P/E Ratio Insights for Nasdaq
Portfolio Pulse from Benzinga Insights
Nasdaq Inc.'s (NASDAQ:NDAQ) share price is currently at $51.10, after a 0.72% drop. Despite a 0.49% increase over the past month, the stock has decreased by 16.38% over the past year. The company's P/E ratio of 23.08 is lower than the Capital Markets industry average of 74.13, which could indicate that the stock is undervalued or that shareholders do not expect future growth.
September 13, 2023 | 8:30 pm
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Nasdaq Inc.'s share price has dropped 0.72% to $51.10. The stock's P/E ratio of 23.08, lower than the industry average, could suggest undervaluation or lack of growth expectation.
Nasdaq Inc.'s share price has dropped, and its P/E ratio is lower than the industry average. This could suggest that the stock is undervalued, which would be positive for the stock price. However, it could also indicate that shareholders do not expect the stock to perform well in the future, which would be negative. Therefore, the impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100