Newmark Group Inc (NASDAQ: NMRK) kicked off on Tuesday, down -0.62% from the previous trading day, before settling in for the closing price of $12.87. Over the past 52 weeks, NMRK has traded in a range of $5.09-$13.25.
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During the last 5-year period, the sales growth of Real Estate Sector giant was 6.26%. While this was happening, its average annual earnings per share was recorded 7.38%. With a float of $139.38 million, this company’s outstanding shares have now reached $152.64 million.
Let’s determine the extent of company efficiency that accounts for 7000 employees. In terms of profitability, gross margin is -20295.86%, operating margin of 5.0%, and the pretax margin is 4.22%.
Newmark Group Inc (NMRK) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Real Estate Services Industry. The insider ownership of Newmark Group Inc is 19.20%, while institutional ownership is 57.94%.
Newmark Group Inc (NMRK) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.27 earnings per share (EPS), higher than consensus estimate (set at 0.26) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.38% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 10.00% during the next five years compared to -17.83% drop over the previous five years of trading.
Newmark Group Inc (NASDAQ: NMRK) Trading Performance Indicators
Take a look at Newmark Group Inc’s (NMRK) current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.87. Likewise, its price to free cash flow for the trailing twelve months is 8.23.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.26, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.39 in one year’s time.
Technical Analysis of Newmark Group Inc (NMRK)
Looking closely at Newmark Group Inc (NASDAQ: NMRK), its last 5-days average volume was 0.93 million, which is a drop from its year-to-date volume of 1.06 million. As of the previous 9 days, the stock’s Stochastic %D was 86.46%. Additionally, its Average True Range was 0.45.
During the past 100 days, Newmark Group Inc’s (NMRK) raw stochastic average was set at 87.93%, which indicates a significant increase from 83.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.84% in the past 14 days, which was higher than the 34.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.31, while its 200-day Moving Average is $10.24. However, in the short run, Newmark Group Inc’s stock first resistance to watch stands at $12.91. Second resistance stands at $13.02. The third major resistance level sits at $13.11. If the price goes on to break the first support level at $12.70, it is likely to go to the next support level at $12.61. Should the price break the second support level, the third support level stands at $12.50.
Newmark Group Inc (NASDAQ: NMRK) Key Stats
The company with the Market Capitalisation of 2.21 billion has total of 172,493K Shares Outstanding. Its annual sales at the moment are 2,470 M in contrast with the sum of 42,580 K annual income. Company’s last quarter sales were recorded 633,380 K and last quarter income was 14,280 K.
