Newmark Group Inc (NMRK) concluded trading on Thursday at a closing price of $15.90, with 2.81 million shares of worth about $44.61 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 43.50% during that period and on September 26, 2024 the price saw a gain of about 1.92%. Currently the company’s common shares owned by public are about 152.64M shares, out of which, 136.94M shares are available for trading.
Stock saw a price change of 3.58% in past 5 days and over the past one month there was a price change of 17.78%. Year-to-date (YTD), NMRK shares are showing a performance of 45.07% which increased to 149.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $5.09 but also hit the highest price of $15.78 during that period. The average intraday trading volume for Newmark Group Inc shares is 1.26 million. The stock is currently trading 9.02% above its 20-day simple moving average (SMA20), while that difference is up 19.29% for SMA50 and it goes to 43.66% higher than SMA200.
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Newmark Group Inc (NASDAQ: NMRK) currently have 152.64M outstanding shares and institutions hold larger chunk of about 58.81% of that.
The stock has a current market capitalization of $2.70B and its 3Y-monthly beta is at 2.01. PE ratio of stock for trailing 12 months is 62.26, while it has posted earnings per share of $0.26 in the same period. Its PEG reads 6.23 while making debt-to-equity ratio of 1.79. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NMRK, volatility over the week remained 2.13% while standing at 2.50% over the month.
Stock’s fiscal year EPS is expected to rise by 7.62% while it is estimated to increase by 22.57% in next year. EPS is likely to grow at an annualized rate of 10.00% for next 5-years, compared to annual growth of -17.83% 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 Keefe Bruyette on September 05, 2024 offering an Outperform rating for the stock and assigned a target price range of between $13.50 and $16.50 to it. Coverage by Wolfe Research stated Newmark Group Inc (NMRK) stock as an Outperform in their note to investors on August 16, 2024, suggesting a price target of $15 for the stock. Stock get a Sell rating from Goldman on December 12, 2022.
