Technical Outlook And Game Plan For Nasdaq Inc (NASDAQ: NDAQ)

Nasdaq Inc (NDAQ) concluded trading on Wednesday at a closing price of $81.73, with 7.03 million shares of worth about $574.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 20.33% during that period and on January 29, 2025 the price saw a gain of about 0.67%. Currently the company’s common shares owned by public are about 574.74M shares, out of which, 411.86M shares are available for trading.

Stock saw a price change of 1.11% in past 5 days and over the past one month there was a price change of 3.30%. Year-to-date (YTD), NDAQ shares are showing a performance of 5.72% which increased to 39.42% 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 2.57 million. The stock is currently trading 4.03% above its 20-day simple moving average (SMA20), while that difference is up 2.79% for SMA50 and it goes to 16.84% higher than SMA200.

Nasdaq Inc (NASDAQ: NDAQ) currently have 574.74M outstanding shares and institutions hold larger chunk of about 67.12% of that.

The stock has a current market capitalization of $46.97B and its 3Y-monthly beta is at 1.00. PE ratio of stock for trailing 12 months is 48.83, while it has posted earnings per share of $1.67 in the same period. Its PEG reads 3.88 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 2.72% while standing at 1.84% over the month.

Stock’s fiscal year EPS is expected to rise by 12.51% while it is estimated to increase by 13.57% in next year. EPS is likely to shrink at an annualized rate of 12.60% 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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