Stagwell Inc (NASDAQ: STGW) is -2.87% lower on its value in year-to-date trading and has touched a low of $3.83 and a high of $7.25 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 STGW stock was last observed hovering at around $6.45 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $6.44, the stock is -1.31% and -3.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing -0.16% at the moment leaves the stock 4.38% off its SMA200. STGW registered 18.82% gain for a year compared to 6-month gain of -3.59%.
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The stock witnessed a -7.87% loss in the last 1 month and extending the period to 3 months gives it a -5.85%, and is 2.88% up 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 3.62% over the week and 4.76% over the month.
Stagwell Inc (STGW) has around 10250 employees, a market worth around $758.18M and $2.61B in sales. Fwd P/E is 7.55. Profit margin for the company is -0.09%. Distance from 52-week low is 68.37% and -11.17% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.12%).
Stagwell Inc quarterly earnings per share for the current quarter are estimated at 0.22 with sales reaching $697.68M over the same period.The EPS is expected to grow by 32.83% this year, but quarterly earnings will post 10.10% year-over-year.
193.0 institutions hold shares in Stagwell Inc (STGW), with institutional investors hold 100.44% of the company’s shares. The shares outstanding are 118.47M, and float is at 112.54M with Short Float at 4.98%. Institutions hold 96.27% of the Float.
The top institutional shareholder in the company is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with over 20.15 million shares valued at $$125.36 million. The investor’s holdings represent 17.1874 of the STGW Shares outstanding. As of 2024-03-31, the second largest holder is GOLDMAN SACHS GROUP INC with 16.85 million shares valued at $$104.84 million to account for 14.374 of the shares outstanding. The other top investors are MADISON AVENUE PARTNERS, LP which holds 7.15 million shares representing 6.0956 and valued at over $$44.46 million, while BLACKROCK INC. holds 5.4223 of the shares totaling 6.36 million with a market value of $$39.55 million.
Stagwell Inc (STGW) Insider Activity
The most recent transaction is an insider sale by Gross Bradley J., the company’s Director. SEC filings show that Gross Bradley J. sold 4,000,000 shares of the company’s common stock on Jun 13 ’24 at a price of $6.34 per share for a total of $25.36 million. Following the sale, the insider now owns 12.98 million shares.
Stagwell Inc disclosed in a document filed with the SEC on Jun 13 ’24 that GOLDMAN SACHS GROUP INC (10% Owner) sold a total of 4,000,000 shares of the company’s common stock. The trade occurred on Jun 13 ’24 and was made at $6.34 per share for $25.36 million. Following the transaction, the insider now directly holds 12.98 million shares of the STGW stock.
Still, SEC filings show that on Feb 29 ’24, Penn Mark Jeffery (Chief Executive Officer) acquired 10,000 shares at an average price of $5.28 for $52759.0. The insider now directly holds 2,490,469 shares of Stagwell Inc (STGW).
