Nasdaq Inc (NASDAQ: NDAQ): Reassessing Prospects

Nasdaq Inc (NDAQ) concluded trading on Thursday at a closing price of $75.24, with 4.02 million shares of worth about $302.71 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.80% during that period and on October 24, 2024 the price saw a gain of about 1.80%. Currently the company’s common shares owned by public are about 575.16M shares, out of which, 326.16M shares are available for trading.

Stock saw a price change of 1.48% in past 5 days and over the past one month there was a price change of 3.01%. Year-to-date (YTD), NDAQ shares are showing a performance of 29.41% which increased to 52.12% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.56 but also hit the highest price of $74.93 during that period. The average intraday trading volume for Nasdaq Inc shares is 3.13 million. The stock is currently trading 2.94% above its 20-day simple moving average (SMA20), while that difference is up 3.91% for SMA50 and it goes to 18.56% higher than SMA200.

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Nasdaq Inc (NASDAQ: NDAQ) currently have 575.16M outstanding shares and institutions hold larger chunk of about 59.83% of that.

The stock has a current market capitalization of $43.24B and its 3Y-monthly beta is at 0.96. PE ratio of stock for trailing 12 months is 43.23, while it has posted earnings per share of $1.74 in the same period. Its PEG reads 5.35 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 1.75% while standing at 1.45% over the month.

Stock’s fiscal year EPS is expected to drop by -1.77% while it is estimated to increase by 12.86% 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 Raymond James on October 14, 2024 offering an Outperform rating for the stock and assigned a target price of $82 to it. Coverage by RBC Capital Mkts stated Nasdaq Inc (NDAQ) stock as an Outperform in their note to investors on September 27, 2024, suggesting a price target of $88 for the stock. On September 26, 2024, TD Cowen Initiated their recommendations, while on September 09, 2024, Oppenheimer Reiterated their ratings for the stock with a price target of $80. Stock get a Buy rating from BofA Securities on September 04, 2024.

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