Cushman & Wakefield plc (NYSE: CWK) is -10.09% lower on its value in year-to-date trading and has touched a low of $6.24 and a high of $12.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CWK stock was last observed hovering at around $9.86 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $9.71, the stock is -5.34% and -5.59% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.96 million and changing -1.52% at the moment leaves the stock 8.38% off its SMA200. CWK registered -24.61% loss for a year compared to 6-month gain of 4.18%. The firm has a 50-day simple moving average (SMA 50) of $0.53 and a 200-day simple moving average (SMA200) of $10.12.
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The stock witnessed a -6.36% loss in the last 1 month and extending the period to 3 months gives it a 13.17%, and is -1.22% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.76% over the week and 4.15% over the month.
Cushman & Wakefield plc (CWK) has around 52000 employees, a market worth around $2.21B and $9.49B in sales. Fwd P/E is 7.50. Profit margin for the company is -0.37%. Distance from 52-week low is 55.61% and -25.19% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.69%).
Cushman & Wakefield plc quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $2.23B over the same period.The EPS is expected to grow by 23.35% this year, but quarterly earnings will post 0.50% year-over-year. Quarterly sales are estimated to shrink -0.90% in year-over-year returns.
Cushman & Wakefield plc (CWK) Top Institutional Holders
308 institutions hold shares in Cushman & Wakefield plc (CWK), with institutional investors hold 98.65% of the company’s shares. The shares outstanding are 227.28M, and float is at 199.67M with Short Float at 7.12%. Institutions hold 91.57% of the Float.
The top institutional shareholder in the company is TPG GP A, LLC with over 34.83 million shares valued at $284.93 million. The investor’s holdings represent 15.33% of the CWK Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 25.91 million shares valued at $211.98 million to account for 11.41% of the shares outstanding. The other top investors are Blackrock Inc. which holds 21.47 million shares representing 9.45% and valued at over $175.66 million, while FMR, LLC holds 9.42% of the shares totaling 21.4 million with a market value of $175.03 million.
Cushman & Wakefield plc (CWK) Insider Activity
A total of 1 insider transactions have happened at Cushman & Wakefield plc (CWK) in the last six months, with sales accounting for 1 and purchases happening 0 times. The most recent transaction is an insider sale by TPG GP A, LLC,the company’s10% Owner. SEC filings show that TPG GP A, LLC sold 7,734,954 shares of the company’s common stock on Feb 29 at a price of $9.74 per share for a total of $75.34 million. Following the sale, the insider now owns 17.1 million shares.
Cushman & Wakefield plc disclosed in a document filed with the SEC on Feb 29 that Robinson Nathanielsold a total of 40,000 shares of the company’s common stock. The trade occurred on Feb 29 and was made at $9.99 per share for $0.4 million. Following the transaction, the insider now directly holds 40427.0 shares of the CWK stock.
Still, SEC filings show that on Dec 08, Robinson Nathaniel () disposed off 20,000 shares at an average price of $8.82 for $0.18 million. The insider now directly holds 29,459 shares of Cushman & Wakefield plc (CWK).
