Newmark Group Inc (NASDAQ: NMRK) is -19.75% lower on its value in year-to-date trading and has touched a low of $9.64 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 $11.39 in the last trading session, with the day’s loss setting it -1.11%.
Currently trading at $10.28, the stock is -8.76% and -10.13% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.62 million and changing -9.75% at the moment leaves the stock -23.77% off its SMA200. NMRK registered -8.38% loss for a year compared to 6-month loss of -32.06%. The firm has a 50-day simple moving average (SMA 50) of $11.4388 and a 200-day simple moving average (SMA200) of $13.48525.
The stock witnessed a -0.96% gain in the last 1 month and extending the period to 3 months gives it a -28.76%, and is -12.14% 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 3.80% over the week and 3.77% over the month.
Newmark Group Inc (NMRK) has around 7500 employees, a market worth around $1.90B and $2.84B in sales. Current P/E ratio is 26.15 and Fwd P/E is 6.05. Profit margin for the company is 2.42%. Distance from 52-week low is 6.64% and -36.15% from its 52-week high. The company has generated returns on investments over the last 12 months (2.64%).
with sales reaching $691.28M over the same period.The EPS is expected to grow by 16.42% this year, but quarterly earnings will post 10.93% year-over-year. Quarterly sales are estimated to grow 9.14% in year-over-year returns.
393.0 institutions hold shares in Newmark Group Inc (NMRK), with institutional investors hold 78.64% of the company’s shares. The shares outstanding are 161.92M, and float is at 145.08M with Short Float at 2.99%. Institutions hold 66.51% 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 3.8544 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.
