Nasdaq Inc (NASDAQ:NDAQ) shares, rose in value, with the stock price up by 1.60% to the previous day’s close as strong demand from buyers drove the stock to $62.04.
Actively observing the price movement in the last trading, the stock closed the session at $61.06. The value of beta (5-year monthly) was 0.93 whereas the PE ratio was 29.49 over 12-month period. Referring to stock’s 52-week performance, its high was $63.52, and the low was $46.88. On the whole, NDAQ has fluctuated by 7.17% over the past month.
With the market capitalization of Nasdaq Inc currently standing at about $35.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024. The company’s Forward Dividend Ratio is 0.88, with its dividend yield at 1.42%. 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 $0.65, which is expected to increase to $0.75 for fiscal year $2.78 and then to about $3.12 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.40% in 2025, while the next year’s EPS growth is forecast to be 12.20%.
Analysts have estimated the company’s revenue for the quarter at $1.11 billion, with a low estimate of $1.09 billion and a high estimate of $1.15 billion. According to the average forecast, sales growth in current quarter could jump up 22.00%, 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 $4.63 billion, representing an increase of 19.00% 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 1 upward and no downward review(s) in last seven days. We see that NDAQ’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 4.19, with the price of NDAQ currently trading nearly 1.74% and 6.10% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.46, while the 7-day volatility ratio is showing 1.69% which for the 30-day chart, stands at 1.98%. Furthermore, Nasdaq Inc (NDAQ)’s beta value is 0.94, and its average true range (ATR) is 1.20.
A comparison of Nasdaq Inc (NDAQ) with its peers suggests the former has fared considerably weaker in the market. NDAQ showed an intraday change of 1.60% in last session, and over the past year, it grew by 13.42%%.
Data on historical trading for Nasdaq Inc (NASDAQ:NDAQ) indicates that the trading volumes over the past 10 days have averaged 4.3 million and over the past 3 months, they’ve averaged 3.19 million. According to company’s latest data on outstanding shares, there are 575.16 million shares outstanding.
Nearly 33.40% of Nasdaq Inc’s shares belong to company insiders and institutional investors own 54.43% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.45 million shares as on Mar 15, 2024, resulting in a short ratio of 1.21. According to the data, the short interest in Nasdaq Inc (NDAQ) stood at 0.60% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 5.22 million. The stock has risen by 6.71% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NDAQ stock heading into the next quarter.
