Stagwell Inc (NASDAQ: STGW) is 10.56% higher on its value in year-to-date trading and has touched a low of $4.25 and a high of $7.50 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 STGW stock was last observed hovering at around $7.12 in the last trading session, with the day’s gains setting it 0.21%.
Currently trading at $7.33, the stock is 10.83% and 6.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing 2.95% at the moment leaves the stock 11.83% off its SMA200. STGW registered 59.35% gain for a year compared to 6-month gain of 6.08%. The firm has a 50-day simple moving average (SMA 50) of $6.8826 and a 200-day simple moving average (SMA200) of $6.5513.
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The stock witnessed a 2.52% loss in the last 1 month and extending the period to 3 months gives it a 16.91%, and is 18.04% 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 4.96% over the week and 3.86% over the month.
Stagwell Inc (STGW) has around 10250 employees, a market worth around $1.93B and $2.61B in sales. Fwd P/E is 8.64. Profit margin for the company is -0.09%. Distance from 52-week low is 72.47% and -2.27% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.12%).
The EPS is expected to grow by 32.08% this year
201.0 institutions hold shares in Stagwell Inc (STGW), with institutional investors hold 99.94% of the company’s shares. The shares outstanding are 118.47M, and float is at 106.76M with Short Float at 3.96%. Institutions hold 95.78% of the Float.
The top institutional shareholder in the company is HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC with over 19.81 million shares valued at $135.09 million. The investor’s holdings represent 17.5858 of the STGW Shares outstanding. As of 2024-06-30, the second largest holder is GOLDMAN SACHS GROUP INC with 12.86 million shares valued at $87.69 million to account for 11.4153 of the shares outstanding. The other top investors are MADISON AVENUE PARTNERS, LP which holds 7.15 million shares representing 6.346 and valued at over $48.75 million, while BLACKROCK INC. holds 6.0731 of the shares totaling 6.84 million with a market value of $46.65 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).
