July 9, 2020

Notable News Spotlight: Nasdaq (NASDAQ:NDAQ)

 Nasdaq (NASDAQ:NDAQ) changed -1.31% to recent value of $114.33. The stock transacted 935119 shares during most recent day however it has an average volume of 742.37K shares. It spotted trading -4.91% off 52-week high price. On the other end, the stock has been noted 39.05% away from the low price over the last 52-weeks.

On Feb. 03, 2020, Nasdaq (NASDAQ:NDAQ) revealed the acquisition of OneReport a privately-held provider of corporate responsibility and environmental, social, and governance (ESG) data management and reporting services. OneReport will accelerate the delivery of Nasdaq’s recently-announced ESG reporting and workflow solution, to be named Nasdaq OneReport. The platform is now available to companies as part of the suite of solutions offered by Nasdaq’s Corporate Services business.

Nasdaq OneReport will broaden our strategic engagement and collaboration with issuers who are seeking clarity on ESG reporting, said Nelson Griggs, President of the Nasdaq Stock Exchange. We are strongly positioned to solve these challenges given the thousands of clients globally who rely on Nasdaq for counsel on a range of investor relations, governance, and sustainability-related issues.

ESG data has increasingly become an important resource for investors seeking performance indicators, but also for public companies trying to increase operational efficiency, decrease resource dependency, and attract new customers and employees.

Since 2003, OneReport’s software platform has helped leading organizations navigate corporate responsibility frameworks, pilot the information capture and response process, and deliver ESG data to ratings agencies and other stakeholders. OneReport addresses the daunting array of frameworks by offering an easy and efficient tool for managing data internally, and in turn, connects companies to the industry’s leading ESG raters.

 NDAQ has a gross margin of 59.50% and an operating margin of 24.30% while its profit margin remained 12.70% for the last 12 months. Its earnings per share (EPS) expected to touch remained 18.20% for this year while earning per share for the next 5-years is expected to reach at 7.66%.  The company has 163.21M of outstanding shares and 133.46M shares were floated in the market. According to the most recent quarter its current ratio was 0.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.58% from the mean of 20 days, 5.76% from mean of 50 days SMA and performed 13.97% from mean of 200 days price. Company’s performance for the week was -1.83%, 8.03% for month and YTD performance remained 6.75%.

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