Nasdaq Inc. (NASDAQ:NDAQ) went down by -2.80% during the previous trading session, and it is maintaining the win ahead of Wednesday’s trading session. The share price of the Financial Data & Stock Exchanges giant went up by $115.28 to trade ended Wednesday trading at $118.60. This is down from the $118.6 price recorded on Tuesday’s trading session. Thanks to this latest performance, NDAQ is closer to the higher price 52-week target of $135.00 and further from the lowest price target of $103.00. Its performance from the start of the year has also been positive, with NDAQ up by 7.64% year-to-date.
Nasdaq Inc. (NDAQ) started the day trading at $118.23 and recorded an intraday high of $118.32. It also recorded an intraday low of $115.07 during Wednesday’s trading session. Nasdaq Inc. is a very active stock that recorded a trading volume that is less than -50.81% of the average daily trading volume on Wednesday. The stock’s trading volume on Wednesday was 606866, which is less than -50.81 of the total average daily trading volume of 915.23K.
Nasdaq Inc. (NASDAQ:NDAQ) 2020 Performance Impressive
The increase in NDAQ’s stock price on Wednesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of NDAQ currently stands at $122.15, which is higher than the current trading price of the stock by 5.62%. However, NDAQ’s current trading price is -60.87% lower than the 52-week low price of $71.66. In terms of trading volume, Nasdaq Inc. currently experienced healthy participation during the last trading session. 606866 shares of Nasdaq Inc. were traded on the stock exchange on Wednesday, which is less than -50.81% of the 915.23K average trading volume of the stock.
The performance of the stock has been positive over the past year. NDAQ’s performance over the past one year has seen it surge by 17.63%, while the stock has gone up by 7.57% in the last six months. The quarterly performance of NDAQ currently stands at 32.57%, and it is down by -0.86% in the last month. The only negative figure was from the weekly performance, which currently reads -2.41%. At the time of writing NDAQ’s report, the company has a total market cap of $19.02B, making it one of the largest publicly-traded companies in the world.Nasdaq Inc. also has over 4281 employees all over the world.
NDAQ Insider Activities
For Nasdaq Inc., insiders hold 78.20% of all company shares. The insider transactions over the past six months are up by 0.80%. During that period, insiders bought 282,244 shares in 32 transactions. In that same period, insiders sold 142,365 of their shares in 36 transactions. After these transactions, insiders at Nasdaq Inc. now hold 30.65M shares, which is over 79.35% of the total company stocks. Institutional investors currently hold a large chunk of the NDAQ shares, as they control 18.68% of the company’s total stock.
NDAQ Fundamental Analysis
For Nasdaq Inc., the stock’s diluted earnings per share (EPS) stands at 4.37. In the coming year, analysts expect the EPS to be 5.69. The stock’s EPS growth this year is 3.90%, with analysts expecting almost a 1 growth in the earnings per share next week. In terms of revenue, Nasdaq Inc.’s quarterly sales (YOY) is growing at 1.41, which is lower than the average annual revenue of 14.10% over the past half a decade.
The Return on Investment (ROI) on Nasdaq Inc.’s stock currently stands at 8.90%, and it has a net profit margin of 16.00%. The operating margin of the company is 22.20%, and its gross margin is 56.90%.
NDAQ Analysts Prediction
In April 03, 2020, several analysts reiterated their positions on the Nasdaq Inc. stock and predicted its performance to their investors. The analysts at Citigroup believe NDAQ is still a Neutral and set the price target between $102 and $100. UBS reiterate their Neutral position on the stock ($113 and $107)
Analysts at Citigroup believe that NDAQ is Sell, and they have a price target of between $93 and $95. Argus and UBS also believe that Nasdaq Inc.’s stock is outperforming at the moment. NDAQ received a positive rating from BofA/Merrill, which set a price target of $88-$93 for the stock.
At the moment, Nasdaq Inc.’s Total Debt to Equity ratio stands at 0.76, and they have a long-term Debt to Equity ratio of 0.55.
NDAQ Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of NDAQ currently stands at -2.54%, while the SMA50 is 2.01%. The biggest one is the SMA200, which is currently reading 8.81% ahead of Wednesday’s trading session. The Relative Strength Index of this stock is 45.74, while its price to earnings ratio (P/E) is 26.36.