Nasdaq Inc (NASDAQ: NDAQ) Loses 2.87% From High. Why That Could Change?

Currently, there are 575.16M common shares owned by the public and among those 352.03M shares have been available to trade.

The company’s stock has a 5-day price change of 4.55% and 14.10% over the past three months. NDAQ shares are trading 7.43% year to date (YTD), with the 12-month market performance up to 18.41% higher. It has a 12-month low price of $46.88 and touched a high of $60.72 over the same period. NDAQ has an average intraday trading volume of 2.48 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 8.13%, 9.04%, and 17.29% respectively.

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Institutional ownership of Nasdaq Inc (NASDAQ: NDAQ) shares accounts for 54.39% of the company’s 575.16M shares outstanding.

It has a market capitalization of $35.93B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 29.68, while the earnings-per-share (ttm) stands at $2.10. The company has a PEG of 4.22 and the debt-to-equity ratio at 1.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.44% over the week and 1.77% over the month.

Analysts forecast that Nasdaq Inc (NDAQ) will achieve an EPS of $0.64 for the current quarter, $0.67 for the next quarter and $3.1 for 2025. The lowest estimate earnings-per-share for the quarter is $0.59 while analysts give the company a high EPS estimate of $0.72. Comparatively, EPS for the current quarter was $0.69 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.12%, and 12.59% over the next financial year. EPS should shrink at an annualized rate of 7.04% over the next five years, compared to 18.00% over the past 5-year period.

Looking at the support for the NDAQ, a number of firms have released research notes about the stock. Goldman stated their Neutral rating for the stock in a research note on December 01, 2023, with the firm’s price target at $58. Morgan Stanley coverage for the Nasdaq Inc (NDAQ) stock in a research note released on April 11, 2023 offered a Equal-Weight rating with a price target of $60. Credit Suisse on their part issued Neutral rating on November 02, 2022.

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