Equity Commonwealth (NYSE: EQC) is -9.04% lower on its value in year-to-date trading and has touched a low of $1.26 and a high of $1.88 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 EQC stock was last observed hovering at around $1.59 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $1.61, the stock is 0.50% and -2.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.22 million and changing 1.26% at the moment leaves the stock 7.97% off its SMA200. EQC registered 25.82% gain for a year compared to 6-month gain of 19.64%. The firm has a 50-day simple moving average (SMA 50) of $1.6512 and a 200-day simple moving average (SMA200) of $12.3468.
The stock witnessed a -0.62% loss in the last 1 month and extending the period to 3 months gives it a -12.50%, and is 1.26% 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 1.26% over the week and 1.35% over the month.
Current P/E ratio is 4.18. Profit margin for the company is 71.75%. Distance from 52-week low is 28.21% and -14.59% from its 52-week high. The company has generated returns on investments over the last 12 months (1.74%).
224.0 institutions hold shares in Equity Commonwealth (EQC), with institutional investors hold 93.43% of the company’s shares. The shares outstanding are 107.33M, and float is at 101.40M with Short Float at 1.62%. Institutions hold 91.36% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.14 million shares valued at $313.19 million. The investor’s holdings represent 15.0572 of the EQC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.14 million shares valued at $216.15 million to account for 10.3726 of the shares outstanding. The other top investors are SEGALL BRYANT & HAMILL, LLC which holds 3.79 million shares representing 3.5304 and valued at over $73.57 million, while BURGUNDY ASSET MANAGEMENT LTD. holds 3.4537 of the shares totaling 3.71 million with a market value of $71.97 million.
