$3.27M in average volume shows that Nasdaq Inc (NDAQ) is heading in the right direction

On Monday, Nasdaq Inc (NASDAQ: NDAQ) opened higher 1.41% from the last session, before settling in for the closing price of $60.35. Price fluctuations for NDAQ have ranged from $46.88 to $64.25 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 7.36%. Company’s average yearly earnings per share was noted -1.27% at the time writing. With a float of $383.57 million, this company’s outstanding shares have now reached $575.16 million.

Considering the fact that the conglomerate employs 8525 people, you should pay attention to its efficiency factor.

Nasdaq Inc (NDAQ) Insider Activity

A key investor’s attitude towards the stock of the Financial Data & Stock Exchanges industry is another important factor to consider. The insider ownership of Nasdaq Inc is 33.38%, while institutional ownership is 54.47%. The most recent insider transaction that took place on Apr 01 ’24, was worth 465,534. In this transaction Executive Vice President of this company sold 7,400 shares at a rate of $62.91, taking the stock ownership to the 61,672 shares. Before that another transaction happened on Mar 22 ’24, when Company’s 10% Owner sold 31,000,000 for $58.00, making the entire transaction worth $1,797,907,000. This insider now owns 58,341,545 shares in total.

Nasdaq Inc (NDAQ) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 12/31/2023, the company posted $0.72 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.71) by $0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.68 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -1.27% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.95% during the next five years compared to 18.00% growth over the previous five years of trading.

Nasdaq Inc (NASDAQ: NDAQ) Trading Performance Indicators

Check out the current performance indicators for Nasdaq Inc (NDAQ). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.81. Likewise, its price to free cash flow for the trailing twelve months is 22.91.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.10, a number that is poised to hit 0.65 in the next quarter and is forecasted to reach 3.14 in one year’s time.

Technical Analysis of Nasdaq Inc (NDAQ)

Compared to the last year’s volume of 3.12 million, its volume of 2.64 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 19.78%. Additionally, its Average True Range was 1.17.

During the past 100 days, Nasdaq Inc’s (NDAQ) raw stochastic average was set at 71.32%, which indicates a significant increase from 32.55% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 20.10% in the past 14 days, which was higher than the 19.41% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $59.43, while its 200-day Moving Average is $54.39. Nevertheless, the first resistance level for the watch stands at $61.51 in the near term. At $61.81, the stock is likely to face the second major resistance level. The third major resistance level sits at $62.30. If the price goes on to break the first support level at $60.71, it is likely to go to the next support level at $60.22. Should the price break the second support level, the third support level stands at $59.92.

Nasdaq Inc (NASDAQ: NDAQ) Key Stats

There are currently 575,207K shares outstanding in the company with a market cap of 35.24 billion. Presently, the company’s annual sales total 6,064 M according to its annual income of 1,059 M. Last quarter, the company’s sales amounted to 1,647 M and its income totaled 196,000 K.