Newmark Group Inc (NASDAQ: NMRK)’s stock price has gone decline by -3.19 in comparison to its previous close of 10.51, however, the company has experienced a -4.91% decrease in its stock price over the last five trading days. 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.
Is It Worth Investing in Newmark Group Inc (NASDAQ: NMRK) Right Now?
Newmark Group Inc (NASDAQ: NMRK) has a higher price-to-earnings ratio of 41.70x compared to its average ratio. NMRK has 36-month beta value of 1.99. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for NMRK is 139.65M, and currently, short sellers hold a 2.57% ratio of that float. The average trading volume of NMRK on April 11, 2024 was 1.05M shares.
NMRK’s Market Performance
The stock of Newmark Group Inc (NMRK) has seen a -4.91% decrease in the past week, with a -5.35% drop in the past month, and a 1.75% gain in the past quarter. The volatility ratio for the week is 3.22%, and the volatility levels for the past 30 days are at 3.23% for NMRK. The simple moving average for the past 20 days is -6.20% for NMRK’s stock, with a 22.02% 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 -4.53% 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 -11.60% of loss for the given period.
Volatility was left at 3.23%, however, over the last 30 days, the volatility rate increased by 3.22%, as shares sank -3.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.20% lower at present.
During the last 5 trading sessions, NMRK fell by -4.07%, which changed the moving average for the period of 200-days by +69.95% in comparison to the 20-day moving average, which settled at $10.83. In addition, Newmark Group Inc saw -7.16% 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 1.32. The receivables turnover for the company is 1.94for trailing twelve months and the total asset turnover is 0.54.
Conclusion
To put it simply, Newmark Group Inc (NMRK) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
