As of right now, Nasdaq Inc. [NDAQ] is trading at $53.11, up 2.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NDAQ shares have lost -2.23% over the last week, with a monthly amount drifted -9.40%, and not seem to be holding up well over a long-time horizon.
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On 15, March 2023, Yandex N.V. Notified of Anticipated Delisting from The Nasdaq Stock Market. In a post published today on Yahoo Finance, The Nasdaq Stock Market (Nasdaq: NDAQ) announced today that it has notified Yandex N.V. (Nasdaq: YNDX) that its securities will be delisted from the Nasdaq Stock Market LLC on March 24, unless the company appeals to a Listing Qualifications Hearings Panel. The securities will remain halted, and unavailable to trade, until any appeal is resolved, and the securities are removed from Nasdaq. Following removal from Nasdaq the securities may be eligible for trading in the over-the-counter market.
From an analyst’s perspective:
Nasdaq Inc. [NASDAQ: NDAQ] stock has seen the most recent analyst activity on January 26, 2023, when Deutsche Bank downgraded its rating to a Hold and also revised its price target to $60 from $72. On November 02, 2022, downgrade downgraded it’s rating to Neutral and revised its price target to $57 on the stock. BofA Securities downgraded its rating to a Underperform and decreased its price target to $58 on October 14, 2022. Citigroup initiated its recommendation with a Neutral and recommended $62 as its price target on October 12, 2022. JP Morgan upgraded its rating to Overweight for this stock on October 06, 2022, but kept the price target unchanged to $70. In a note dated August 19, 2022, Atlantic Equities downgraded an Neutral rating on this stock and boosted its target price from $190 to $200.
Through the last year, Nasdaq Inc.’s stock price ranged from $46.77 to $69.22. Currently, Wall Street analysts expect the stock to reach $64.29 within the next 12 months. Nasdaq Inc. [NASDAQ: NDAQ] shares were valued at $53.11 at the most recent close of the market. An investor can expect a potential return of 21.05% based on the average NDAQ price forecast.
Analyzing the NDAQ fundamentals
For Nasdaq Inc., (NDAQ), the latest quarter sales were 1.58 billion, which represents an 7.80% increase. Gross Margin for this corporation currently stands at +53.39% with Operating Margin at +26.94%, Pretax Margin comes in at +23.69%, and Net Margin reading is +18.07%.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.62 points at the first support level, and at 50.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.07, and for the 2nd resistance point, it is at 55.04.
Nasdaq Inc. [NDAQ] reported earnings per share of $0.64 for its fiscal quarter that ended on 12/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.65/share, meaning a difference of -$0.01 and a surprise factor of -1.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2022 were $0.68 per share as compared to estimates of $0.65 per share, a difference of $0.03 representing a surprise of 4.60%.
Ratios To Look Out For
It is important to note that Nasdaq Inc. [NASDAQ:NDAQ] has a current ratio of 1.00. Considering the valuation of this stock, the price to sales ratio is 4.91, the price to book ratio is 4.90 and the P/E (TTM) ratio is 23.48.
Transactions by insiders
Insider trading, which has resulted in 0 insider purchases of 0 shares and 9 insider sales of 82,464 shares in the past three months, is now the topic of our analysis. Recent insider trading involved Smith Bryan Everard, Executive Vice President, that happened on Mar 14 when 5000.0 shares were sold. Executive Vice President, Smith Bryan Everard completed a deal on Feb 28 to sell 3000.0 shares. Meanwhile, Executive Vice President Smith Bryan Everard sold 6000.0 shares on Feb 23.