The stock of Newmark Group Inc (NMRK) has seen a 6.24% increase in the past week, with a 4.12% gain in the past month, and a 24.17% flourish in the past quarter. The volatility ratio for the week is 2.31%, and the volatility levels for the past 30 days are at 3.32% for NMRK. The simple moving average for the last 20 days is 4.28% for NMRK stock, with a simple moving average of 31.21% for the last 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 52.06x, Company’s 36-month beta value is 1.97.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 3.19% ratio of that floaft. The average trading volume of NMRK on November 14, 2024 was 1.37M shares.
NMRK) stock’s latest price update
The stock of Newmark Group Inc (NASDAQ: NMRK) has increased by 1.49 when compared to last closing price of 15.44. Despite this, the company has experienced a 6.24% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-13 that PARIS, Nov. 13, 2024 /PRNewswire/ — Newmark announces the firm has advised Unibail-Rodamco-Westfield (URW) in the €172.5 million sale of the 140,846 square-foot (13,085 square-meter) office portion of Les Ateliers Gaîté, a mixed-use property in the prominent Montparnasse district of Paris. Newmark Deputy Chief Business Officer Emmanuel Frénot arranged the transaction between URW and buyers Swiss Life Asset Managers and Norges Bank Investment Management.
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 4.36% 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 -2.67% of loss for the given period.
Volatility was left at 3.32%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +3.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.49% upper at present.
During the last 5 trading sessions, NMRK rose by +6.24%, which changed the moving average for the period of 200-days by +50.82% in comparison to the 20-day moving average, which settled at $15.03. In addition, Newmark Group Inc saw 42.97% 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
- -197.52 for the gross margin
The net margin for Newmark Group Inc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 4.38, with 1.11 for asset returns.
Based on Newmark Group Inc (NMRK), the company’s capital structure generated 0.34 points at debt to capital in total, while cash flow to debt ratio is standing at -0.25. The debt to equity ratio resting at 0.52. The interest coverage ratio of the stock is -15.57.
Currently, EBITDA for the company is 277.21 million with net debt to EBITDA at 2.25. When we switch over and look at the enterprise to sales, we see a ratio of 1.24. The receivables turnover for the company is 4.83for trailing twelve months and the total asset turnover is 0.52.
Conclusion
In a nutshell, Newmark Group Inc (NMRK) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
