Newmark Group Inc (NASDAQ: NMRK) is -7.57% lower 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 make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NMRK stock was last observed hovering at around $12.70 in the last trading session, with the day’s loss setting it -0.86%.
Currently trading at $11.84, the stock is -14.27% and -12.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -6.77% at the moment leaves the stock -11.29% off its SMA200. NMRK registered 11.38% gain for a year compared to 6-month loss of -19.07%. The firm has a 50-day simple moving average (SMA 50) of $13.5246 and a 200-day simple moving average (SMA200) of $13.3467.
The stock witnessed a -14.08% gain in the last 1 month and extending the period to 3 months gives it a -22.11%, and is -12.56% 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 5.43% over the week and 4.02% over the month.
Newmark Group Inc (NMRK) has around 7500 employees, a market worth around $2.14B and $2.73B in sales. Current P/E ratio is 33.85 and Fwd P/E is 7.18. Profit margin for the company is 2.24%. Distance from 52-week low is 25.42% and -26.46% from its 52-week high. The company has generated returns on investments over the last 12 months (2.57%).
The EPS is expected to grow by 17.24% this year
363.0 institutions hold shares in Newmark Group Inc (NMRK), with institutional investors hold 81.51% of the company’s shares. The shares outstanding are 149.51M, and float is at 141.50M with Short Float at 3.34%. Institutions hold 68.62% 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 2.5135 of the shares totaling 4.36 million with a market value of $44.6 million.
