Newmark Group Inc (NMRK) concluded trading on Thursday at a closing price of $14.90, with 3.47 million shares of worth about $51.65 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 54.56% during that period and on October 17, 2024 the price saw a loss of about -1.32%. Currently the company’s common shares owned by public are about 152.64M shares, out of which, 136.95M shares are available for trading.
Stock saw a price change of 4.49% in past 5 days and over the past one month there was a price change of -0.20%. Year-to-date (YTD), NMRK shares are showing a performance of 35.95% which increased to 155.14% 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 $16.10 during that period. The average intraday trading volume for Newmark Group Inc shares is 1.41 million. The stock is currently trading -1.86% below its 20-day simple moving average (SMA20), while that difference is up 4.46% for SMA50 and it goes to 29.90% 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 58.92% of that.
The stock has a current market capitalization of $2.53B and its 3Y-monthly beta is at 2.01. PE ratio of stock for trailing 12 months is 58.34, while it has posted earnings per share of $0.26 in the same period. Its PEG reads 5.83 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 2.36% while standing at 2.70% 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.
