Better Times Ahead For Nasdaq Inc (NASDAQ: NDAQ)?

Nasdaq Inc (NDAQ) concluded trading on Thursday at a closing price of $78.39, with 3.15 million shares of worth about $246.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 23.47% during that period and on January 16, 2025 the price saw a gain of about 1.83%. Currently the company’s common shares owned by public are about 574.74M shares, out of which, 411.85M shares are available for trading.

Stock saw a price change of 0.47% in past 5 days and over the past one month there was a price change of -2.16%. Year-to-date (YTD), NDAQ shares are showing a performance of 1.40% which increased to 38.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $54.90 but also hit the highest price of $83.77 during that period. The average intraday trading volume for Nasdaq Inc shares is 2.59 million. The stock is currently trading 1.03% above its 20-day simple moving average (SMA20), while that difference is down -0.86% for SMA50 and it goes to 13.26% higher than SMA200.

Nasdaq Inc (NASDAQ: NDAQ) currently have 574.74M outstanding shares and institutions hold larger chunk of about 66.97% of that.

The stock has a current market capitalization of $45.06B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 46.83, while it has posted earnings per share of $1.67 in the same period. Its PEG reads 5.24 while making debt-to-equity ratio of 0.93. 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 1.66% while standing at 1.67% over the month.

Analysts are in expectations that Nasdaq Inc (NDAQ) stock would likely to be making an EPS of 0.75 in the current quarter, while forecast for next quarter EPS is 0.74 and it is 3.15 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.72 which is 0.77 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 0.72 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -0.43% while it is estimated to increase by 12.62% in next year. EPS is likely to shrink at an annualized rate of 8.94% 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 Deutsche Bank on January 08, 2025 offering a Buy rating for the stock and assigned a target price range of between $80 and $98 to it. On October 14, 2024, Raymond James Upgrade their recommendations, while on September 27, 2024, RBC Capital Mkts Initiated their ratings for the stock with a price target of $88. Stock get a Hold rating from TD Cowen on September 26, 2024.

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