Cushman & Wakefield plc (NYSE:CWK) shares, rose in value, with the stock price up by 3.78% to the previous day’s close as strong demand from buyers drove the stock to $10.70.
Actively observing the price movement in the last trading, the stock closed the session at $10.31. Referring to stock’s 52-week performance, its high was $11.76, and the low was $6.24. On the whole, CWK has fluctuated by 9.18% over the past month.
As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be -$0.03, which is expected to increase to $0.27 for fiscal year $0.97 and then to about $1.23 by fiscal year 2025. Data indicates that the EPS growth is expected to be 15.50% in 2025, while the next year’s EPS growth is forecast to be 26.80%.
Analysts have estimated the company’s revenue for the quarter at $2.16 billion, with a low estimate of $1.98 billion and a high estimate of $2.26 billion. According to the average forecast, sales growth in current quarter could jump down -4.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $9.59 billion, representing an increase of 1.00% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that CWK’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CWK currently trading nearly 7.35% and 5.43% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 62.43, while the 7-day volatility ratio is showing 4.16% which for the 30-day chart, stands at 3.21%. Furthermore, Cushman & Wakefield plc (CWK)’s beta value is 1.33, and its average true range (ATR) is 0.38.
A comparison of Cushman & Wakefield plc (CWK) with its peers suggests the former has fared considerably weaker in the market. CWK showed an intraday change of 3.78% in last session, and over the past year, it grew by 6.15%%.
Data on historical trading for Cushman & Wakefield plc (NYSE:CWK) indicates that the trading volumes over the past 10 days have averaged 1.96 million and over the past 3 months, they’ve averaged 2.14 million. According to company’s latest data on outstanding shares, there are 227.28 million shares outstanding.
Nearly 8.77% of Cushman & Wakefield plc’s shares belong to company insiders and institutional investors own 85.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.83 million shares as on Mar 15, 2024, resulting in a short ratio of 4.7. According to the data, the short interest in Cushman & Wakefield plc (CWK) stood at 5.64% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.22 million. The stock has fallen by -0.93% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CWK stock heading into the next quarter.
