The price of Cushman & Wakefield plc (NYSE: CWK) closed at $7.82 in the last session, down -4.05% from day before closing price of $8.15. In other words, the price has decreased by -$0.33 from its previous closing price. On the day, 1546656 shares were traded. CWK stock price reached its highest trading level at $8.07 during the session, while it also had its lowest trading level at $7.73.
Top 5 EV Tech Stocks to Buy for 2023
According a new report published by BloombergNEF on investment in the energy transition, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now.
Click Here to Download the FREE Report.
We take a closer look at CWK’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.20 and its Current Ratio is at 1.20. In the meantime, Its Debt-to-Equity ratio is 1.96 whereas as Long-Term Debt/Eq ratio is at 1.93.
Upgrades & Downgrades
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 13 when MACKAY MICHELLE bought 3,500 shares for $14.64 per share. The transaction valued at 51,240 led to the insider holds 50,760 shares of the business.
Robinson Nathaniel sold 15,231 shares of CWK for $267,761 on Jun 03. The insider now owns 22,580 shares after completing the transaction at $17.58 per share. On May 31, another insider, TPG GP A, LLC, who serves as the 10% Owner of the company, sold 2,920,717 shares for $18.39 each. As a result, the insider received 53,697,382 and left with 34,832,955 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CWK now has a Market Capitalization of 1.81B and an Enterprise Value of 4.95B. As of this moment, Cushman’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.08, and their Forward P/E ratio for the next fiscal year is 4.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.91. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.18 while its Price-to-Book (P/B) ratio in mrq is 1.06. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is 7.53.
Stock Price History:
Over the past 52 weeks, CWK has reached a high of $19.15, while it has fallen to a 52-week low of $7.16. The 50-Day Moving Average of the stock is 9.26, while the 200-Day Moving Average is calculated to be 12.05.
According to the various share statistics, CWK traded on average about 2.56M shares per day over the past 3-months and 2.46M shares per day over the past 10 days. A total of 225.70M shares are outstanding, with a floating share count of 162.97M. Insiders hold about 0.10% of the company’s shares, while institutions hold 85.50% stake in the company. Shares short for CWK as of May 14, 2023 were 21.16M with a Short Ratio of 19.06M, compared to 18.04M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.32% and a Short% of Float of 20.05%.
The company has 5 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.37 and a low estimate of $0.12, while EPS last year was $0.63. The consensus estimate for the next quarter is $0.37, with high estimates of $0.45 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.2 and $0.88 for the fiscal current year, implying an average EPS of $1.03. EPS for the following year is $1.59, with 5 analysts recommending between $1.85 and $1.36.
According to 3 analysts, the current quarter’s revenue is expected to be $1.9B. It ranges from a high estimate of $2.42B to a low estimate of $1.64B. As of the current estimate, Cushman & Wakefield plc’s year-ago sales were $1.92B, an estimated decrease of -0.80% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $2B, an increase of 13.30% over than the figure of -$0.80% in the same quarter last year. There is a high estimate of $2.58B for the next quarter, whereas the lowest estimate is $1.62B.
A total of 3 analysts have provided revenue estimates for CWK’s current fiscal year. The highest revenue estimate was $10.09B, while the lowest revenue estimate was $6.63B, resulting in an average revenue estimate of $7.89B. In the same quarter a year ago, actual revenue was $10.11B, down -22.00% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $8.47B in the next fiscal year. The high estimate is $10.79B and the low estimate is $7.18B. The average revenue growth estimate for next year is up 7.40% from the average revenue estimate for this year.