Nasdaq Inc (NASDAQ: NDAQ) has a higher price-to-earnings ratio of 42.57x compared to its average ratio. NDAQ has 36-month beta value of 0.96. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for NDAQ is 326.16M, and currently, short sellers hold a 1.70% ratio of that float. The average trading volume of NDAQ on October 22, 2024 was 3.12M shares.
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NDAQ) stock’s latest price update
The stock of Nasdaq Inc (NASDAQ: NDAQ) has decreased by -0.29 when compared to last closing price of 74.30. Despite this, the company has experienced a 1.44% gain in its stock price over the last five trading sessions. newsfilecorp.com reported 2024-10-22 that DevvStream’s business combination with Focus Impact Acquisition Corp. and uplisting to the Nasdaq continues to progress towards completion. Vancouver, British Columbia–(Newsfile Corp. – October 22, 2024) – DevvStream Holdings Inc. (CBOE: DESG) (OTCQB: DSTRF) (FSE: CQ0) (“DevvStream” or the “Company”), a leading carbon credit project co-development and generation firm specializing in technology-based solutions, today announced a progress update regarding its previously announced business combination (the “Business Combination”) with Focus Impact Acquisition Corp. (Nasdaq: FIAC).
NDAQ’s Market Performance
Nasdaq Inc (NDAQ) has seen a 1.44% rise in stock performance for the week, with a 0.10% gain in the past month and a 18.10% surge in the past quarter. The volatility ratio for the week is 1.27%, and the volatility levels for the past 30 days are at 1.35% for NDAQ. The simple moving average for the past 20 days is 1.62% for NDAQ’s stock, with a 17.07% simple moving average for the past 200 days.
Analysts’ Opinion of NDAQ
Many brokerage firms have already submitted their reports for NDAQ stocks, with Raymond James repeating the rating for NDAQ by listing it as a “Outperform.” The predicted price for NDAQ in the upcoming period, according to Raymond James is $82 based on the research report published on October 14, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see NDAQ reach a price target of $88. The rating they have provided for NDAQ stocks is “Outperform” according to the report published on September 27th, 2024.
TD Cowen gave a rating of “Hold” to NDAQ, setting the target price at $83 in the report published on September 26th of the current year.
NDAQ Trading at 2.63% from the 50-Day Moving Average
After a stumble in the market that brought NDAQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -1.13% of loss for the given period.
Volatility was left at 1.35%, however, over the last 30 days, the volatility rate increased by 1.27%, as shares surge +0.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.69% upper at present.
During the last 5 trading sessions, NDAQ rose by +1.17%, which changed the moving average for the period of 200-days by +32.72% in comparison to the 20-day moving average, which settled at $72.89. In addition, Nasdaq Inc saw 27.43% 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 NDAQ starting from Zecca John, who sale 11,000 shares at the price of $71.97 back on Sep 12 ’24. After this action, Zecca John now owns 113,263 shares of Nasdaq Inc, valued at $791,670 using the latest closing price.
JOHN ZECCA, the Officer of Nasdaq Inc, proposed sale 11,000 shares at $71.98 during a trade that took place back on Sep 12 ’24, which means that JOHN ZECCA is holding shares at $791,761 based on the most recent closing price.
Stock Fundamentals for NDAQ
Current profitability levels for the company are sitting at:
- 0.26 for the present operating margin
- 0.68 for the gross margin
The net margin for Nasdaq Inc stands at 0.14. The total capital return value is set at 0.08. Equity return is now at value 11.05, with 3.39 for asset returns.
Based on Nasdaq Inc (NDAQ), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 0.9. The interest coverage ratio of the stock is -171.1.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 5.22. When we switch over and look at the enterprise to sales, we see a ratio of 7.99. The receivables turnover for the company is 6.84for trailing twelve months and the total asset turnover is 0.22.
Conclusion
To put it simply, Nasdaq Inc (NDAQ) has had a better performance in recent times. Analysts have a mixed 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.
