At the time of writing, Newmark Group Inc [NMRK] stock is trading at $15.10, down -0.13%. An important factor to consider is whether the stock is rising or falling in short-term value. The NMRK shares have gain 3.78% over the last week, with a monthly amount drifted -2.96%, and not 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 September 05, 2024, when Keefe Bruyette upgraded its rating to a Outperform and also boosted its price target to $16.50 from $13.50. Previously, Wolfe Research upgraded its rating to Outperform on August 16, 2024, and kept the price target unchanged to $15. On December 20, 2023, upgrade upgraded it’s rating to Overweight and revised its price target to $13 on the stock. Raymond James downgraded its rating to a Mkt Perform. Goldman downgraded its rating to a Sell but $8 remained the price target by the analyst firm on December 12, 2022. Piper Sandler downgraded its rating to Neutral for this stock on April 18, 2022, and downed its price target to $15. In a note dated April 05, 2022, Goldman initiated an Neutral rating and provided a target price of $18 on this stock.
For the past year, the stock price of Newmark Group Inc fluctuated between $5.25 and $16.10. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Newmark Group Inc [NASDAQ: NMRK] shares were valued at $15.10 at the most recent close of the market. An investor can expect a potential drop of -7.28% based on the average NMRK price forecast.
Analyzing the NMRK fundamentals
According to Newmark Group Inc [NASDAQ:NMRK], the company’s sales were 2.54B for trailing twelve months, which represents an 7.75% jump. 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 15.01 points at the first support level, and at 14.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.26, and for the 2nd resistance point, it is at 15.42.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.01, the price to book ratio is 2.16 and price to earnings (TTM) ratio is 59.12.
