After finishing at $10.67 in the prior trading day, Newmark Group Inc (NASDAQ: NMRK) closed at $10.83, up 1.50%. In other words, the price has increased by $+0.19 from its previous closing price. On the day, 995403 shares were traded. NMRK stock price reached its highest trading level at $10.89 during the session, while it also had its lowest trading level at $10.73.
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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 1.87B and an Enterprise Value of 3.46B. As of this moment, Newmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.39, and their Forward P/E ratio for the next fiscal year is 8.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 1.50. Its current Enterprise Value per Revenue stands at 1.40 whereas that against EBITDA is 11.86.
Stock Price History:
Over the past 52 weeks, NMRK has reached a high of $11.35, while it has fallen to a 52-week low of $5.07. The 50-Day Moving Average of the stock is 10.38, while the 200-Day Moving Average is calculated to be 7.78.
Shares Statistics:
The stock has traded on average 1.10M shares per day over the past 3-months and 1.48M 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 139.66M. Insiders hold about 19.12% of the company’s shares, while institutions hold 58.95% stake in the company. Shares short for NMRK as of Feb 15, 2024 were 3.74M with a Short Ratio of 3.39, compared to 3.25M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.17% and a Short% of Float of 3.14%.
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 1.13%, it implies a Forward Annual Dividend Yield of 1.11%. The stock’s 5-year Average Dividend Yield is 2.37.
