At the time of writing, Newmark Group Inc [NMRK] stock is trading at $14.56, down -0.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The NMRK shares have gain 5.58% over the last week, with a monthly amount glided 9.89%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Newmark Group Inc [NASDAQ: NMRK] stock has seen the most recent analyst activity on December 06, 2024, when Goldman initiated its Buy rating and assigned the stock a price target of $19. Previously, Wolfe Research downgraded its rating to Peer Perform on November 25, 2024. On September 05, 2024, upgrade upgraded it’s rating to Outperform and revised its price target to $16.50 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $15 on August 16, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $13 on December 20, 2023. Raymond James downgraded its rating to Mkt Perform for this stock on October 04, 2023. In a note dated December 12, 2022, Goldman downgraded an Sell rating on this stock but restated the target price of $8.
For the past year, the stock price of Newmark Group Inc fluctuated between $9.44 and $16.10. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Newmark Group Inc [NASDAQ: NMRK] shares were valued at $14.56 at the most recent close of the market. An investor can expect a potential return of 16.76% based on the average NMRK price forecast.
Analyzing the NMRK fundamentals
According to Newmark Group Inc [NASDAQ:NMRK], the company’s sales were 2.74B for trailing twelve months, which represents an 17.96% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.03%, 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 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.44.
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 14.23 points at the first support level, and at 13.91 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.77, and for the 2nd resistance point, it is at 14.98.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 2.09 and price to earnings (TTM) ratio is 54.03.
