Let’s look at the key reasons that are pushing Intercontinental Exchange Inc (ICE) to new highs

Intercontinental Exchange Inc (NYSE: ICE) on Friday, plunged -0.79% from the previous trading day, before settling in for the closing price of $155.87. Within the past 52 weeks, ICE’s price has moved between $104.91 and $167.99.

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During the last 5-year period, the sales growth of Financial Sector giant was 11.20%. The company achieved an average annual earnings per share of 8.42%. With a float of $569.50 million, this company’s outstanding shares have now reached $573.00 million.

Let’s determine the extent of company efficiency that accounts for 13222 employees. In terms of profitability, gross margin is 68.0%, operating margin of 37.56%, and the pretax margin is 28.96%.

Intercontinental Exchange Inc (ICE) Breakdown of a Key Holders of the stock

Observing investor behavior towards Financial Data & Stock Exchanges industry stocks is more important than anything else. The insider ownership of Intercontinental Exchange Inc is 0.82%, while institutional ownership is 91.58%. The most recent insider transaction that took place on Sep 26 ’24, was worth 326,799. In this transaction General Counsel of this company sold 2,048 shares at a rate of $159.57, taking the stock ownership to the 44,865 shares. Before that another transaction happened on Sep 27 ’24, when Company’s Officer proposed sale 2,213 for $158.12, making the entire transaction worth $349,920.

Intercontinental Exchange Inc (ICE) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around 8.42% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to 4.09% growth over the previous five years of trading.

Intercontinental Exchange Inc (NYSE: ICE) Trading Performance Indicators

Intercontinental Exchange Inc (ICE) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.08. Likewise, its price to free cash flow for the trailing twelve months is 23.34.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.22, a number that is poised to hit 1.53 in the next quarter and is forecasted to reach 6.77 in one year’s time.

Technical Analysis of Intercontinental Exchange Inc (ICE)

Looking closely at Intercontinental Exchange Inc (NYSE: ICE), its last 5-days average volume was 4.31 million, which is a jump from its year-to-date volume of 2.55 million. As of the previous 9 days, the stock’s Stochastic %D was 29.03%. Additionally, its Average True Range was 2.83.

During the past 100 days, Intercontinental Exchange Inc’s (ICE) raw stochastic average was set at 60.76%, which indicates a significant increase from 9.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 28.86% in the past 14 days, which was higher than the 16.37% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $161.95, while its 200-day Moving Average is $144.19. However, in the short run, Intercontinental Exchange Inc’s stock first resistance to watch stands at $156.27. Second resistance stands at $157.89. The third major resistance level sits at $159.43. If the price goes on to break the first support level at $153.11, it is likely to go to the next support level at $151.57. Now, if the price goes above the second support level, the third support stands at $149.95.

Intercontinental Exchange Inc (NYSE: ICE) Key Stats

Market capitalization of the company is 88.09 billion based on 574,142K outstanding shares. Right now, sales total 7,988 M and income totals 2,368 M. The company made 2,317 M in profit during its latest quarter, and 632,000 K in sales during its previous quarter.