Newmark Group Inc (NASDAQ: NMRK) is 5.70% higher on its value in year-to-date trading and has touched a low of $9.44 and a high of $16.10 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 $14.06 in the last trading session, with the day’s loss setting it -0.52%.
Currently trading at $13.54, the stock is -4.03% and -0.22% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -3.70% at the moment leaves the stock 1.81% off its SMA200. NMRK registered 23.09% gain for a year compared to 6-month gain of -1.81%.
The stock witnessed a -2.45% loss in the last 1 month and extending the period to 3 months gives it a -11.56%, and is -5.45% 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 3.57% over the week and 3.36% over the month.
Newmark Group Inc (NMRK) has around 7500 employees, a market worth around $2.44B and $2.73B in sales. Current P/E ratio is 38.71 and Fwd P/E is 8.22. Profit margin for the company is 2.24%. Distance from 52-week low is 43.43% and -15.90% from its 52-week high. The company has generated returns on investments over the last 12 months (2.57%).
with sales reaching $609.28M over the same period.The EPS is expected to grow by 17.24% this year, but quarterly earnings will post 10.48% year-over-year. Quarterly sales are estimated to grow 11.49% in year-over-year returns.
The shares outstanding are 149.51M, and float is at 141.50M with Short Float at 3.56%.
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 2.5135 of the shares totaling 4.36 million with a market value of $44.6 million.
