Raymond James has recently raised Nasdaq Inc (NDAQ) stock to Outperform rating, as announced on October 14, 2024, according to Finviz. Earlier, on September 27, 2024, RBC Capital Mkts had initiated the stock to Outperform, setting a price target of $88. TD Cowen also initiated Hold rating with a price target of $83. Additionally, Oppenheimer reiterated Outperform rating on September 9, 2024, with a target price of $80. BofA Securities analysts, in their report published on September 4, 2024, also raised Buy rating and set a price target of $53 for Nasdaq Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
Nasdaq Inc (NDAQ) Stock Trading Recap
On Tuesday, Nasdaq Inc (NDAQ) stock saw a decline, ending the day at $74.29 which represents a decrease of $-0.01 or -0.01% from the prior close of $74.3. The stock opened at $73.73 and touched a low of $73.53 during the day, reaching a high of $74.46. The volume of shares traded was 2.35 million falling short of the average volume of 3.12 million.
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NDAQ Stock Performance and Moving Averages
In recent trading, Nasdaq Inc (NDAQ) stock price has shown some volatility, fluctuating 1.73% over the last five trades and 0.38% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 21.61%, and it has gained 18.43% in the previous three months. Currently, NDAQ is trading at 1.89%, 2.90%, and 17.40% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, NDAQ, a Financial sector stock, is trading -0.85% below its 52-week high but remains 56.20% above its 52-week low. The Average True Range (ATR) (14 days) of 1.09 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Nasdaq Inc’s Profitability and Valuation Ratios
Nasdaq Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 28.35% and a profit margin of 14.42%, with a gross margin of 21.61%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Nasdaq Inc’s market capitalization stands at $42.70 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 42.69, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 23.82. Additionally, the Price-to-Sales Ratio is 6.5, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.93, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 43.25% of Nasdaq Inc (NDAQ)’s shares, while financial institutions hold 59.80%.
Notable insider trades include Zecca John, Executive Vice President at Nasdaq Inc (NDAQ), who sold 11000 shares on Sep 12 ’24, at $71.97 each, totaling $0.79 million. On Aug 09 ’24, Peterson Bradley J, Executive Vice President, sold 40000 shares for $67.79 each, amounting to $2.71 million. Additionally, on Jul 29 ’24, Argus Seller, LP sold 42804207 shares at $64.58 each, generating $2764.30 million.
