Newmark Group Inc. [NASDAQ:NMRK] shares are showing an active tape with a current price of $4.62 on Thursday.
Newmark Group Inc. is in the Real Estate sector under the Real Estate Services industry. This week, we are watching the stock hit price per sales of 0.38 with an earning per share of 0.42.
For the year, the stock is trading -65.66% and the five-day change stands at 12.96%. As a point of reference, the S&P 500 is trading 0.53% YTD.
The Price is right
Holding a Market Cap of $802.68 million, Newmark Group Inc. has seen a trading range over the last year of $2.49-$13.85.
For the last five days, NMRK is up from its last closing price. The average shares trading hands each day is 1.00M.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for NMRK. When we apply the Elder Force Index to Newmark Group Inc., we are seeing an Elder Force Indicator number of 428074.5.
Recent Performance
The recent performance of the stock is another area that can tell traders how to proceed. NMRK is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 3.92.
In the last quarter, NMRK made a profit of 10.79 million. Newmark Group Inc. also saw quarter revenue growth year over year of 8.02%.
Technical Analysis
Looking at popular technical indicators, the company’s 5-day moving average is 4.35 compared to the 50-day moving average of 0.77%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. NMRK currently holds a 9-day RSI of 65.48%, while 100-day RSI stands at 46.65%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. NMRK’s 9-day MACD is 0.17 and the company’s 100-day MACD stands at -0.04.
Inside Moves
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 4.75% by insiders and 68.35% by institutions. Regarding institutional holdings, Vanguard Group, Inc. (The) owns 13.78%, while the second top holder, Blackrock Inc., currently owns 6.74%.
Conclusion
Overall, the recommended rating for NMRK is Hold. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is 0.45. Quarterly revenue estimates are averaging 358.35M with the high estimate reaching 400.8M and the low at 281.9M.
To review, the current 1-year target estimate is sitting at 6.00, while the current price 4.62. Based on this, we expect the stock to rise considering the aforementioned fundamentals.
