What should you know before buying stock in Newmark Group Inc (NMRK)

Newmark Group Inc (NASDAQ: NMRK) is 38.87% higher on its value in year-to-date trading and has touched a low of $5.09 and a high of $15.35 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NMRK stock was last observed hovering at around $15.35 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $15.22, the stock is 7.18% and 16.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.97 million and changing -0.85% at the moment leaves the stock 39.28% off its SMA200. NMRK registered 124.82% gain for a year compared to 6-month gain of 34.33%.

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The stock witnessed a 17.26% loss in the last 1 month and extending the period to 3 months gives it a 50.84%, and is 2.15% 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 2.50% over the week and 2.53% over the month.

Newmark Group Inc (NMRK) has around 7000 employees, a market worth around $2.59B and $2.54B in sales. Current P/E ratio is 59.59 and Fwd P/E is 10.99. Profit margin for the company is 1.75%. Distance from 52-week low is 199.31% and -0.85% from its 52-week high. The company has generated returns on investments over the last 12 months (1.79%).

with sales reaching $681.27M over the same period.The EPS is expected to grow by 7.62% this year, but quarterly earnings will post 6.20% year-over-year. Quarterly sales are estimated to grow 12.40% in year-over-year returns.

Newmark Group Inc (NMRK) Top Institutional Holders

320.0 institutions hold shares in Newmark Group Inc (NMRK), with institutional investors hold 79.05% of the company’s shares. The shares outstanding are 152.64M, and float is at 136.94M with Short Float at 2.55%. Institutions hold 68.70% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 20.27 million shares valued at $207.36 million. The investor’s holdings represent 11.5975% of the NMRK Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 10.46 million shares valued at $107.04 million to account for 5.9866 of the shares outstanding. The other top investors are DIMENSIONAL FUND ADVISORS LP which holds 6.69 million shares representing 3.8256% and valued at over $68.4 million, while EMPYREAN CAPITAL PARTNERS, LP holds 2.4947 of the shares totaling 4.36 million with a market value of $44.6 million.