Nasdaq Inc [NDAQ] Is Currently 1.43 below its 200 Period Moving Avg: What Does This Mean?

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Nasdaq Inc [NASDAQ: NDAQ] closed the trading session at $62.23.

The stocks have a year to date performance of 7.03 percent and weekly performance of 3.41 percent. The stock has been moved at 17.17 percent over the last six months. The stock has performed 3.70 percent around the most recent 30 days and changed 12.15 percent over the most recent 3-months.

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If compared to the average trading volume of 3.45M shares, NDAQ reached to a volume of 3770942 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Nasdaq Inc [NDAQ]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NDAQ shares is $66.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NDAQ stock is a recommendation set at 2.21. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Rosenblatt have made an estimate for Nasdaq Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 08, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on April 11, 2024, representing the official price target for Nasdaq Inc stock. Previously, the target price had yet another raise from $59 to $80, while Morgan Stanley kept a Overweight rating on NDAQ stock.

The Average True Range (ATR) for Nasdaq Inc is set at 1.14, with the Price to Sales ratio for NDAQ stock in the period of the last 12 months amounting to 5.78. The Price to Book ratio for the last quarter was 3.31, with the Price to Cash per share for the same quarter was set at 0.71. Price to Free Cash Flow for NDAQ in the course of the last twelve months was 23.85.

NDAQ stock trade performance evaluation

Nasdaq Inc [NDAQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.41. With this latest performance, NDAQ shares gained by 3.70% in over the last four-week period, additionally plugging by 17.17% over the last 6 months – not to mention a rise of 14.10% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NDAQ stock in for the last two-week period is set at 60.65, with the RSI for the last a single of trading hit 66.32, and the three-weeks RSI is set at 58.19 for Nasdaq Inc [NDAQ]. The present Moving Average for the last 50 days of trading for this stock 60.97, while it was recorded at 61.05 for the last single week of trading, and 55.31 for the last 200 days.

Earnings per share (EPS) analysis for Nasdaq Inc [NDAQ] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NDAQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nasdaq Inc go to 7.59%.

Nasdaq Inc [NDAQ]: Institutional Ownership

The top three institutional holders of NDAQ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NDAQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NDAQ stock with ownership which is approximately 5.8386%.