The stock price of Newmark Group Inc (NASDAQ: NMRK) has jumped by 1.51 compared to previous close of 15.19. Despite this, the company has seen a fall of -1.34% in its stock price over the last five trading days. prnewswire.com reported 2024-11-21 that NEW YORK, Nov. 21, 2024 /PRNewswire/ — Newmark Group, Inc. (Nasdaq: NMRK) (“Newmark”) Executive Chairman Howard W. Lutnick provided the following statement: “I am deeply honored to have been nominated by President Donald J.
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 51.23x. The 36-month beta value for NMRK is also noteworthy at 1.97. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 2 rating it as “overweight,” 2 rating it as “hold,” and 0 rating it as “sell.”
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The public float for NMRK is 138.27M, and at present, short sellers hold a 3.51% of that float. The average trading volume of NMRK on December 06, 2024 was 1.36M shares.
NMRK’s Market Performance
The stock of Newmark Group Inc (NMRK) has seen a -1.34% decrease in the past week, with a 3.49% rise in the past month, and a 9.91% gain in the past quarter. The volatility ratio for the week is 2.22%, and the volatility levels for the past 30 days are at 3.22% for NMRK. The simple moving average for the past 20 days is 0.46% for NMRK’s stock, with a 25.25% simple moving average for the past 200 days.
Analysts’ Opinion of NMRK
Keefe Bruyette, on the other hand, stated in their research note that they expect to see NMRK reach a price target of $16.50, previously predicting the price at $13.50. The rating they have provided for NMRK stocks is “Outperform” according to the report published on September 05th, 2024.
Wolfe Research gave a rating of “Outperform” to NMRK, setting the target price at $15 in the report published on August 16th of the current year.
NMRK Trading at 1.86% 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 -4.22% of loss for the given period.
Volatility was left at 3.22%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares surge +4.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.15% lower at present.
During the last 5 trading sessions, NMRK fell by -1.34%, which changed the moving average for the period of 200-days by +48.41% in comparison to the 20-day moving average, which settled at $15.35. In addition, Newmark Group Inc saw 40.69% 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
- 1.0 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 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at -0.11. The debt to equity ratio resting at 1.5. The interest coverage ratio of the stock is 5.94.
Currently, EBITDA for the company is 291.56 million with net debt to EBITDA at 7.11. When we switch over and look at the enterprise to sales, we see a ratio of 1.86. The receivables turnover for the company is 4.81for trailing twelve months and the total asset turnover is 0.52.
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.
