With 2.25 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.37 million shares. During the session, the Real Estate Services company that operates in wider Real Estate sector, reached to the highest price of $15.415 whereas the lowest price it dropped to was $14.34. The 52-week range on NMRK shows that it touched its highest point at $16.10 and its lowest point at $6.64 during that stretch. It currently has a 1-year price target of $17.00. With its current market cap of 2.51 billion, NMRK has annualized dividend of $0.12 while the current yield stands at 0.81%. Beta for the stock currently stands at 1.99.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NMRK was down-trending over the past week, with a drop of -1.93%, but this was up by 0.75% over a month. Three-month performance surged to 19.82% while six-month performance rose 46.77%. The stock gained 106.01% in the past year, while it has gained 34.58% so far this year. A look at the trailing 12-month EPS for NMRK yields 0.30 with Next year EPS estimates of 1.38. For the next quarter, that number is 0.46. This implies an EPS growth rate of 7.38% for this year and 21.95% for next year. EPS is expected to grow by 10.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -17.83%.
Float and Shares Shorts:
At present, 152.64 million NMRK shares are outstanding with a float of 136.90 million shares on hand for trading. On 2024-10-15, short shares totaled 4.87 million, which was 286.0 higher than short shares on 1726185600. In addition to Mr. Howard W. Lutnick as the firm’s Executive Chairman & PEO, Mr. Barry M. Gosin serves as its Chief Executive Officer.
Institutional Ownership:
Through their ownership of 0.68706 of NMRK’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, NMRK reported revenue of $633375000.0 and operating income of $35082000.0. The EBITDA in the recently reported quarter was $81598000.0 and diluted EPS was $0.08.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NMRK since 2 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NMRK analysts setting a high price target of 19.0 and a low target of 17.0, the average target price over the next 12 months is 17.67. Based on these targets, NMRK could surge 28.81% to reach the target high and rise by 15.25% to reach the target low. Reaching the average price target will result in a growth of 19.8% from current levels.
Analysts have provided yearly estimates in a range of $1.1373 being high and $1.1177 being low. For NMRK, this leads to a yearly average estimate of $1.1275. The surprise factor in the prior quarter was $0.21. Based on analyst estimates, the high estimate for the next quarter is $0.22 and the low estimate is $0.16. The average estimate for the next quarter is thus $0.19.
