The stock of Newmark Group Inc (NMRK) has seen a 2.47% increase in the past week, with a 16.01% gain in the past month, and a 48.41% flourish in the past quarter. The volatility ratio for the week is 2.25%, and the volatility levels for the past 30 days are at 2.47% for NMRK. The simple moving average for the past 20 days is 6.83% for NMRK’s stock, with a 37.48% simple moving average for the past 200 days.
Is It Worth Investing in Newmark Group Inc (NASDAQ: NMRK) Right Now?
The price-to-earnings ratio for Newmark Group Inc (NASDAQ: NMRK) is above average at 58.46x. The 36-month beta value for NMRK is also noteworthy at 2.00. 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.”
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The public float for NMRK is 136.94M, and at present, short sellers hold a 2.55% of that float. The average trading volume of NMRK on September 19, 2024 was 1.20M shares.
NMRK) stock’s latest price update
Newmark Group Inc (NASDAQ: NMRK)’s stock price has decreased by 0.00 compared to its previous closing price of 14.93. However, the company has seen a 2.47% increase in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-09 that The Partnership is Between Blue Owl, Chirisa Technology Parks and PowerHouse Data Centers NEW YORK, Sept. 9, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark” or “the Company”), a leading commercial real estate advisor and service provider to large institutional investors, global corporations, and other owners and occupiers, announces it served as strategic advisor to Blue Owl Capital, Inc., Chirisa Technology Parks and PowerHouse Data Centers in a joint venture (“JV”) worth up to $5 billion to develop large-scale AI/ HPC data centers across the U.S. Newmark’s Co-President of Global Debt & Structured Finance Jordan Roeschlaub and Brent Mayo, who leads Newmark’s Data Center & Digital Infrastructure Capital Markets team, acted as strategic advisor for the JV.
Analysts’ Opinion of NMRK
Many brokerage firms have already submitted their reports for NMRK stocks, with Keefe Bruyette repeating the rating for NMRK by listing it as a “Outperform.” The predicted price for NMRK in the upcoming period, according to Keefe Bruyette is $16.50 based on the research report published on September 05, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see NMRK reach a price target of $15. The rating they have provided for NMRK stocks is “Outperform” according to the report published on August 16th, 2024.
Piper Sandler gave a rating of “Overweight” to NMRK, setting the target price at $13 in the report published on December 20th of the previous year.
NMRK Trading at 16.42% 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 -1.71% of loss for the given period.
Volatility was left at 2.47%, however, over the last 30 days, the volatility rate increased by 2.25%, as shares surge +16.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +46.37% upper at present.
During the last 5 trading sessions, NMRK rose by +2.47%, which changed the moving average for the period of 200-days by +81.41% in comparison to the 20-day moving average, which settled at $14.08. In addition, Newmark Group Inc saw 36.22% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NMRK
Current profitability levels for the company are sitting at:
- 0.05 for the present operating margin
- -202.96 for the gross margin
The net margin for Newmark Group Inc stands at 0.02. The total capital return value is set at 0.04. Equity return is now at value 3.68, with 0.92 for asset returns.
Based on Newmark Group Inc (NMRK), the company’s capital structure generated 0.58 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 1.36. The interest coverage ratio of the stock is 22.83.
Currently, EBITDA for the company is 277.21 million with net debt to EBITDA at 6.39. When we switch over and look at the enterprise to sales, we see a ratio of 1.74. The receivables turnover for the company is 1.9for trailing twelve months and the total asset turnover is 0.54.
Conclusion
In summary, Newmark Group Inc (NMRK) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
