In the meantime, Goldman initiated its Newmark Group Inc [NMRK] rating to a Buy in a research note published on December 06, 2024; the price target was $19. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in late November from “an Outperform” to “a Peer perform”. Keefe Bruyette also remained covering NMRK and has increased its forecast on September 05, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Wolfe Research revised its rating on August 16, 2024. It rated NMRK as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of NMRK
On Tuesday, Newmark Group Inc [NASDAQ:NMRK] saw its stock fall -1.16% to $11.06. Over the last five days, the stock has gained 6.55%. Newmark Group Inc shares have fallen nearly -13.66% since the year began. Nevertheless, the stocks have risen 14.49% over the past one year. While a 52-week high of $16.10 was reached on 02/14/25, a 52-week low of $9.51 was recorded on 04/09/25. SMA at 50 days reached $12.29, while 200 days put it at $13.56.
Levels Of Support And Resistance For NMRK Stock
The 24-hour chart illustrates a support level at 10.95, which if violated will result in even more drops to 10.84. On the upside, there is a resistance level at 11.18. A further resistance level may holdings at 11.30. The Relative Strength Index (RSI) on the 14-day chart is 46.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.54%. Stochastics %K at 87.05% indicates the stock is a selling.
How much short interest is there in Newmark Group Inc?
A steep rise in short interest was recorded in Newmark Group Inc stocks on 2025-04-15, dropping by -0.57 million shares to a total of 4.51 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 5.09 million shares. There was a decline of -12.74%, which implies that there is a negative sentiment for the stock.
