Intercontinental Exchange Inc (NYSE:ICE) shares, rose in value, with the stock price up by 0.86% to the previous day’s close as strong demand from buyers drove the stock to $137.87.
Actively observing the price movement in the last trading, the stock closed the session at $136.70. The value of beta (5-year monthly) was 1.03 whereas the PE ratio was 32.83 over 12-month period. Referring to stock’s 52-week performance, its high was $140.43, and the low was $103.81. On the whole, ICE has fluctuated by -1.12% over the past month.
With the market capitalization of Intercontinental Exchange Inc currently standing at about $78.95 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 02, 2024. The company’s Forward Dividend Ratio is 1.71, with its dividend yield at 1.24%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $1.48, which is expected to increase to $1.53 for fiscal year $5.96 and then to about $6.65 by fiscal year 2025. Data indicates that the EPS growth is expected to be 6.00% in 2025, while the next year’s EPS growth is forecast to be 11.60%.
Analysts have estimated the company’s revenue for the quarter at $2.3 billion, with a low estimate of $2.24 billion and a high estimate of $2.33 billion. According to the average forecast, sales growth in current quarter could jump up 20.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.24 billion, representing an increase of 15.70% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 4 upward and no downward review(s) in last seven days. We see that ICE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.68, with the price of ICE currently trading nearly 0.81% and 2.11% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.66, while the 7-day volatility ratio is showing 1.37% which for the 30-day chart, stands at 1.41%. Furthermore, Intercontinental Exchange Inc (ICE)’s beta value is 1.02, and its average true range (ATR) is 1.95.
A comparison of Intercontinental Exchange Inc (ICE) with its peers suggests the former has fared considerably weaker in the market. ICE showed an intraday change of 0.86% in last session, and over the past year, it grew by 30.02%%.
Data on historical trading for Intercontinental Exchange Inc (NYSE:ICE) indicates that the trading volumes over the past 10 days have averaged 2.25 million and over the past 3 months, they’ve averaged 2.39 million. According to company’s latest data on outstanding shares, there are 573.00 million shares outstanding.
Nearly 0.80% of Intercontinental Exchange Inc’s shares belong to company insiders and institutional investors own 91.63% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 5.9 million shares as on Mar 15, 2024, resulting in a short ratio of 2.46. According to the data, the short interest in Intercontinental Exchange Inc (ICE) stood at 1.03% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.89 million. The stock has risen by 7.35% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICE stock heading into the next quarter.
