Newmark Group Inc (NASDAQ: NMRK) has a price-to-earnings ratio of 44.47x that is above its average ratio. Additionally, the 36-month beta value for NMRK is 1.98. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 2 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for NMRK is 139.65M and currently, short sellers hold a 2.87% ratio of that float. The average trading volume of NMRK on April 05, 2024 was 1.08M shares.
NMRK) stock’s latest price update
Newmark Group Inc (NASDAQ: NMRK)’s stock price has increased by 1.40 compared to its previous closing price of 10.70. However, the company has seen a -2.16% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that Despite constrained credit availability, elevated debt costs and market caution, Zacks Real Estate Operations industry players like BEKE and NMRK gain attention for the growing trend of outsourcing real estate services and other emerging industry trends.
NMRK’s Market Performance
Newmark Group Inc (NMRK) has experienced a -2.16% fall in stock performance for the past week, with a 1.69% rise in the past month, and a 5.65% rise in the past quarter. The volatility ratio for the week is 3.46%, and the volatility levels for the past 30 days are at 3.45% for NMRK. The simple moving average for the past 20 days is 0.27% for NMRK’s stock, with a 31.65% simple moving average for the past 200 days.
Analysts’ Opinion of NMRK
Many brokerage firms have already submitted their reports for NMRK stocks, with Piper Sandler repeating the rating for NMRK by listing it as a “Overweight.” The predicted price for NMRK in the upcoming period, according to Piper Sandler is $13 based on the research report published on December 20, 2023 of the previous year 2023.
Goldman gave a rating of “Sell” to NMRK, setting the target price at $8 in the report published on December 12th of the previous year.
NMRK Trading at 2.23% from the 50-Day Moving Average
After a stumble in the market that brought NMRK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.73% of loss for the given period.
Volatility was left at 3.45%, however, over the last 30 days, the volatility rate increased by 3.46%, as shares surge +0.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.23% upper at present.
During the last 5 trading sessions, NMRK fell by -2.30%, which changed the moving average for the period of 200-days by +79.09% in comparison to the 20-day moving average, which settled at $10.82. In addition, Newmark Group Inc saw -1.00% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for NMRK
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- 211.08 for the gross margin
The net margin for Newmark Group Inc stands at 0.01. The total capital return value is set at 0.04. Equity return is now at value 3.45, with 0.99 for asset returns.
Based on Newmark Group Inc (NMRK), the company’s capital structure generated 0.48 points at debt to capital in total, while cash flow to debt ratio is standing at -0.23. The debt to equity ratio resting at 0.91. The interest coverage ratio of the stock is 5.76.
Currently, EBITDA for the company is 277.21 million with net debt to EBITDA at 5.14. When we switch over and look at the enterprise to sales, we see a ratio of 1.36. The receivables turnover for the company is 1.94for trailing twelve months and the total asset turnover is 0.54.
Conclusion
In conclusion, Newmark Group Inc (NMRK) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
