At the time of writing, Nasdaq Inc [NDAQ] stock is trading at $63.00, up 1.24%. 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 3.48% over the last week, with a monthly amount glided 11.76%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nasdaq Inc [NASDAQ: NDAQ] stock has seen the most recent analyst activity on March 26, 2024, when Goldman upgraded its rating to a Buy but kept the price target unchanged to $73 for it. On April 11, 2023, downgrade downgraded it’s rating to Equal-Weight and revised its price target to $60 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $60 on January 26, 2023. Redburn initiated its recommendation with a Neutral. Credit Suisse downgraded its rating to Neutral for this stock on November 02, 2022, and downed its price target to $57. In a note dated October 14, 2022, BofA Securities downgraded an Underperform rating on this stock and revised its target price from $65 to $58.
For the past year, the stock price of Nasdaq Inc fluctuated between $46.88 and $63.05. Currently, Wall Street analysts expect the stock to reach $66.11 within the next 12 months. Nasdaq Inc [NASDAQ: NDAQ] shares were valued at $63.00 at the most recent close of the market. An investor can expect a potential return of 4.94% based on the average NDAQ price forecast.
Analyzing the NDAQ fundamentals
According to Nasdaq Inc [NASDAQ:NDAQ], the company’s sales were 6.07B for trailing twelve months, which represents an 4.17% jump. 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 62.40 points at the first support level, and at 61.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.34, and for the 2nd resistance point, it is at 63.68.
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 5.98, the price to book ratio is 3.35 and price to earnings (TTM) ratio is 29.94.
Transactions by insiders
Recent insider trading involved Borse Dubai LTD, 10% Owner, that happened on Mar 22 ’24 when 31.0 million shares were sold. Executive Vice President, Smith Bryan Everard completed a deal on Mar 01 ’24 to sell 2064.0 shares. Meanwhile, Executive Vice President DENNISON ANN M sold 5150.0 shares on Nov 01 ’23.
