Tradeweb Markets Inc (TW) stock hits $103.18: Is it a good time to buy or wait for a dip?

Tradeweb Markets Inc [TW] stock is trading at $103.18, up 0.15%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value.

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On 8, April 2024, Tradeweb to Acquire ICD, a Leading Independent, Multi-Fund Investment Platform for Corporate Treasury Professionals. In a post published today on Yahoo Finance, Adds Corporates as Fourth Client Channel for Tradeweb Alongside Institutional, Wholesale and Retail.

From an analyst’s perspective:

Previously, Barclays started tracking the stock with Overweight rating on June 28, 2023, and set its price target to $89. On December 07, 2022, upgrade upgraded it’s rating to Outperform but maintained its price target of $74 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $67 on October 12, 2022. Rosenblatt initiated its recommendation with a Buy and recommended $91 as its price target on August 17, 2022. Credit Suisse started tracking with a Outperform rating for this stock on February 15, 2022, and assigned it a price target of $104.

Tradeweb Markets Inc [TW] stock has fluctuated between $64.83 and $108.04 over the past year. Currently, Wall Street analysts expect the stock to reach $99.33 within the next 12 months. Tradeweb Markets Inc [NASDAQ: TW] shares were valued at $103.18 at the most recent close of the market. An investor can expect a potential drop of -3.73% based on the average TW price forecast.

Analyzing the TW fundamentals

Tradeweb Markets Inc [NASDAQ:TW] reported sales of 1.34B for the trailing twelve months, which represents a growth of 26.26%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.41%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.07 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.

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 102.29 points at the first support level, and at 101.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 104.05, and for the 2nd resistance point, it is at 104.92.

Tradeweb Markets Inc [TW] reported earnings per share of $0.64 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 $0.64/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.55 per share as compared to estimates of $0.55 per share, a difference of $0 representing a surprise of 0.00%.

Ratios To Look Out For

For context, Tradeweb Markets Inc’s Current Ratio is 3.69. As well, the Quick Ratio is 3.69, while the Cash Ratio is 1.91. Considering the valuation of this stock, the price to sales ratio is 16.40, the price to book ratio is 4.07 and price to earnings (TTM) ratio is 60.22.

Transactions by insiders

Recent insider trading involved Peterson Justin, Chief Technology Officer, that happened on Mar 25 ’24 when 5013.0 shares were sold. General Counsel and Secretary, Friedman Douglas completed a deal on Mar 20 ’24 to sell 2922.0 shares. Meanwhile, Chief Technology Officer Peterson Justin sold 8287.0 shares on Mar 11 ’24.

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