The stock of Intercontinental Exchange Inc (ICE) has gone up by 0.09% for the week, with a 5.16% rise in the past month and a 20.86% rise in the past quarter. The volatility ratio for the week is 1.43%, and the volatility levels for the past 30 days are 1.16% for ICE. The simple moving average for the last 20 days is 1.92% for ICE stock, with a simple moving average of 18.94% for the last 200 days.
Is It Worth Investing in Intercontinental Exchange Inc (NYSE: ICE) Right Now?
The price-to-earnings ratio for Intercontinental Exchange Inc (NYSE: ICE) is above average at 40.02x, Company’s 36-month beta value is 1.08.Analysts have differing opinions 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 569.46M, and currently, short sellers hold a 1.03% ratio of that floaft. The average trading volume of ICE on September 10, 2024 was 2.71M shares.
ICE) stock’s latest price update
Intercontinental Exchange Inc (NYSE: ICE)’s stock price has increased by 0.75 compared to its previous closing price of 160.49. However, the company has seen a 0.09% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-09-09 that LONDON–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today notes the final announcement from the U.K. Financial Conduct Authority (FCA) regarding the cessation of U.S. dollar LIBOR®. The FCA has confirmed that it will not use its powers under the U.K. Benchmarks Regulation (U.K. BMR) to compel ICE Benchmark Administration Limited (IBA), the authorized and regulated administrator of LIBOR, to continue to publish the 1-, 3- and 6-M.
Analysts’ Opinion of ICE
Many brokerage firms have already submitted their reports for ICE stocks, with Deutsche Bank repeating the rating for ICE by listing it as a “Hold.” The predicted price for ICE in the upcoming period, according to Deutsche Bank is $152 based on the research report published on August 02, 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 $167, previously predicting the price at $143. The rating they have provided for ICE stocks is “Buy” according to the report published on July 01st, 2024.
Barclays gave a rating of “Overweight” to ICE, setting the target price at $148 in the report published on January 08th of the current year.
ICE Trading at 6.71% 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 -1.23% of loss for the given period.
Volatility was left at 1.16%, however, over the last 30 days, the volatility rate increased by 1.43%, as shares surge +4.95% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.63% upper at present.
During the last 5 trading sessions, ICE rose by +0.09%, which changed the moving average for the period of 200-days by +44.18% in comparison to the 20-day moving average, which settled at $159.03. In addition, Intercontinental Exchange Inc saw 25.91% 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 WARREN GARDINER, who proposed sale 750 shares at the price of $160.49 back on Sep 09 ’24. After this action, WARREN GARDINER now owns shares of Intercontinental Exchange Inc, valued at $120,368 using the latest closing price.
SPRIESER JUDITH A, the Director of Intercontinental Exchange Inc, sale 1,941 shares at $160.69 during a trade that took place back on Aug 27 ’24, which means that SPRIESER JUDITH A is holding 26,908 shares at $311,899 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
- 0.64 for the gross margin
The net margin for Intercontinental Exchange Inc stands at 0.22. The total capital return value is set at 0.08. Equity return is now at value 9.16, with 1.69 for asset returns.
Based on Intercontinental Exchange Inc (ICE), the company’s capital structure generated 0.45 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 0.82. The interest coverage ratio of the stock is 4.24.
Currently, EBITDA for the company is 5.19 billion with net debt to EBITDA at 3.63. When we switch over and look at the enterprise to sales, we see a ratio of 10.66. The receivables turnover for the company is 6.84for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In a nutshell, Intercontinental Exchange Inc (ICE) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
