Intercontinental Exchange Sees 2.24M Shares Traded, Beta of 0.94
August 12, 2023
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Intercontinental Exchange ($NYSE:ICE) Inc. (ICE) is a leading provider of global financial market infrastructure and futures and options trading. Recently, a total of 2.24 million shares of ICE were traded. The company has a beta of 0.94, which indicates that its stock price is less volatile than that of the overall market. The company provides data services, trading platforms, technology solutions, and clearing houses to the global financial markets. It operates exchanges in the United States, Europe, and Asia-Pacific. These markets offer trading in several products such as currency, energy, emissions, credit, agricultural commodities, and other financial instruments.
ICE also offers data solutions, such as market data feeds, analytics tools, market intelligence reports, and compliance solutions. In addition to that, ICE is a leading provider of post-trade services, including settlement and payment services. Overall, the recent trading of 2.24 million shares of Intercontinental Exchange Inc., combined with its beta of 0.94, demonstrate the popularity and stability of this global market infrastructure provider. ICE’s diverse range of products and services make it an ideal choice for those looking to do business in the global financial markets.
Price History
Friday saw a surge in INTERCONTINENTAL EXCHANGE (ICE) stock, with 2.24M shares being traded and a beta of 0.94. ICE opened at $113.3 and closed at $114.0, representing a 1.7% increase from its previous closing price of $112.1. This notable increase in trading activity was accompanied by an expected beta of 0.94, which is relatively low given the markets in which it operates. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Intercontinental Exchange. More…
| Total Revenues | Net Income | Net Margin |
| 9.57k | 1.69k | 18.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Intercontinental Exchange. More…
| Operations | Investing | Financing |
| 3.63k | -1.02k | -78.97k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Intercontinental Exchange. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 136.28k | 112.39k | 42.55 |
Key Ratios Snapshot
Some of the financial key ratios for Intercontinental Exchange are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | 8.4% | 27.5% |
| FCF Margin | ROE | ROA |
| 32.9% | 7.0% | 1.2% |
Analysis
After conducting an analysis of INTERCONTINENTAL EXCHANGE‘s fundamentals, we classified the company as a ‘cow’ based on the Star Chart criteria. ‘Cow’ companies are known to have a track record of paying out consistent and sustainable dividends, meaning that they may be an attractive investment for investors who are looking to generate income. On closer inspection of the company’s financial data, it is clear to see that INTERCONTINENTAL EXCHANGE has strengths in both dividend and profitability, as well as a medium performance in terms of asset and growth. Additionally, the company boasts a health score of 8/10, which indicates that it has a strong enough cashflow and debt situation to be able to safely ride out any potential crisis without the risk of bankruptcy. More…
Peers
The company operates in four segments: Trading and Clearing, Data and Listings, Futures and Options, and Connectivity and Technology Solutions. ICE has a market capitalization of $38.72 billion and its competitors are London Stock Exchange Group PLC (LSEG), Singapore Exchange Ltd (SGX), and TMX Group Ltd (TMX).
– London Stock Exchange Group PLC ($LSE:LSEG)
London Stock Exchange Group PLC is a United Kingdom-based financial services holding company. The Company’s business activities include capital formation, global benchmarking and risk management. It operates through capital markets, post trade services and information services divisions. Capital markets division comprises equity and debt capital markets, including primary and secondary market activities, and global depositary receipts (GDRs). Post trade services division offers clearing, settlement, custody and information products and services for fixed income securities, derivatives, exchange traded products (ETPs), commodities and cash equities. Information services division comprises real-time market data, indices, analytics and trading platforms. It operates in over 50 countries and territories.
– Singapore Exchange Ltd ($SGX:S68)
Singapore Exchange Ltd has a market cap of 8.94B as of 2022. The company has a Return on Equity of 23.35%. SGX is a Singapore-based company that operates a securities and derivatives exchange. The company also offers clearing, settlement and depository services.
– TMX Group Ltd ($TSX:X)
TMX Group Ltd is a Canadian financial services company that operates exchanges for multiple asset classes including equities, fixed income, derivatives, and energy. The company has a market capitalization of 7.14 billion as of 2022 and a return on equity of 13.93%. TMX Group Ltd is headquartered in Toronto, Canada.
Summary
Intercontinental Exchange (ICE) is a publicly traded company with an average daily trading volume of 2.24 million shares and a beta of 0.94. This indicates that it is a stock with lower volatility than the broader market, making it attractive to investors who seek stability in their investments. Fundamental analysis for this stock may focus on evaluating its financial ratios such as its price-to-earnings and dividend yield. Investors should also consider market sentiment and the overall performance of the ICE’s industry when making an investment decision.
Additionally, technical analysis can be used to identify potential entry and exit points and to determine whether there are opportunities for appreciation in the stock. Ultimately, investing in ICE can be a good choice for those looking for a relatively low-risk investment with potential for returns in the long term.
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