Newmark Group Inc (NASDAQ: NMRK) is -15.77% lower on its value in year-to-date trading and has touched a low of $9.51 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 $10.99 in the last trading session, with the day’s loss setting it -0.2%.
Currently trading at $10.79, the stock is 0.78% and -11.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.26 million and changing -1.82% at the moment leaves the stock -20.38% off its SMA200. NMRK registered 9.88% gain for a year compared to 6-month loss of -28.54%. The firm has a 50-day simple moving average (SMA 50) of $12.141 and a 200-day simple moving average (SMA200) of $13.55145.
The stock witnessed a -10.90% gain in the last 1 month and extending the period to 3 months gives it a -23.42%, and is -3.66% 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 3.64% over the week and 6.23% over the month.
Newmark Group Inc (NMRK) has around 7500 employees, a market worth around $1.95B and $2.73B in sales. Current P/E ratio is 30.85 and Fwd P/E is 6.41. Profit margin for the company is 2.24%. Distance from 52-week low is 13.46% and -32.98% 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 15.93% this year
370.0 institutions hold shares in Newmark Group Inc (NMRK), with institutional investors hold 80.76% of the company’s shares. The shares outstanding are 149.51M, and float is at 141.44M with Short Float at 3.19%. Institutions hold 67.98% 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 11.6848 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 6.0317 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.
