Intercontinental Exchange Inc (NYSE:ICE) shares, rose in value on Wednesday, January 22, with the stock price up by 1.61% to the previous day’s close as strong demand from buyers drove the stock to $154.17.
Actively observing the price movement in the last trading, the stock closed the session at $151.72, falling within a range of $151.3807 and $154.8. The value of beta (5-year monthly) was 1.092 whereas the PE ratio was 36.52 over 12-month period. Referring to stock’s 52-week performance, its high was $167.99, and the low was $124.34. On the whole, ICE has fluctuated by 3.05% over the past month.
With the market capitalization of Intercontinental Exchange Inc currently standing at about $88.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.80, with its dividend yield at 1.17%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.28B, with a low estimate of 2.31B and a high estimate of 2.34B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.32B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ICE’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the PEG ratio is about 4.64, with the price of ICE currently trading nearly 3.65% and 0.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.42, while the 7-day volatility ratio is showing 1.66% which for the 30-day chart, stands at 1.47%. Furthermore, Intercontinental Exchange Inc (ICE)’s beta value is 1.11, and its average true range (ATR) is 2.47.
A comparison of Intercontinental Exchange Inc (ICE) with its peers suggests the former has fared considerably weaker in the market. ICE showed an intraday change of 1.61% in last session, and over the past year, it grew by 21.92%%.
Data on historical trading for Intercontinental Exchange Inc (NYSE:ICE) indicates that the trading volumes over the past 10 days have averaged 3.81 and over the past 3 months, they’ve averaged 3.20 million. According to company’s latest data on outstanding shares, there are 574.00 million shares outstanding.
Nearly 0.73% of Intercontinental Exchange Inc’s shares belong to company insiders and institutional investors own 91.97% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.66 million shares as on 2024-12-31, resulting in a short ratio of 2.16. According to the data, the short interest in Intercontinental Exchange Inc (ICE) stood at 117.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 7.06 million. The stock has risen by 3.46% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ICE stock heading into the next quarter.
