Is Intercontinental Exchange Inc (ICE) Stock a Good Buy for Short-term Investors?

Intercontinental Exchange Inc [ICE] stock is trading at $156.47, up 0.40%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ICE shares have gain 0.23% over the last week, with a monthly amount drifted -5.24%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Intercontinental Exchange Inc [NYSE: ICE] stock has seen the most recent analyst activity on October 14, 2024, when Raymond James downgraded its rating to a Outperform but kept the price target unchanged to $185 for it. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on September 27, 2024, and set its price target to $200. On September 26, 2024, TD Cowen initiated with a Buy rating and assigned a price target of $182 on the stock. Deutsche Bank downgraded its rating to a Hold and decreased its price target to $152 on August 02, 2024. Goldman upgraded its rating to a Buy and raised its price target to $167 on July 01, 2024. Barclays upgraded its rating to Overweight for this stock on January 08, 2024, and upped its price target to $148.

Intercontinental Exchange Inc [ICE] stock has fluctuated between $108.94 and $167.99 over the past year. Currently, Wall Street analysts expect the stock to reach $148.41 within the next 12 months. Intercontinental Exchange Inc [NYSE: ICE] shares were valued at $156.47 at the most recent close of the market. An investor can expect a potential drop of -5.15% based on the average ICE price forecast.

Analyzing the ICE fundamentals

Intercontinental Exchange Inc [NYSE:ICE] reported sales of 10.90B for the trailing twelve months, which represents a growth of 18.04%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.29%, and Net Profit Margin reading is 0.22%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.09 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.78.

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 155.44 points at the first support level, and at 154.41 for the second support level. However, for the 1st resistance point, the stock is sitting at 157.58, and for the 2nd resistance point, it is at 158.69.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 8.24, the price to book ratio is 3.30 and price to earnings (TTM) ratio is 37.07.

Transactions by insiders

Recent insider trading involved CONTINENTAL POWER EXCHANGE, IN, Officer, that happened on Nov 13 ’24 when 0.15 million shares were purchased. Officer, BENJAMIN R JACKSON completed a deal on Nov 13 ’24 to buy 11654.0 shares. Meanwhile, General Counsel Surdykowski Andrew J sold 2048.0 shares on Sep 26 ’24.

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