NMRK Stock Summary and Trading Ideas (Newmark Group - Class A | NASDAQ:NMRK)

Newmark Group Inc is a commercial real estate advisory firm. It offers services, including leasing and corporate advisory services, investment sales, commercial mortgage brokerage, appraisal and valuation, project management, and property, among others. Newmark offers a diverse array of integrated services and products designed to meet the full needs of both real estate investors/owners and occupiers. The company provides real estate strategic consulting and systems integration services to CFI's clients including many Fortune and Forbes companies, owner-occupiers, government agencies, healthcare, and higher education clients.

Newmark Group - Class A trades on the NASDAQ stock market under the symbol NMRK.

As of April 19, 2024, NMRK stock price declined to $9.57 with 567,231 million shares trading.

NMRK has a beta of 2.65, meaning it tends to be more sensitive to market movements. NMRK has a correlation of 0.32 to the broad based SPY ETF.

NMRK has a market cap of $1.65 billion. This is considered a Small Cap stock.

Last quarter Newmark Group - Class A reported $747 million in Revenue and $.46 earnings per share. This beat revenue expectation by $4 million and missed earnings estimates by -$.01.

In the last 3 years, NMRK stock traded as high as $19.10 and as low as $5.07.

The top ETF exchange traded funds that NMRK belongs to (by Net Assets): VNQ, VTI, VB, IWM, VBR.

NMRK has outperformed the market in the last year with a return of +50.9%, while the SPY ETF gained +21.2%. However, in the most recent history, NMRK shares have underperformed the stock market with its stock returning -1.4% in the last 3 month period and -12.6% for the last 2 week period, while SPY has returned +3.0% and -4.5%, respectively.

NMRK support price is $9.38 and resistance is $9.90 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NMRK stock will trade within this expected range on the day.