Cushman & Wakefield plc (CWK) concluded trading on Wednesday at a closing price of $10.00, with 5.64 million shares of worth about $56.44 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 12.49% during that period and on Wednesday the price saw a loss of about -10.23%. Currently the company’s common shares owned by public are about 227.28M shares, out of which, 199.94M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 60 times over the past 12 months. They bought 642,503 shares in 33 of the transactions. In 27 selling transactions, insiders dumped 16,307,771 shares.
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However, the stock later moved at a day high price of 11.27, or with a loss of -10.23%. Stock saw a price change of -2.25% in past 5 days and over the past one month there was a price change of -2.15%. Year-to-date (YTD), CWK shares are showing a performance of -7.41% which decreased to -28.57% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.24 but also hit the highest price of $13.92 during that period. The average intraday trading volume for Cushman & Wakefield plc shares is 2.34 million. The stock is currently trading -4.65% below its 20-day simple moving average (SMA20), while that difference is down -2.49% for SMA50 and it goes to 12.78% higher than SMA200.
Cushman & Wakefield plc (NYSE: CWK) currently have 227.28M outstanding shares and institutions hold larger chunk of about 85.43% of that.
The stock has a current market capitalization of $2.27B and its 3Y-monthly beta is at 1.37. It has posted earnings per share of -$0.16 in the same period. It has a debt-to-equity ratio of 2.13. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CWK, volatility over the week remained 6.50% while standing at 4.37% over the month.
Analysts are in expectations that Cushman & Wakefield plc (CWK) stock would likely to be making an EPS of $0.06 in the current quarter, while forecast for next quarter EPS is $0.22 and it is $1.29 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.01 which is $0.09 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.04 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 24.10% while it is estimated to increase by 23.45% in next year. EPS is likely to shrink at an annualized rate of 10.00% for next 5-years, compared to annual growth of 31.81% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wolfe Research on December 08, 2023 offering an Outperform rating for the stock and assigned a target price of $12 to it. Coverage by UBS stated Cushman & Wakefield plc (CWK) stock as a Neutral in their note to investors on April 17, 2023, suggesting a price target of $10 for the stock. Stock get a Buy rating from Goldman on April 05, 2022.
