Stock Surge: Nasdaq Inc (NDAQ) Closes at 59.23, Marking a 0.41 Increase/Decrease

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In the latest session, Nasdaq Inc (NASDAQ: NDAQ) closed at $59.23 up 0.41% from its previous closing price of $58.99. In other words, the price has increased by $0.41 from its previous closing price. On the day, 2.42 million shares were traded. NDAQ stock price reached its highest trading level at $59.3 during the session, while it also had its lowest trading level at $58.345.

Ratios:

For a deeper understanding of Nasdaq Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 83.49 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.70. In the meantime, Its Debt-to-Equity ratio is 0.97 whereas as Long-Term Debt/Eq ratio is at 0.94.

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, Rosenblatt on May 08, 2024, Downgraded its rating to Neutral and sets its target price to $64 from $76 previously.

On April 11, 2024, Barclays started tracking the stock assigning a Overweight rating and target price of $76.

Morgan Stanley Upgraded its Equal-Weight to Overweight on April 09, 2024, whereas the target price for the stock was revised from $59 to $80.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on May 01 ’24 when Smith Bryan Everard sold 3,036 shares for $59.89 per share. The transaction valued at 181,826 led to the insider holds 58,636 shares of the business.

Smith Bryan Everard sold 7,400 shares of NDAQ for $465,534 on Apr 01 ’24. The Executive Vice President now owns 61,672 shares after completing the transaction at $62.91 per share. On Mar 22 ’24, another insider, Borse Dubai LTD, who serves as the 10% Owner of the company, sold 31,000,000 shares for $58.00 each. As a result, the insider received 1,797,907,000 and left with 58,341,545 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, NDAQ now has a Market Capitalization of 34148048896 and an Enterprise Value of 44221026304. As of this moment, Nasdaq’s Price-to-Earnings (P/E) ratio for their current fiscal year is 31.21, and their Forward P/E ratio for the next fiscal year is 19.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.50 while its Price-to-Book (P/B) ratio in mrq is 3.15. Its current Enterprise Value per Revenue stands at 7.127 whereas that against EBITDA is 19.55.

Stock Price History:

The Beta on a monthly basis for NDAQ is 0.94, which has changed by 0.19319093 over the last 52 weeks, in comparison to a change of 0.2586832 over the same period for the S&P500. Over the past 52 weeks, NDAQ has reached a high of $64.25, while it has fallen to a 52-week low of $46.88. The 50-Day Moving Average of the stock is -2.13%, while the 200-Day Moving Average is calculated to be 5.27%.

Shares Statistics:

For the past three months, NDAQ has traded an average of 3.23M shares per day and 2108150 over the past ten days. A total of 575.16M shares are outstanding, with a floating share count of 370.60M. Insiders hold about 35.72% of the company’s shares, while institutions hold 59.62% stake in the company. Shares short for NDAQ as of 1715731200 were 5041778 with a Short Ratio of 1.49, compared to 1713139200 on 3585566. Therefore, it implies a Short% of Shares Outstanding of 5041778 and a Short% of Float of 1.3599999999999999.

Dividends & Splits

According to the company, the forward annual dividend rate for NDAQ is 0.90, from 0.88 in the trailing year. Against a Trailing Annual Dividend Yield of 0.0149177825The stock’s 5-year Average Dividend Yield is 1.44. The current Payout Ratio is 41.29% for NDAQ, which recently paid a dividend on 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2022-08-29 when the company split stock in a 3:1 ratio.

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