NDAQ Stock Summary and Trading Ideas (Nasdaq | NASDAQ:NDAQ)

Founded in 1971, Nasdaq is primarily known for its equity exchange, but in addition to its market-services business (about 35% of sales), the company sells and distributes market data as well as offers Nasdaq-branded indexes to asset managers and investors through its information-services segment (30%). Nasdaq's corporate-services business (20%) offers listing services and related investor relations products to publicly traded companies and through the company's market technology group (15%), Nasdaq facilitates the exchange operations of other exchanges throughout the world and provides financial compliance services.

Nasdaq trades on the NASDAQ stock market under the symbol NDAQ.

As of April 24, 2024, NDAQ stock price climbed to $61.50 with 2,590,222 million shares trading.

NDAQ has a beta of 0.64, meaning it tends to be less sensitive to market movements. NDAQ has a correlation of 0.12 to the broad based SPY ETF.

NDAQ has a market cap of $35.38 billion. This is considered a Large Cap stock.

Last quarter Nasdaq reported $1 billion in Revenue and $.72 earnings per share. This beat revenue expectation by $47 million and exceeded earnings estimates by $.02.

In the last 3 years, NDAQ stock traded as high as $71.65 and as low as $46.77.

The top ETF exchange traded funds that NDAQ belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

NDAQ has underperformed the market in the last year with a price return of +9.9% while the SPY ETF gained +24.2%. However, in the short term, NDAQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +6.1% vs +4.6% return in SPY. But in the last 2 weeks, NDAQ shares have been beat by the market, returning -3.2% compared to an SPY return of -2.7%.

NDAQ support price is $60.24 and resistance is $61.94 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NDAQ stock will trade within this expected range on the day.