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.
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Nasdaq Inc (NDAQ) Stock Trading Recap
On Monday, Nasdaq Inc (NDAQ) stock saw a modest uptick, ending the day at $79.66 which represents a slight increase of $0.97 or 1.23% from the prior close of $78.69. The stock opened at $78.86 and touched a low of $78.78 during the day, reaching a high of $80.41. The volume of shares traded was 1.89 million falling short of the average volume of 2.52 million.
NDAQ Stock Performance and Moving Averages
In recent trading, Nasdaq Inc (NDAQ) stock price has shown some volatility, fluctuating 6.48% over the last five trades and 11.23% 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 31.41%, and it has gained 15.58% in the previous three months. Currently, NDAQ is trading at 5.62%, 7.98%, and 23.33% 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 -0.09% below its 52-week high but remains 55.28% above its 52-week low. The Average True Range (ATR) (14 days) of 1.5 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 26.92% and a profit margin of 13.67%, with a gross margin of 31.41%. 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 $46.08 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 47.59, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 25.31. Additionally, the Price-to-Sales Ratio is 6.57, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 4.14, 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 65.30%.
Notable insider trades include Griggs PC Nelson, President, Capital Access Plat at Nasdaq Inc (NDAQ), who sold 5742 shares on Nov 06 ’24, at $77.34 each, totaling $0.44 million. On Nov 06 ’24, SKULE JEREMY, Executive Vice President, sold 12000 shares for $77.92 each, amounting to $0.94 million. Additionally, on Nov 01 ’24, Tal Cohen sold 6900 shares at $74 each, generating $0.51 million.
