Newmark Group Inc. (NASDAQ:NMRK) currently has a daily average trading volume of 974.20K but it saw 758473 shares traded on Wednesday. With a market cap of 986.22M USD, stock’s current market price of $5.68 came falling about -4.70 while comparing to the previous closing price of $5.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.93 and as low as $5.07. In the recent trading on the day, stock has struck highest price mark of $5.93 while lowest mark touched by it was $5.67.
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Taking a look at 20-day trading activity of Newmark Group Inc. (NMRK) gives us an average price of $5.78, while its current price level is -52.39% below from 52-week high level whereas it is 12.14% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $6.30 while that of 200 days or SMA-200 reads an average of $8.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.46% during that period while stretching the period over a month that increases to 4.72%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 42.06 which implies that the stock is in neutral territory.
Newmark Group Inc. (NMRK)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $5.50 and $8.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $5.50 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $8.00. Average price target assigned by them is $6.75 which highlights an upside potential of 15.85% for the stock over that period. And to attain the median price target of $6.75 assigned by those analysts, stock has to add about 15.85% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 1 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 0 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, NMRK’s stock price is moving -1.56% down while it is -5.96% when we observe its performance for the past one month. Year-to-date it is -28.73% down and over the past year, the stock is showing a downside performance of -47.50%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of $0.15 beat the consensus estimate of $0.15 for the same. The company is expected to be releasing its next quarterly report in 08/03/2023, for which analysts forecasted an EPS of $0.22 while estimate for next year EPS is $1.06. For NMRK, analysts are forecasting an EPS-growth rate of -28.90% for current year and estimate for EPS growth in next year is 29.20%. In next quarter, company is expected to be making quarterly sales of $643.43 million as analysts are expecting the sales for current fiscal year at $2.45 billion and seeing the company making $2.75 billion in sales next year. Moreover, analysts are in estimates of $569.2 million for current-quarter revenue.
Currently, Newmark Group Inc.’s total number of outstanding shares is 172.56M with 8.44% of that held by the insiders while 63.69% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.70%. It has a price to earnings ratio (P/E ratio) of 14.53 while having a 4.31 of forward P/E ratio. Stock’s beta reads 1.72. Stock has a price to book (P/B) ratio of 0.83 while price to sale or P/S ratio amounts to 0.39.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.16% in the Newmark Group Inc. (NMRK) decreasing its stake to 4.34% with control over 10476.0 shares in the company. In the most recent quarter, Vanguard Small Cap Index Fund came cutting its stake by -0.02% in the company and now holds 3.34 million or 2.19% of the company’s stake having worth of about 21.17 million.
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