Nasdaq Inc (NASDAQ:NDAQ) price closed lower on Tuesday, April 16, dropping -0.27% below its previous close.
A look at the daily price movement shows that the last close reads $60.19. The company’s 5Y monthly beta was ticking 0.94 while its P/E ratio in the trailing 12-month period read 28.53. Taking into account the 52-week price action we note that the stock hit a 52-week high of $64.25 and 52-week low of $46.88. The stock added 0.59% on its value in the past month.
Nasdaq Inc, which has a market valuation of $34.56 billion, is expected to release its quarterly earnings report Apr 25, 2024. The company stock has a Forward Dividend ratio of 0.88, while the dividend yield is 1.47%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give NDAQ a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 3.59. The overview shows that NDAQ’s price is at present -3.04% off the SMA20 and 1.66% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 44.96, with weekly volatility standing at 2.38%. The indicator jumps to 2.04% when calculated based on the past 30 days. Nasdaq Inc (NASDAQ:NDAQ)’s beta value is holding at 0.94, while the average true range (ATR) indicator is currently reading 1.31.
An analysis of the Nasdaq Inc (NASDAQ:NDAQ) stock in terms of its daily trading volume indicates that the 3-month average is 3.27 million.
Current records show that the company has 575.16M in outstanding shares. The insiders’ percentage holdings are 33.38% of outstanding shares while the percentage share held by institutions stands at 54.34%. But the 3.25% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
