The stock of Intercontinental Exchange Inc (ICE) has gone down by -1.40% for the week, with a -0.03% drop in the past month and a -3.64% drop in the past quarter. The volatility ratio for the week is 1.19%, and the volatility levels for the past 30 days are 1.40% for ICE. The simple moving average for the past 20 days is -0.95% for ICE’s stock, with a 5.87% simple moving average for the past 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 36.97x. The 36-month beta value for ICE is also noteworthy at 1.09. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 7 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for ICE is 568.20M, and at present, short sellers hold a 1.14% of that float. The average trading volume of ICE on December 10, 2024 was 2.97M shares.
ICE) stock’s latest price update
Intercontinental Exchange Inc (NYSE: ICE)’s stock price has gone rise by 0.09 in comparison to its previous close of 155.93, however, the company has experienced a -1.40% decrease in its stock price over the last five trading days. businesswire.com reported 2024-12-09 that ATLANTA & NEW YORK–(BUSINESS WIRE)–Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of technology and data, today released its December 2024 ICE Mortgage Monitor Report, based on the company’s robust mortgage, real estate and public records data sets. When 30-year conforming mortgage interest rates fell into the low 6% range in August/September of this year, the mortgage industry experienced a welcome burst of refinance activity. This month’s Mortgage Monitor dives deep i.
Analysts’ Opinion of ICE
Many brokerage firms have already submitted their reports for ICE stocks, with Raymond James repeating the rating for ICE by listing it as a “Outperform.” The predicted price for ICE in the upcoming period, according to Raymond James is $185 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 ICE reach a price target of $200. The rating they have provided for ICE stocks is “Outperform” according to the report published on September 27th, 2024.
TD Cowen gave a rating of “Buy” to ICE, setting the target price at $182 in the report published on September 26th of the current year.
ICE Trading at -2.62% 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 -7.10% of loss for the given period.
Volatility was left at 1.40%, however, over the last 30 days, the volatility rate increased by 1.19%, 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 -1.61% lower at present.
During the last 5 trading sessions, ICE fell by -1.40%, which changed the moving average for the period of 200-days by +12.78% in comparison to the 20-day moving average, which settled at $157.57. In addition, Intercontinental Exchange Inc saw 21.52% 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 $155.93 back on Dec 09 ’24. After this action, WARREN GARDINER now owns shares of Intercontinental Exchange Inc, valued at $116,948 using the latest closing price.
Jackson Benjamin, the President of Intercontinental Exchange Inc, sale 5,828 shares at $160.00 during a trade that took place back on Nov 25 ’24, which means that Jackson Benjamin is holding 156,163 shares at $932,480 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
- 0.63 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 9.22, with 1.78 for asset returns.
Based on Intercontinental Exchange Inc (ICE), the company’s capital structure generated 0.44 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.78. The interest coverage ratio of the stock is 4.43.
Currently, EBITDA for the company is 4.9 billion with net debt to EBITDA at 3.34. When we switch over and look at the enterprise to sales, we see a ratio of 9.76. The receivables turnover for the company is 7.15for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In summary, Intercontinental Exchange Inc (ICE) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
