Currently, Nasdaq Inc [NDAQ] is trading at $62.46, up 3.60%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NDAQ shares have gain 4.55% over the last week, with a monthly amount glided 12.70%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Nasdaq Announces Pricing of Secondary Offering of Nasdaq Common Stock by Borse Dubai. In a post published today on Yahoo Finance, Nasdaq, Inc. (Nasdaq: NDAQ or Nasdaq) today announced the pricing of the previously announced secondary offering by Borse Dubai of 26,956,522 shares of Nasdaq’s common stock at $59.00 per share. Borse Dubai has also granted the underwriters a 30-day option to purchase up to 4,043,478 additional shares of Nasdaq’s common stock. The offering is expected to close on March 22, 2024, subject to customary closing conditions.
From an analyst’s perspective:
Previously, Morgan Stanley downgraded its rating to Equal-Weight on April 11, 2023, and dropped its price target to $60. On January 26, 2023, downgrade downgraded it’s rating to Hold and revised its price target to $60 on the stock. Redburn started tracking the stock assigning a Neutral rating. Credit Suisse downgraded its rating to a Neutral and reduced its price target to $57 on November 02, 2022. BofA Securities downgraded its rating to Underperform for this stock on October 14, 2022, and downed its price target to $58. In a note dated October 12, 2022, Citigroup initiated an Neutral rating and provided a target price of $62 on this stock.
This stock has fluctuated between a low of $46.88 and a high of $60.72 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $65.31 within the next 12 months. Nasdaq Inc [NASDAQ: NDAQ] shares were valued at $62.46 at the most recent close of the market. An investor can expect a potential return of 4.56% based on the average NDAQ price forecast.
Analyzing the NDAQ fundamentals
Trailing Twelve Months sales for Nasdaq Inc [NASDAQ:NDAQ] were 6.07B which represents 4.17% growth. Gross Profit Margin for this corporation currently stands at 0.63% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.23%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.14 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.97.
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 60.93 points at the first support level, and at 59.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.27, and for the 2nd resistance point, it is at 64.09.
Nasdaq Inc [NDAQ] reported earnings per share of $0.72 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.71/share, meaning a difference of $0.01 and a surprise factor of 1.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.71 per share as compared to estimates of $0.68 per share, a difference of $0.03 representing a surprise of 4.40%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.92, the price to book ratio is 3.32 and price to earnings (TTM) ratio is 29.68.
Transactions by insiders
Recent insider trading involved Smith Bryan Everard, Executive Vice President, that happened on Mar 01 ’24 when 2064.0 shares were sold. Executive Vice President, DENNISON ANN M completed a deal on Nov 01 ’23 to sell 5150.0 shares. Meanwhile, Director Torgeby Johan bought 14000.0 shares on Oct 23 ’23.
