The stock of Equity Commonwealth (EQC) has gone up by 0.55% for the week, with a 1.36% rise in the past month and a -0.99% drop in the past quarter. The volatility ratio for the week is 0.96%, and the volatility levels for the past 30 days are 0.78% for EQC. The simple moving average for the past 20 days is 0.86% for EQC’s stock, with a 3.45% simple moving average for the past 200 days.
Is It Worth Investing in Equity Commonwealth (NYSE: EQC) Right Now?
Equity Commonwealth (NYSE: EQC) has a price-to-earnings ratio that is above its average at 52.13x. The stock has a 36-month beta value of 0.27. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 1 as “overweight,” 2 as “hold,” and 0 as “sell.”
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The public float for EQC is 104.69M, and at present, short sellers hold a 1.32% of that float. On November 13, 2024, the average trading volume of EQC was 1.08M shares.
EQC) stock’s latest price update
The stock price of Equity Commonwealth (NYSE: EQC) has plunged by -0.10 when compared to previous closing price of 20.09, but the company has seen a 0.55% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-12 that Equity Commonwealth is liquidating, with a final distribution value range of $19.5 – $21 per share, expected to delist in Q2 2025. The company has sold most assets, with a significant write-down on Texas properties, reflecting broader office REIT market trends. The remaining Denver property is valued at $153 million (likely to be written down on sale), contributing to a total cash value of around $2.25 billion, an insufficient 4% upside.
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 0.61% 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 -4.43% of loss for the given period.
Volatility was left at 0.78%, however, over the last 30 days, the volatility rate increased by 0.96%, as shares surge +1.36% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.74% lower at present.
During the last 5 trading sessions, EQC rose by +0.55%, which changed the moving average for the period of 200-days by +3.67% in comparison to the 20-day moving average, which settled at $19.90. In addition, Equity Commonwealth saw 4.53% in overturn over a single year, with a tendency to cut further gains.
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.
Stock Fundamentals for EQC
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.4 for the gross margin
The net margin for Equity Commonwealth stands at 0.85. The total capital return value is set at 0.0. Equity return is now at value 2.10, with 2.06 for asset returns.
Currently, EBITDA for the company is -3.91 million with net debt to EBITDA at 1716.94. When we switch over and look at the enterprise to sales, we see a ratio of -1.21. The receivables turnover for the company is 7.26for trailing twelve months and the total asset turnover is 0.02.
Conclusion
To sum up, Equity Commonwealth (EQC) 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.
