Nasdaq Inc (NDAQ) Outlook Starting To Look Brighter?

Nasdaq Inc (NDAQ) concluded trading on Thursday at a closing price of $59.13, with 3.28 million shares of worth about $193.77 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 14.64% during that period and on Thursday the price saw a gain of about 2.14%. Currently the company’s common shares owned by public are about 575.16M shares, out of which, 352.71M shares are available for trading.

However, the stock later moved at a day high price of 59.21, or with a gain of 2.14%. Stock saw a price change of 5.21% in past 5 days and over the past one month there was a price change of 4.99%. Year-to-date (YTD), NDAQ shares are showing a performance of 1.70% which increased to 7.49% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.88 but also hit the highest price of $60.72 during that period. The average intraday trading volume for Nasdaq Inc shares is 2.51 million. The stock is currently trading 4.81% above its 20-day simple moving average (SMA20), while that difference is up 3.92% for SMA50 and it goes to 11.46% higher than SMA200.

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Nasdaq Inc (NASDAQ: NDAQ) currently have 575.16M outstanding shares and institutions hold larger chunk of about 54.41% of that.

The stock has a current market capitalization of $34.01B and its 3Y-monthly beta is at 0.93. PE ratio of stock for trailing 12 months is 28.10, while it has posted earnings per share of $2.10 in the same period. Its PEG reads 4.15 while making debt-to-equity ratio of 1.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NDAQ, volatility over the week remained 2.04% while standing at 1.46% over the month.

Analysts are in expectations that Nasdaq Inc (NDAQ) stock would likely to be making an EPS of $0.64 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $3.1 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.59 which is $0.72 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 $0.69 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -2.12% while it is estimated to increase by 12.59% in next year. EPS is likely to shrink at an annualized rate of 6.77% for next 5-years, compared to annual growth of 18.00% 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 Goldman on December 01, 2023 offering a Neutral rating for the stock and assigned a target price of $58 to it. Coverage by Morgan Stanley stated Nasdaq Inc (NDAQ) stock as an Equal-weight in their note to investors on April 11, 2023, suggesting a price target of $60 for the stock. Stock get a Neutral rating from Credit Suisse on November 02, 2022.

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