Should You Invest in Cboe Global Markets Inc. (CBOE) Now?

Cboe Global Markets Inc. (AMEX: CBOE) has a higher price-to-earnings ratio of 29.08x compared to its average ratio, The 36-month beta value for CBOE is at 0.67. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 2 rating it as “overweight,” 9 as “hold,” and 0 as “sell.”

The public float for CBOE is 104.19M, and currently, shorts hold a 2.82% of that float. The average trading volume for CBOE on October 04, 2024 was 806.80K shares.

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CBOE) stock’s latest price update

Cboe Global Markets Inc. (AMEX: CBOE)’s stock price has plunge by -0.80relation to previous closing price of 211.85. Nevertheless, the company has seen a 2.29% surge in its stock price over the last five trading sessions. prnewswire.com reported 2024-10-03 that CHICAGO, Oct. 3, 2024 /PRNewswire/ — Cboe Global Markets, Inc. (Cboe: CBOE), the world’s leading derivatives and securities exchange network, today reported September 2024 trading volume statistics across its global business lines and provided guidance for selected revenue per contract/net revenue capture metrics for the third quarter of 2024. The data sheet “Cboe Global Markets Monthly Volume & RPC/Net Revenue Capture Report” contains an overview of certain September trading statistics and market share by business segment, volume in select index products, and RPC/net capture, which is reported on a one-month lag, across business lines.

CBOE’s Market Performance

Cboe Global Markets Inc. (CBOE) has experienced a 2.29% rise in stock performance for the past week, with a -0.13% drop in the past month, and a 23.86% rise in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 1.97% for CBOE. The simple moving average for the last 20 days is 0.50% for CBOE stock, with a simple moving average of 13.00% for the last 200 days.

Analysts’ Opinion of CBOE

Many brokerage firms have already submitted their reports for CBOE stocks, with RBC Capital Mkts repeating the rating for CBOE by listing it as a “Sector Perform.” The predicted price for CBOE in the upcoming period, according to RBC Capital Mkts is $220 based on the research report published on September 27, 2024 of the current year 2024.

TD Cowen, on the other hand, stated in their research note that they expect to see CBOE reach a price target of $205. The rating they have provided for CBOE stocks is “Hold” according to the report published on September 26th, 2024.

JP Morgan gave a rating of “Neutral” to CBOE, setting the target price at $195 in the report published on August 05th of the current year.

CBOE Trading at 3.02% from the 50-Day Moving Average

After a stumble in the market that brought CBOE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.77% of loss for the given period.

Volatility was left at 1.97%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -0.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.49% upper at present.

During the last 5 trading sessions, CBOE rose by +2.29%, which changed the moving average for the period of 200-days by +20.06% in comparison to the 20-day moving average, which settled at $209.08. In addition, Cboe Global Markets Inc. saw 17.69% 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 CBOE starting from Griebenow Jill, who sale 1,622 shares at the price of $213.33 back on Sep 04 ’24. After this action, Griebenow Jill now owns 8,844 shares of Cboe Global Markets Inc., valued at $346,021 using the latest closing price.

Isaacson Christopher A, the EVP, COO of Cboe Global Markets Inc., sale 6,000 shares at $204.89 during a trade that took place back on Sep 03 ’24, which means that Isaacson Christopher A is holding 39,855 shares at $1,229,340 based on the most recent closing price.

Stock Fundamentals for CBOE

Current profitability levels for the company are sitting at:

  • 0.3 for the present operating margin
  • 0.5 for the gross margin

The net margin for Cboe Global Markets Inc. stands at 0.2. The total capital return value is set at 0.19. Equity return is now at value 19.93, with 9.31 for asset returns.

Based on Cboe Global Markets Inc. (CBOE), the company’s capital structure generated 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 1.04. The debt to equity ratio resting at 0.36. The interest coverage ratio of the stock is 20.94.

Currently, EBITDA for the company is 1.22 billion with net debt to EBITDA at 0.74. When we switch over and look at the enterprise to sales, we see a ratio of 6.03. The receivables turnover for the company is 6.77for trailing twelve months and the total asset turnover is 0.41.

Conclusion

In conclusion, Cboe Global Markets Inc. (CBOE) has had a better performance lately. Opinion on the stock among analysts is mixed, 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.

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