The stock price of Equity Commonwealth (NYSE: EQC) has jumped by 0.30 compared to previous close of 20.08. Despite this, the company has seen a gain of 0.25% in its stock price over the last five trading days. businesswire.com reported 2024-11-15 that CHICAGO–(BUSINESS WIRE)–Equity Commonwealth (NYSE: EQC) (the “Company”) announced today that its Board of Trustees has authorized an initial cash liquidating distribution of $19.00 per common share (the “Initial Liquidating Distribution”) which will be paid on December 6, 2024 to shareholders of record on November 25, 2024. The Company is also updating the estimated aggregate shareholder liquidating distribution range of $19.50 to $21.00 per common share disclosed in its definitive proxy stat.
Is It Worth Investing in Equity Commonwealth (NYSE: EQC) Right Now?
Equity Commonwealth (NYSE: EQC) has a price-to-earnings ratio of 52.31x that is above its average ratio. Additionally, the 36-month beta value for EQC is 0.27. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for EQC is 104.60M and currently, short sellers hold a 1.33% ratio of that float. The average trading volume of EQC on November 19, 2024 was 1.58M shares.
EQC’s Market Performance
EQC’s stock has seen a 0.25% increase for the week, with a 1.56% rise in the past month and a -0.89% fall in the past quarter. The volatility ratio for the week is 0.96%, and the volatility levels for the past 30 days are at 0.87% for Equity Commonwealth. The simple moving average for the past 20 days is 1.04% for EQC’s stock, with a 3.71% simple moving average for the past 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 1.07% 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 -4.10% of loss for the given period.
Volatility was left at 0.87%, however, over the last 30 days, the volatility rate increased by 0.96%, as shares surge +1.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.69% lower at present.
During the last 5 trading sessions, EQC rose by +0.25%, which changed the moving average for the period of 200-days by +6.39% in comparison to the 20-day moving average, which settled at $19.93. In addition, Equity Commonwealth saw 4.90% 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
- 0.33 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 -1.09. The receivables turnover for the company is 7.26for trailing twelve months and the total asset turnover is 0.02.
Conclusion
In conclusion, Equity Commonwealth (EQC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
