Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
After finishing at $10.99 in the prior trading day, Newmark Group Inc (NASDAQ: NMRK) closed at $10.79, down -1.82%. In other words, the price has decreased by -$1.82 from its previous closing price. On the day, 1.26 million shares were traded. NMRK stock price reached its highest trading level at $11.12 during the session, while it also had its lowest trading level at $10.77.
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 1.66 whereas as Long-Term Debt/Eq ratio is at 0.95.
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 this company, Goldman on December 06, 2024, initiated with a Buy rating and assigned the stock a target price of $19.
Keefe Bruyette Upgraded its Mkt Perform to Outperform on September 05, 2024, whereas the target price for the stock was revised from $13.50 to $16.50.
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 2764063488 and an Enterprise Value of 3840197120. As of this moment, Newmark’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.85, and their Forward P/E ratio for the next fiscal year is 6.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.14. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 1.53. Its current Enterprise Value per Revenue stands at 1.344 whereas that against EBITDA is 11.555.
Stock Price History:
The Beta on a monthly basis for NMRK is 1.98, which has changed by 0.08008003 over the last 52 weeks, in comparison to a change of 0.092895746 over the same period for the S&P500. Over the past 52 weeks, NMRK has reached a high of $16.10, while it has fallen to a 52-week low of $9.51. The 50-Day Moving Average of the stock is -11.13%, while the 200-Day Moving Average is calculated to be -20.38%.
Shares Statistics:
The stock has traded on average 1.10M shares per day over the past 3-months and 1286870 shares per day over the last 10 days, according to various share statistics. A total of 149.51M shares are outstanding, with a floating share count of 141.44M. Insiders hold about 21.62% of the company’s shares, while institutions hold 59.42% stake in the company. Shares short for NMRK as of 1744675200 were 4512843 with a Short Ratio of 4.10, compared to 1741910400 on 5087723. Therefore, it implies a Short% of Shares Outstanding of 4512843 and a Short% of Float of 6.12.
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 0.010919018The stock’s 5-year Average Dividend Yield is 1.49.
Earnings Estimates
Newmark Group Inc (NMRK) is presently subject to a detailed evaluation by 4.0 analysts, each offering their unique perspectives on its market standing.The consensus estimate for the next quarter is $0.36, with high estimates of $0.39 and low estimates of $0.32.
Analysts are recommending an EPS of between $1.47 and $1.29 for the fiscal current year, implying an average EPS of $1.41. EPS for the following year is $1.67, with 5.0 analysts recommending between $1.73 and $1.56.
Revenue Estimates
4 analysts predict $689.77M in revenue for the current quarter. It ranges from a high estimate of $708.27M to a low estimate of $668.4M. As of the current estimate, Newmark Group Inc’s year-ago sales were $633.38MFor the next quarter, 4 analysts are estimating revenue of $746.44M. There is a high estimate of $782.8M for the next quarter, whereas the lowest estimate is $713.9M.
A total of 4 analysts have provided revenue estimates for NMRK’s current fiscal year. The highest revenue estimate was $3.06B, while the lowest revenue estimate was $2.92B, resulting in an average revenue estimate of $3.01B. In the same quarter a year ago, actual revenue was $2.75BBased on 4 analysts’ estimates, the company’s revenue will be $3.29B in the next fiscal year. The high estimate is $3.38B and the low estimate is $3.2B.
