Intercontinental Exchange, Inc. (ICE) is an interesting player in the Financial space, with a focus on Diversified Investments. The stock has been active on the tape, currently trading at $73.18, up from yesterday’s close by 0.88%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.Fundamental Analysis
Intercontinental Exchange, Inc. (ICE) currently trades with a market capitalization of $42.47 Billion. That value represents a market adjusting for revenues that have been growing by 0.53 % on a quarterly year/year basis as of the company’s last quarterly report.
You can get a sense of how sustainable that is by a levered free cash flow of $1.87 Billion over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.88 on a per share basis this quarter. Perhaps, that suggests something about why 0.56% of the outstanding share supply is held by institutional investors.
It’s important to check the technicals to get a sense of how ICE has been acting. Looking at the stock’s movement on the chart, Intercontinental Exchange, Inc. recorded a 52-week high of $76.30. It is now trading 3.12% off that level. The stock is trading $72.40 its 50-day moving average by -0.78%. The stock carved out a 52-week low down at $57.91.
In recent action, Intercontinental Exchange, Inc. (ICE) has made a move of -1.81% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 13.41, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 0.87% with $570.42 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ICE.