The stock of Intercontinental Exchange Inc (ICE) has gone up by 2.11% for the week, with a 10.82% rise in the past month and a 16.00% rise in the past quarter. The volatility ratio for the week is 1.29%, and the volatility levels for the past 30 days are 1.34% for ICE. The simple moving average for the past 20 days is 3.85% for ICE’s stock, with a 17.32% simple moving average for the past 200 days.
Is It Worth Investing in Intercontinental Exchange Inc (NYSE: ICE) Right Now?
Intercontinental Exchange Inc (NYSE: ICE) has a price-to-earnings ratio that is above its average at 34.75x. The stock has a 36-month beta value of 1.06. Opinions on the stock are mixed, 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 at present, short sellers hold a 1.06% of that float. On July 30, 2024, the average trading volume of ICE was 2.45M shares.
ICE) stock’s latest price update
Intercontinental Exchange Inc (NYSE: ICE) has experienced a rise in its stock price by 0.36 compared to its previous closing price of 151.16. However, the company has seen a gain of 2.11% in its stock price over the last five trading days. zacks.com reported 2024-07-29 that Intercontinental’s (ICE) Q2 results are likely to reflect continued strong trends across fixed-income data and analytics and an acceleration in growth in other data and network services businesses.
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 8.42% 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 -0.01% of loss for the given period.
Volatility was left at 1.34%, however, over the last 30 days, the volatility rate increased by 1.29%, as shares surge +11.06% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.91% upper at present.
During the last 5 trading sessions, ICE rose by +2.36%, which changed the moving average for the period of 200-days by +36.45% in comparison to the 20-day moving average, which settled at $146.83. In addition, Intercontinental Exchange Inc saw 18.12% 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 Namkung James W, who sale 1,043 shares at the price of $150.00 back on Jul 25 ’24. After this action, Namkung James W now owns 17,836 shares of Intercontinental Exchange Inc, valued at $156,450 using the latest closing price.
Edmonds Christopher Scott, the President, Fixed Income & Data of Intercontinental Exchange Inc, sale 1,000 shares at $148.60 during a trade that took place back on Jul 17 ’24, which means that Edmonds Christopher Scott is holding 14,636 shares at $148,600 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 10.56. The receivables turnover for the company is 6.18for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To sum up, Intercontinental Exchange Inc (ICE) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
