The stock of Intercontinental Exchange Inc (ICE) has gone down by -0.63% for the week, with a -7.33% drop in the past month and a -7.02% drop in the past quarter. The volatility ratio for the week is 1.10%, and the volatility levels for the past 30 days are 1.44% for ICE. The simple moving average for the last 20 days is -2.84% for ICE stock, with a simple moving average of 0.64% 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 35.38x, which is above its average ratio. Moreover, the 36-month beta value for ICE is 1.10. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 7 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for ICE is 568.21M and currently, short sellers hold a 1.13% of that float. On December 31, 2024, ICE’s average trading volume was 2.98M shares.
ICE) stock’s latest price update
The stock price of Intercontinental Exchange Inc (NYSE: ICE) has plunged by -0.63 when compared to previous closing price of 150.32, but the company has seen a -0.63% decline in its stock price over the last five trading sessions. businesswire.com reported 2024-12-30 that NEW YORK–(BUSINESS WIRE)–The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, announced today that it will close all NYSE Group equity and options markets on Thursday, January 9, 2025, in observance of the National Day of Mourning in recognition of the passing of former President Jimmy Carter. President Carter, the 39th President of the United States, served from 1977 to 1981. He was also a graduate of the United S.
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 -5.15% 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 -11.08% of loss for the given period.
Volatility was left at 1.44%, however, over the last 30 days, the volatility rate increased by 1.10%, as shares sank -7.20% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.37% lower at present.
During the last 5 trading sessions, ICE fell by -0.63%, which changed the moving average for the period of 200-days by +10.28% in comparison to the 20-day moving average, which settled at $153.73. In addition, Intercontinental Exchange Inc saw 16.30% 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 Williams Stuart Glen, who sale 750 shares at the price of $152.99 back on Dec 18 ’24. After this action, Williams Stuart Glen now owns 12,780 shares of Intercontinental Exchange Inc, valued at $114,742 using the latest closing price.
STUART GLEN WILLIAMS, the Officer of Intercontinental Exchange Inc, proposed sale 750 shares at $152.79 during a trade that took place back on Dec 18 ’24, which means that STUART GLEN WILLIAMS is holding shares at $114,592 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 9.41. The receivables turnover for the company is 7.15for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To wrap up, the performance of Intercontinental Exchange Inc (ICE) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
