Intercontinental Exchange Inc (NYSE: ICE) is -2.52% lower on its value in year-to-date trading and has touched a low of $124.34 and a high of $167.99 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ICE stock was last observed hovering at around $143.89 in the last trading session, with the day’s gains setting it 1.36%.
Currently trading at $145.25, the stock is -2.59% and -5.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.15 million and changing 0.95% at the moment leaves the stock -2.45% off its SMA200. ICE registered 14.58% gain for a year compared to 6-month gain of -1.74%. The firm has a 50-day simple moving average (SMA 50) of $154.3822 and a 200-day simple moving average (SMA200) of $148.8523.
The stock witnessed a -8.17% loss in the last 1 month and extending the period to 3 months gives it a -10.65%, and is -0.91% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 1.47% over the month.
Intercontinental Exchange Inc (ICE) has around 13222 employees, a market worth around $83.40B and $10.90B in sales. Current P/E ratio is 34.41 and Fwd P/E is 21.76. Profit margin for the company is 22.29%. Distance from 52-week low is 16.82% and -13.54% from its 52-week high. The company has generated returns on investments over the last 12 months (5.27%).
with sales reaching $2.32B over the same period.The EPS is expected to grow by 7.70% this year, but quarterly earnings will post 16.18% year-over-year. Quarterly sales are estimated to grow 5.59% in year-over-year returns.
Intercontinental Exchange Inc (ICE) Top Institutional Holders
2130.0 institutions hold shares in Intercontinental Exchange Inc (ICE), with institutional investors hold 92.89% of the company’s shares. The shares outstanding are 574.00M, and float is at 569.97M with Short Float at 1.17%. Institutions hold 91.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 51.14 million shares valued at $7.0 billion. The investor’s holdings represent 8.9246% of the ICE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 43.5 million shares valued at $5.95 billion to account for 7.5916 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 25.3 million shares representing 4.4157% and valued at over $3.46 billion, while STATE STREET CORP holds 4.0786 of the shares totaling 23.37 million with a market value of $3.2 billion.
Intercontinental Exchange Inc (ICE) Insider Activity
The most recent transaction is an insider sale by Williams Stuart Glen, the company’s Chief Operating Officer. SEC filings show that Williams Stuart Glen sold 750 shares of the company’s common stock on Dec 18 ’24 at a price of $152.99 per share for a total of $0.11 million. Following the sale, the insider now owns 12780.0 shares.
Still, SEC filings show that on Dec 10 ’24, Surdykowski Andrew J (General Counsel) disposed off 955 shares at an average price of $156.08 for $0.15 million. The insider now directly holds 44,702 shares of Intercontinental Exchange Inc (ICE).
