Nasdaq Inc (NDAQ) stock hits $59.96: Is it a good time to buy or wait for a dip?

Nasdaq Inc [NDAQ] stock prices are up 0.81% to $59.96 at the moment. 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 gain 0.08% over the last week, with a monthly amount glided 1.58%, 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 May 08, 2024, when Rosenblatt downgraded its rating to a Neutral and also revised its price target to $64 from $76. Previously, Barclays started tracking the stock with Overweight rating on April 11, 2024, and set its price target to $76. On April 09, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $80 on the stock. Edward Jones started tracking the stock assigning a Buy rating. Goldman upgraded its rating to a Buy but $73 remained the price target by the analyst firm on March 26, 2024. In a note dated April 11, 2023, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $70 to $60.

The stock price of Nasdaq Inc [NDAQ] has been fluctuating between $46.88 and $64.25 over the past year. Currently, Wall Street analysts expect the stock to reach $69.44 within the next 12 months. Nasdaq Inc [NASDAQ: NDAQ] shares were valued at $59.96 at the most recent close of the market. An investor can expect a potential return of 15.81% based on the average NDAQ price forecast.

Analyzing the NDAQ fundamentals

The Nasdaq Inc [NASDAQ:NDAQ] reported sales of 6.21B for trailing twelve months, representing a surge of 9.20%. Gross Profit Margin for this corporation currently stands at 0.66% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.12 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 0.93.

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 59.56 points at the first support level, and at 59.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.35, and for the 2nd resistance point, it is at 60.74.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.57, the price to book ratio is 3.19 and price to earnings (TTM) ratio is 31.59.

Transactions by insiders

Recent insider trading involved Smith Bryan Everard, Executive Vice President, that happened on May 01 ’24 when 3036.0 shares were sold. Executive Vice President, Smith Bryan Everard completed a deal on Apr 01 ’24 to sell 7400.0 shares. Meanwhile, 10% Owner Borse Dubai LTD sold 31.0 million shares on Mar 22 ’24.

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