Intercontinental Exchange Inc (ICE)’s Market Momentum: Closing Strong at 144.41, Up 1.37

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As of close of business last night, Intercontinental Exchange Inc’s stock clocked out at $144.41, up 1.37% from its previous closing price of $142.46. In other words, the price has increased by $1.37 from its previous closing price. On the day, 2.87 million shares were traded. ICE stock price reached its highest trading level at $144.47 during the session, while it also had its lowest trading level at $142.78.


To gain a deeper understanding of ICE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.56. In the meantime, Its Debt-to-Equity ratio is 0.85 whereas as Long-Term Debt/Eq ratio is at 0.78.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on July 01, 2024, Upgraded its rating to Buy and sets its target price to $167 from $143 previously.

On January 08, 2024, Barclays Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $120 to $148.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jul 09 ’24 when Sprecher Jeffrey C sold 110,000 shares for $141.68 per share. The transaction valued at 15,584,357 led to the insider holds 2,551,705 shares of the business.

Sprecher Jeffrey C sold 58,389 shares of ICE for $8,272,280 on Jul 09 ’24. The Chief Executive Officer now owns 1,179,993 shares after completing the transaction at $141.68 per share. On Jul 08 ’24, another insider, Kapani Mayur, who serves as the Chief Technology Officer of the company, sold 395 shares for $141.13 each. As a result, the insider received 55,746 and left with 64,471 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ICE now has a Market Capitalization of 82831417344 and an Enterprise Value of 104327348224. As of this moment, Intercontinental’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.08, and their Forward P/E ratio for the next fiscal year is 21.72. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.29 while its Price-to-Book (P/B) ratio in mrq is 3.15. Its current Enterprise Value per Revenue stands at 12.447 whereas that against EBITDA is 20.353.

Stock Price History:

The Beta on a monthly basis for ICE is 1.07, which has changed by 0.23385167 over the last 52 weeks, in comparison to a change of 0.24919295 over the same period for the S&P500. Over the past 52 weeks, ICE has reached a high of $142.49, while it has fallen to a 52-week low of $104.49. The 50-Day Moving Average of the stock is 6.69%, while the 200-Day Moving Average is calculated to be 14.07%.

Shares Statistics:

It appears that ICE traded 2.30M shares on average per day over the past three months and 2599530 shares per day over the past ten days. A total of 573.00M shares are outstanding, with a floating share count of 568.73M. Insiders hold about 0.85% of the company’s shares, while institutions hold 91.50% stake in the company. Shares short for ICE as of 1718323200 were 4678261 with a Short Ratio of 2.03, compared to 1715731200 on 4309563. Therefore, it implies a Short% of Shares Outstanding of 4678261 and a Short% of Float of 0.8200000000000001.

Dividends & Splits

With its trailing 12-month dividend rate of 1.71, ICE has a forward annual dividend rate of 1.74. Against a Trailing Annual Dividend Yield of 0.012003369The stock’s 5-year Average Dividend Yield is 1.24. The current Payout Ratio is 40.08% for ICE, which recently paid a dividend on 2024-06-13 with an ex-dividend date of 1726185600. Stock splits for the company last occurred on 2016-11-04 when the company split stock in a 5:1 ratio.

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