Equity Commonwealth (NYSE:EQC) went up by 0.78% during the previous trading session, and it is maintaining the win ahead of Tuesday’s trading session. The share price of the REIT – Office giant went up by $32.20 to trade ended Tuesday trading at $31.95. This is up from the $31.95 price recorded on Monday’s trading session. Thanks to this latest performance, EQC is closer to the higher price 52-week target of $40.00 and further from the lowest price target of $33.00. Its performance from the start of the year has also been negative, with EQC down by -1.92% year-to-date.
Equity Commonwealth (EQC) started the day trading at $32.02 and recorded an intraday high of $32.28. It also recorded an intraday low of $31.925 during Tuesday’s trading session. Equity Commonwealth is a very active stock that recorded a trading volume that is less than -5.25% of the average daily trading volume on Tuesday. The stock’s trading volume on Tuesday was 945193, which is less than -5.25 of the total average daily trading volume of 994.81K.
Equity Commonwealth (NYSE:EQC) 2020 Performance Impressive
The increase in EQC’s stock price on Tuesday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of EQC currently stands at $35.08, which is higher than the current trading price of the stock by 8.21%. However, EQC’s current trading price is -16.58% lower than the 52-week low price of $27.62. In terms of trading volume, Equity Commonwealth currently experienced healthy participation during the last trading session. 945193 shares of Equity Commonwealth were traded on the stock exchange on Tuesday, which is less than -5.25% of the 994.81K average trading volume of the stock.
The performance of the stock has been positive over the past year. EQC’s performance over the past one year has seen it surge by 10.47%, while the stock has gone down by -1.86% in the last six months. The quarterly performance of EQC currently stands at 1.55%, and it is down by -2.84% in the last month. The only positive figure was from the weekly performance, which currently reads 2.52%. At the time of writing EQC’s report, the company has a total market cap of $3.97B, making it one of the largest publicly-traded companies in the world.Equity Commonwealth also has over 28 employees all over the world.
EQC Insider Activities
For Equity Commonwealth, insiders hold 97.60% of all company shares. The insider transactions over the past six months are up by 33.60%. During that period, insiders bought 300,866 shares in 18 transactions. In that same period, insiders sold 82,669 of their shares in 4 transactions. After these transactions, insiders at Equity Commonwealth now hold 2.02M shares, which is over 101.38% of the total company stocks. Institutional investors currently hold a large chunk of the EQC shares, as they control 1.67% of the company’s total stock.
EQC Fundamental Analysis
For Equity Commonwealth, the stock’s diluted earnings per share (EPS) stands at 5.54. In the coming year, analysts expect the EPS to be 0.18. The EPS growth will slow down over the next five years to -2.00% after surging by 81.60% in the previous five years. In terms of revenue, Equity Commonwealth’s quarterly sales (YOY) is growing at 0.05, which is lower than the average annual revenue of 81.60% over the past half a decade.
The Return on Investment (ROI) on Equity Commonwealth’s stock currently stands at 0.20%. The operating margin of the company is -2.40%, and its gross margin is 62.40%.
EQC Analysts Prediction
Another analyst that has a Buy rating for EQC is Stifel, which set a price target of between $31 and $32. RBC Capital Mkts reiterate their Sector Perform position on the stock ($28 and $32)
At the moment, Equity Commonwealth’s Total Debt to Equity ratio stands at 0.01, and they have a long-term Debt to Equity ratio of 0.01.
EQC Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of EQC currently stands at -1.48%, while the SMA50 is -2.74%. The biggest one is the SMA200, which is currently reading -0.07% ahead of Tuesday’s trading session. The Relative Strength Index of this stock is 45.38, while its price to earnings ratio (P/E) is 5.82.
