Newmark Group Inc (NASDAQ: NMRK) has experienced a rise in its stock price by 1.71 compared to its previous closing price of 14.65. However, the company has seen a fall of -0.07% in its stock price over the last five trading days. prnewswire.com reported 2024-11-05 that Sale Marks Largest Miami Hotel Transaction This Year NEW YORK, Nov. 5, 2024 /PRNewswire/ — Newmark announces the more than $400 million sale of the 20-story oceanfront W Hotel South Beach in Miami, Florida. Newmark was an advisor to the seller, Tricap1.
Is It Worth Investing in Newmark Group Inc (NASDAQ: NMRK) Right Now?
Newmark Group Inc (NASDAQ: NMRK) has a price-to-earnings ratio that is above its average at 58.34x. The stock has a 36-month beta value of 1.99. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for NMRK is 136.90M, and at present, short sellers hold a 3.56% of that float. On November 06, 2024, the average trading volume of NMRK was 1.36M shares.
NMRK’s Market Performance
NMRK’s stock has seen a -0.07% decrease for the week, with a 1.71% rise in the past month and a 26.27% gain in the past quarter. The volatility ratio for the week is 4.98%, and the volatility levels for the past 30 days are at 3.10% for Newmark Group Inc. The simple moving average for the past 20 days is 0.44% for NMRK’s stock, with a 26.37% simple moving average for the past 200 days.
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 0.62% 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 -7.45% of loss for the given period.
Volatility was left at 3.10%, however, over the last 30 days, the volatility rate increased by 4.98%, as shares surge +1.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.21% upper at present.
During the last 5 trading sessions, NMRK fell by -0.07%, which changed the moving average for the period of 200-days by +44.24% in comparison to the 20-day moving average, which settled at $14.83. In addition, Newmark Group Inc saw 35.95% 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
To sum up, Newmark Group Inc (NMRK) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
