Equity Commonwealth (NYSE: EQC)’s stock price has decreased by -0.43 compared to its previous closing price of 18.53. However, the company has seen a -1.55% decrease in its stock price over the last five trading sessions. Business Wire reported 2024-03-28 that CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) announced today that the company will release its first quarter 2024 operating results on Wednesday, May 1, 2024, after the close of trading. A conference call to discuss those results will be held on Thursday, May 2, 2024, at 9:00 am Central Time. The conference call will be available via live audio webcast on the Investor Relations section of the company’s website (www.eqcre.com). A replay of the audio webcast will also be available fo.
Is It Worth Investing in Equity Commonwealth (NYSE: EQC) Right Now?
Equity Commonwealth (NYSE: EQC) has a higher price-to-earnings ratio of 24.40x compared to its average ratio, The 36-month beta value for EQC is at 0.25. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
The public float for EQC is 103.98M, and currently, shorts hold a 1.53% of that float. The average trading volume for EQC on April 19, 2024 was 945.82K shares.
EQC’s Market Performance
EQC stock saw a decrease of -1.55% in the past week, with a monthly decline of -2.69% and a quarterly a decrease of -4.99%. The volatility ratio for the week is 1.15%, and the volatility levels for the last 30 days are 1.14% for Equity Commonwealth (EQC). The simple moving average for the last 20 days is -1.61% for EQC stock, with a simple moving average of -3.27% for the last 200 days.
Analysts’ Opinion of EQC
Many brokerage firms have already submitted their reports for EQC stocks, with BofA Securities repeating the rating for EQC by listing it as a “Underperform.” The predicted price for EQC in the upcoming period, according to BofA Securities is $28 based on the research report published on October 04, 2021 of the previous year 2021.
BofA Securities, on the other hand, stated in their research note that they expect to see EQC reach a price target of $29, previously predicting the price at $32. The rating they have provided for EQC stocks is “Neutral” according to the report published on May 07th, 2021.
EQC Trading at -1.55% from the 50-Day Moving Average
After a stumble in the market that brought EQC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.13% of loss for the given period.
Volatility was left at 1.14%, however, over the last 30 days, the volatility rate increased by 1.15%, as shares sank -2.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.28% lower at present.
During the last 5 trading sessions, EQC fell by -1.55%, which changed the moving average for the period of 200-days by -9.78% in comparison to the 20-day moving average, which settled at $18.73. In addition, Equity Commonwealth saw -3.91% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at EQC starting from Levy Andrew, who sale 2,409 shares at the price of $18.71 back on Mar 06 ’24. After this action, Levy Andrew now owns 2,305 shares of Equity Commonwealth, valued at $45,072 using the latest closing price.
Shifrin Orrin S, the EVP, Gen. Counsel & Secretary of Equity Commonwealth, sale 50,000 shares at $19.26 during a trade that took place back on Aug 10 ’23, which means that Shifrin Orrin S is holding 158,466 shares at $963,000 based on the most recent closing price.
Stock Fundamentals for EQC
Current profitability levels for the company are sitting at:
- 0.55 for the present operating margin
- 0.55 for the gross margin
The net margin for Equity Commonwealth stands at 1.51. The total capital return value is set at 0.01. Equity return is now at value 3.51, with 3.45 for asset returns.
Currently, EBITDA for the company is -3.91 million with net debt to EBITDA at -93.07. When we switch over and look at the enterprise to sales, we see a ratio of -3.08. The receivables turnover for the company is 3.85for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Equity Commonwealth (EQC) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
