The stock price of Equity Commonwealth (NYSE: EQC) has surged by 0.57 when compared to previous closing price of 1.74, but the company has seen a 4.17% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-12-01 that U.S. equity markets climbed to fresh record-highs while benchmark interest rates dipped sharply, as investors parsed inflation data and deliberated the potential implementation and impacts of Trump Administration policies. Markets cheered the nomination of Scott Bessent for US Treasury Secretary, reflecting expectations that the implementation of hawkish trade and immigration policies would consider the impacts on U.S. financial markets. Extending its post-election gains to around 6%, the S&P 500 advanced another 1.2% this week. The Small-Cap 600 gained 1.1% this week – lifting its post-election gains to over 10%.
Is It Worth Investing in Equity Commonwealth (NYSE: EQC) Right Now?
Equity Commonwealth (NYSE: EQC) has a higher price-to-earnings ratio of 4.55x compared to its average ratio. EQC has 36-month beta value of 0.24. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for EQC is 101.09M, and currently, short sellers hold a 5.95% ratio of that float. The average trading volume of EQC on December 26, 2024 was 30.78M shares.
EQC’s Market Performance
The stock of Equity Commonwealth (EQC) has seen a 4.17% increase in the past week, with a 27.65% rise in the past month, and a 30.11% gain in the past quarter. The volatility ratio for the week is 3.90%, and the volatility levels for the past 30 days are at 3.40% for EQC. The simple moving average for the last 20 days is 12.17% for EQC stock, with a simple moving average of 29.17% for the last 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 21.56% 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 -1.69% of loss for the given period.
Volatility was left at 3.40%, however, over the last 30 days, the volatility rate increased by 3.90%, as shares sank -91.30% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -91.16% lower at present.
During the last 5 trading sessions, EQC rose by +4.17%, which changed the moving average for the period of 200-days by -90.68% in comparison to the 20-day moving average, which settled at $9.1070. In addition, Equity Commonwealth saw 33.70% 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 -34.87. The receivables turnover for the company is 7.26for trailing twelve months and the total asset turnover is 0.02.
Conclusion
To put it simply, Equity Commonwealth (EQC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
