Newmark Group Inc (NASDAQ:NMRK) shares, rose in value, with the stock price up by 1.04% to the previous day’s close as strong demand from buyers drove the stock to $9.76.
Actively observing the price movement in the last trading, the stock closed the session at $9.66. The PE ratio was 40.00 over 12-month period. Referring to stock’s 52-week performance, its high was $11.51, and the low was $5.07. On the whole, NMRK has fluctuated by -11.91% over the past month.
The company’s Forward Dividend Ratio is 0.12, with its dividend yield at 1.23%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.57B, with a low estimate of 455.3M and a high estimate of 570M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 526.07M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NMRK’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 4.00, with the price of NMRK currently trading nearly -4.84% and -7.56% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.59, while the 7-day volatility ratio is showing 2.95% which for the 30-day chart, stands at 3.25%. Furthermore, Newmark Group Inc (NMRK)’s beta value is 2.00, and its average true range (ATR) is 0.34.
A comparison of Newmark Group Inc (NMRK) with its peers suggests the former has fared considerably weaker in the market. NMRK showed an intraday change of 1.04% in last session, and over the past year, it grew by 64.31%%.
Data on historical trading for Newmark Group Inc (NASDAQ:NMRK) indicates that the trading volumes over the past 3 months, they’ve averaged 1.04 million. According to company’s latest data on outstanding shares, there are 152.64 million shares outstanding.
Nearly 19.12% of Newmark Group Inc’s shares belong to company insiders and institutional investors own 58.79% of the company’s shares. The stock has fallen by -10.95% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NMRK stock heading into the next quarter.
