A share price of Newmark Group Inc [NMRK] is currently trading at $13.93, up 1.02%. An important factor to consider is whether the stock is rising or falling in short-term value. The NMRK shares have gain 3.19% over the last week, with a monthly amount glided 20.82%, 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 August 16, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $15 for it. Previously, Piper Sandler upgraded its rating to Overweight on December 20, 2023, and elevated its price target to $13. On October 04, 2023, downgrade downgraded it’s rating to Mkt Perform. Goldman downgraded its rating to a Sell but stick to its price target of $8 on December 12, 2022. Piper Sandler downgraded its rating to a Neutral and reduced its price target to $15 on April 18, 2022. Goldman started tracking with a Neutral rating for this stock on April 05, 2022, and assigned it a price target of $18. In a note dated March 10, 2022, Wolfe Research downgraded an Peer Perform rating on this stock and revised its target price from $22 to $17.
Newmark Group Inc experienced fluctuations in its stock price throughout the past year between $5.09 and $13.98. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Newmark Group Inc [NASDAQ: NMRK] shares were valued at $13.93 at the most recent close of the market. An investor can expect a potential return of 0.5% based on the average NMRK price forecast.
Analyzing the NMRK fundamentals
Trailing Twelve Months sales for Newmark Group Inc [NASDAQ:NMRK] were 2.54B which represents 7.75% growth. Gross Profit Margin for this corporation currently stands at -202.96% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.36.
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 13.76 points at the first support level, and at 13.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.08, and for the 2nd resistance point, it is at 14.23.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.93, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 54.54.
