The ICE stock price fluctuated between $119.93 and $121.84 throughout the trading session with the volume trading being 2M shares, which represented a negative variation when compared to the three months average volume of 3M shares.
The share price of Intercontinental Exchange, Inc. (NYSE:ICE) ran up 0.48% to close Tuesday’s market session at $121.01, higher as compared to yesterday’s close which brings the market valuation of the company to $68.12B.
The 52-week high for the Intercontinental Exchange, Inc.’s shares is $121.97. That puts it -0.79% from that peak but still a nice gain since the share price dropped to a 52-week low of $92.41, while the S&P 500’s share price change was of 35%.
The company currently has a 32.33 P/E ratio and a price target of $134.19.
What does the trading volume tell us about the ICE stock?
During the last trading session, Intercontinental Exchange, Inc. (NYSE:ICE) has seen growth in its daily volume. The daily volume was of 3M, while in the last 10 days the average was 1.93M and last three months – 2.56M.
The increasing interest in the ICE stock from the investors is helping to drive the stock price up.
Growing short interest
The Intercontinental Exchange, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 4.25M shares being shorted which translates into 1.57 of a short ratio for ICE, while in the previous month the shorted shares were 4.08M.
Intercontinental Exchange, Inc. (NYSE:ICE) financials
With a market cap of 68.12B, Intercontinental Exchange, Inc. holds a total cash of $562M that translates into $1 per share, while the total debt is of $16.5B.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 15.30%. The current revenue is of $6.27B that is $11.31 per share.
This is a great sign for a bright future.