: 11.70.
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 34.19x compared to its average ratio. ICE has 36-month beta value of 1.07. 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.”
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The public float for ICE is 568.90M, and currently, short sellers hold a 0.90% ratio of that float. The average trading volume of ICE on July 23, 2024 was 2.40M shares.
ICE’s Market Performance
The stock of Intercontinental Exchange Inc (ICE) has seen a 0.96% increase in the past week, with a 8.85% rise in the past month, and a 13.74% gain in the past quarter. The volatility ratio for the week is 1.20%, and the volatility levels for the past 30 days are at 1.33% for ICE. The simple moving average for the past 20 days is 4.71% for ICE’s stock, with a 16.48% simple moving average for the past 200 days.
Analysts’ Opinion of ICE
Many brokerage firms have already submitted their reports for ICE stocks, with Goldman repeating the rating for ICE by listing it as a “Buy.” The predicted price for ICE in the upcoming period, according to Goldman is $167 based on the research report published on July 01, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see ICE reach a price target of $148, previously predicting the price at $120. The rating they have provided for ICE stocks is “Overweight” according to the report published on January 08th, 2024.
Goldman gave a rating of “Neutral” to ICE, setting the target price at $125 in the report published on September 22nd of the previous year.
ICE Trading at 8.03% 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 -0.24% of loss for the given period.
Volatility was left at 1.33%, however, over the last 30 days, the volatility rate increased by 1.20%, as shares surge +8.27% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.88% upper at present.
During the last 5 trading sessions, ICE rose by +0.96%, which changed the moving average for the period of 200-days by +38.71% in comparison to the 20-day moving average, which settled at $143.10. In addition, Intercontinental Exchange Inc saw 16.20% 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 Edmonds Christopher Scott, who sale 1,000 shares at the price of $148.60 back on Jul 17 ’24. After this action, Edmonds Christopher Scott now owns 14,636 shares of Intercontinental Exchange Inc, valued at $148,600 using the latest closing price.
Sprecher Jeffrey C, the Chief Executive Officer of Intercontinental Exchange Inc, sale 110,000 shares at $141.68 during a trade that took place back on Jul 09 ’24, which means that Sprecher Jeffrey C is holding 2,551,705 shares at $15,584,357 based on the most recent closing price.
Stock Fundamentals for ICE
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 0.61 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 0.46 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.84. The interest coverage ratio of the stock is 4.38.
Currently, EBITDA for the company is 5.19 billion with net debt to EBITDA at 3.77. When we switch over and look at the enterprise to sales, we see a ratio of 10.41. The receivables turnover for the company is 6.18for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To put it simply, Intercontinental Exchange Inc (ICE) has had a better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
