Nasdaq Inc (NASDAQ: NDAQ)’s stock price has increased by 1.78 compared to its previous closing price of 74.81. However, the company has seen a 0.33% increase in its stock price over the last five trading sessions. businesswire.com reported 2024-11-05 that LOS ANGELES–(BUSINESS WIRE)–Puma Biotechnology, Inc. (NASDAQ: PBYI), a biopharmaceutical company, announced that on November 4, 2024, the Compensation Committee of Puma’s Board of Directors approved the grant of an inducement restricted stock unit award covering 5,625 shares of Puma common stock to one new non-executive employee. The award was granted under Puma’s 2017 Employment Inducement Incentive Award Plan, which was adopted on April 27, 2017 and provides for the granting of equity award.
Is It Worth Investing in Nasdaq Inc (NASDAQ: NDAQ) Right Now?
Nasdaq Inc (NASDAQ: NDAQ) has a price-to-earnings ratio that is above its average at 45.49x. The stock has a 36-month beta value of 0.96. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 6 as “hold,” and 1 as “sell.”
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The public float for NDAQ is 326.19M, and at present, short sellers hold a 1.46% of that float. On November 06, 2024, the average trading volume of NDAQ was 2.57M shares.
NDAQ’s Market Performance
The stock of Nasdaq Inc (NDAQ) has seen a 0.33% increase in the past week, with a 7.44% rise in the past month, and a 13.98% gain in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.60% for NDAQ. The simple moving average for the past 20 days is 2.70% for NDAQ’s stock, with a 18.62% 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 4.02% 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 -0.74% of loss for the given period.
Volatility was left at 1.60%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +5.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.86% upper at present.
During the last 5 trading sessions, NDAQ rose by +0.33%, which changed the moving average for the period of 200-days by +30.91% in comparison to the 20-day moving average, which settled at $74.14. In addition, Nasdaq Inc saw 30.96% 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 Tal Cohen, who sale 6,900 shares at the price of $74.00 back on Nov 01 ’24. After this action, Tal Cohen now owns 136,826 shares of Nasdaq Inc, valued at $510,600 using the latest closing price.
Tal Cohen, the President, Market Platforms of Nasdaq Inc, sale 3,984 shares at $74.31 during a trade that took place back on Oct 31 ’24, which means that Tal Cohen is holding 143,376 shares at $296,051 based on the most recent closing price.
Stock Fundamentals for NDAQ
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.57 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 10.94, with 3.49 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 0.89. The interest coverage ratio of the stock is 9.14.
Currently, EBITDA for the company is 1.44 billion with net debt to EBITDA at 4.49. When we switch over and look at the enterprise to sales, we see a ratio of 7.6. The receivables turnover for the company is 7.43for trailing twelve months and the total asset turnover is 0.23.
Conclusion
To sum up, Nasdaq Inc (NDAQ) 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.
