Cboe Global Markets Inc (AMEX: CBOE) Jumped 1.09%, But Don’t Be Too Excited

Cboe Global Markets Inc (AMEX:CBOE) shares, rose in value on Friday, March 28, with the stock price up by 1.09% to the previous day’s close as strong demand from buyers drove the stock to $222.68.

Actively observing the price movement in the last trading, the stock closed the session at $220.27, falling within a range of $219.78 and $222.81. The value of beta (5-year monthly) was 0.661 whereas the PE ratio was 30.85 over 12-month period. Referring to stock’s 52-week performance, its high was $223.51, and the low was $166.13. On the whole, CBOE has fluctuated by 7.06% over the past month.

With the market capitalization of Cboe Global Markets Inc currently standing at about $23.31 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06. The company’s Forward Dividend Ratio is 2.44, with its dividend yield at 1.10%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.18B, with a low estimate of 522M and a high estimate of 551.7M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 537.11M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CBOE’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 4.92, with the price of CBOE currently trading nearly 3.38% and 6.22% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.99, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 2.50%. Furthermore, Cboe Global Markets Inc (CBOE)’s beta value is 0.49, and its average true range (ATR) is 4.95.

A comparison of Cboe Global Markets Inc (CBOE) with its peers suggests the former has fared considerably weaker in the market. CBOE showed an intraday change of 1.09% in last session, and over the past year, it grew by 25.02%%.

Data on historical trading for Cboe Global Markets Inc (AMEX:CBOE) indicates that the trading volumes over the past 10 days have averaged 0.8 and over the past 3 months, they’ve averaged 793.82K. According to company’s latest data on outstanding shares, there are 104.69 million shares outstanding.

Nearly 0.47% of Cboe Global Markets Inc’s shares belong to company insiders and institutional investors own 89.51% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.55 million shares as on 2018-08-31, resulting in a short ratio of 2.87. According to the data, the short interest in Cboe Global Markets Inc (CBOE) stood at 298.00 of shares outstanding as of 2018-08-31; the number of short shares registered in 2018-07-31 reached 2.58 million. The stock has risen by 13.96% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CBOE stock heading into the next quarter.

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