Is Nasdaq Inc (NASDAQ: NDAQ) Proving The Doubters Wrong?

Nasdaq Inc (NDAQ) concluded trading on Thursday at a closing price of $73.04, with 3.32 million shares of worth about $242.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.37% during that period and on September 25, 2024 the price saw a loss of about -0.86%. Currently the company’s common shares owned by public are about 575.16M shares, out of which, 326.17M shares are available for trading.

Stock saw a price change of 0.19% in past 5 days and over the past one month there was a price change of 3.47%. Year-to-date (YTD), NDAQ shares are showing a performance of 25.63% which increased to 50.16% 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 $74.88 during that period. The average intraday trading volume for Nasdaq Inc shares is 2.87 million. The stock is currently trading 0.63% above its 20-day simple moving average (SMA20), while that difference is up 5.34% for SMA50 and it goes to 18.59% higher than SMA200.

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Nasdaq Inc (NASDAQ: NDAQ) currently have 575.16M outstanding shares and institutions hold larger chunk of about 59.67% of that.

The stock has a current market capitalization of $41.98B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 41.97, while it has posted earnings per share of $1.74 in the same period. Its PEG reads 5.19 while making debt-to-equity ratio of 0.94. 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 1.44% while standing at 1.56% over the month.

Stock’s fiscal year EPS is expected to drop by -2.58% while it is estimated to increase by 12.96% in next year. EPS is likely to shrink at an annualized rate of 8.09% 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 Oppenheimer on September 09, 2024 offering an Outperform rating for the stock and assigned a target price range of between $78 and $80 to it. Coverage by BofA Securities stated Nasdaq Inc (NDAQ) stock as a Buy in their note to investors on September 04, 2024, suggesting a price target of $90 for the stock. On May 08, 2024, Rosenblatt Downgrade their recommendations, while on April 11, 2024, Barclays Initiated their ratings for the stock with a price target of $76. Stock get an Overweight rating from Morgan Stanley on April 09, 2024.

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