Intercontinental Exchange Inc (ICE): Not A Time To Panic Nor Freeze

Intercontinental Exchange Inc (ICE) concluded trading on Thursday at a closing price of $134.12, with 5.49 million shares of worth about $736.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.44% during that period and on Thursday the price saw a gain of about 4.72%. Currently the company’s common shares owned by public are about 572.36M shares, out of which, 566.82M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 112 times over the past 12 months. They bought 378,471 shares in 35 of the transactions. In 77 selling transactions, insiders dumped 451,725 shares.

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However, the stock later moved at a day high price of 135.98, or with a gain of 4.72%. Stock saw a price change of 3.38% in past 5 days and over the past one month there was a price change of 5.57%. Year-to-date (YTD), ICE shares are showing a performance of 4.43% which increased to 22.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $94.16 but also hit the highest price of $129.96 during that period. The average intraday trading volume for Intercontinental Exchange Inc shares is 2.51 million. The stock is currently trading 5.34% above its 20-day simple moving average (SMA20), while that difference is up 8.64% for SMA50 and it goes to 17.25% higher than SMA200.

Intercontinental Exchange Inc (NYSE: ICE) currently have 572.36M outstanding shares and institutions hold larger chunk of about 91.17% of that.

The stock has a current market capitalization of $76.76B and its 3Y-monthly beta is at 1.02. PE ratio of stock for trailing 12 months is 31.94, while it has posted earnings per share of $4.20 in the same period. Its PEG reads 4.10 while making debt-to-equity ratio of 0.89. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ICE, volatility over the week remained 1.87% while standing at 1.38% over the month.

Analysts are in expectations that Intercontinental Exchange Inc (ICE) stock would likely to be making an EPS of $BCE, Inc. in the current quarter, while forecast for next quarter EPS is $37.95 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $ICE U.S. Conforming 30-Yr Fixed which is $Intercontinental Exchange Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $IceCure Medical Ltd. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 3.23% while it is estimated to increase by 11.28% in next year. EPS is likely to grow at an annualized rate of 7.79% for next 5-years, compared to annual growth of 4.08% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barclays on January 08, 2024 offering an Overweight rating for the stock and assigned a target price range of between $120 and $148 to it.

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