After finishing at $10.51 in the prior trading day, Newmark Group Inc (NASDAQ: NMRK) closed at $10.37, down -1.33%. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 963059 shares were traded. NMRK stock price reached its highest trading level at $10.60 during the session, while it also had its lowest trading level at $10.15.
Ratios:
Our goal is to gain a better understanding of NMRK by taking a closer look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 1.38 whereas as Long-Term Debt/Eq ratio is at 0.90.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Piper Sandler on December 20, 2023, Upgraded its rating to Overweight and sets its target price to $13 from $7 previously.
Goldman Downgraded its Neutral to Sell on December 12, 2022, while the target price for the stock was maintained at $8.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NMRK now has a Market Capitalization of 1.79B and an Enterprise Value of 3.37B. As of this moment, Newmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 42.50, and their Forward P/E ratio for the next fiscal year is 7.86. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.25. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.73 while its Price-to-Book (P/B) ratio in mrq is 1.44. Its current Enterprise Value per Revenue stands at 1.37 whereas that against EBITDA is 11.57.
Stock Price History:
Over the past 52 weeks, NMRK has reached a high of $11.51, while it has fallen to a 52-week low of $5.07. The 50-Day Moving Average of the stock is 10.66, while the 200-Day Moving Average is calculated to be 8.36.
Shares Statistics:
The stock has traded on average 1.05M shares per day over the past 3-months and 949.44k shares per day over the last 10 days, according to various share statistics. A total of 152.64M shares are outstanding, with a floating share count of 139.65M. Insiders hold about 19.12% of the company’s shares, while institutions hold 58.97% stake in the company. Shares short for NMRK as of Mar 15, 2024 were 4M with a Short Ratio of 3.42, compared to 3.74M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.32% and a Short% of Float of 3.36%.
Dividends & Splits
In the trailing 12 months, NMRK’s forward annual dividend rate was 0.12, compared to 0.12 this year. Against a Trailing Annual Dividend Yield of 1.14%, it implies a Forward Annual Dividend Yield of 1.08%. The stock’s 5-year Average Dividend Yield is 2.37.
Earnings Estimates
Its stock is currently analyzed by 3 different market analysts. On average, analysts expect EPS of $0.17 for the current quarter, with a high estimate of $0.21 and a low estimate of $0.15, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.19, with high estimates of $0.21 and low estimates of $0.16.
Analysts are recommending an EPS of between $1.16 and $0.97 for the fiscal current year, implying an average EPS of $1.09. EPS for the following year is $1.32, with 4 analysts recommending between $1.42 and $1.25.
Revenue Estimates
3 analysts predict $523.73M in revenue for the current quarter. It ranges from a high estimate of $563M to a low estimate of $455.3M. As of the current estimate, Newmark Group Inc’s year-ago sales were $520.8M, an estimated increase of 0.60% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for NMRK’s current fiscal year. The highest revenue estimate was $2.62B, while the lowest revenue estimate was $2.48B, resulting in an average revenue estimate of $2.57B. In the same quarter a year ago, actual revenue was $2.47B, up 3.80% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $2.9B in the next fiscal year. The high estimate is $3.18B and the low estimate is $2.73B. The average revenue growth estimate for next year is up 12.90% from the average revenue estimate for this year.
