A share price of Newmark Group Inc [NMRK] is currently trading at $11.06, up 3.08%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NMRK shares have gain 3.56% over the last week, with a monthly amount glided 3.75%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Newmark Group Inc [NASDAQ: NMRK] stock has seen the most recent analyst activity on December 20, 2023, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $13 from $7. Previously, Raymond James downgraded its rating to Mkt Perform on October 04, 2023. On December 12, 2022, downgrade downgraded it’s rating to Sell but maintained its price target of $8 on the stock. Piper Sandler downgraded its rating to a Neutral and decreased its price target to $15 on April 18, 2022. Goldman initiated its recommendation with a Neutral and recommended $18 as its price target on April 05, 2022. Wolfe Research downgraded its rating to Peer Perform for this stock on March 10, 2022, and downed its price target to $17. In a note dated June 15, 2021, Wolfe Research initiated an Outperform rating and provided a target price of $22 on this stock.
Newmark Group Inc experienced fluctuations in its stock price throughout the past year between $5.07 and $11.35. Currently, Wall Street analysts expect the stock to reach $12.33 within the next 12 months. Newmark Group Inc [NASDAQ: NMRK] shares were valued at $11.06 at the most recent close of the market. An investor can expect a potential return of 11.48% based on the average NMRK price forecast.
Analyzing the NMRK fundamentals
Trailing Twelve Months sales for Newmark Group Inc [NASDAQ:NMRK] were 2.47B which represents 1.73% growth. Gross Profit Margin for this corporation currently stands at 211.08% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.91.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.61 points at the first support level, and at 10.15 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.37, and for the 2nd resistance point, it is at 11.67.
Newmark Group Inc [NMRK] reported earnings per share of $0.46 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.47/share, meaning a difference of -$0.01 and a surprise factor of -2.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.27 per share as compared to estimates of $0.26 per share, a difference of $0.01 representing a surprise of 3.80%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.77, the price to book ratio is 1.54 and price to earnings (TTM) ratio is 45.33.
