Cushman & Wakefield plc (CWK): Keep paying attention to its insider activity


Cushman & Wakefield plc (NYSE:CWK) saw a downside of -1.55% to close Tuesday at $14.01 after subtracting -$0.22 on the day. The 5-day average trading volume is 1,422,660 shares of the company’s common stock. It has gained $14.36 in the past week and touched a new high 3 times within the past 5 days. An average of 1,623,915 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,663,310.

CWK’s 1-month performance is 19.54% or $1.93 on its low of $11.93 reached on 12/28/22. The company’s shares have touched a 52-week low of $10.04 and high of $23.54, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, CWK has achieved 12.44% or $1.55 and has reached a new high 7 times. However, the current price is down -40.48% from the 52-week high price.

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Insider Transactions

CWK stock investors last saw insider trading activity on Jun 13.Robinson Nathaniel () most recently sold 15,231 shares at $17.58 per share on Jun 03. This transaction cost the insider $267,761. 10% Owner, PAGAC Drone Holding GP I Ltd, sold 2,156,391 shares at a price of $18.39 on May 31. Then, on May 31, 10% Owner TPG GP A, LLC sold 2,920,717 shares at a price of $18.39 per share. This transaction amounted to $53,697,382.

Valuation Metrics

CWK stock has a beta of 1.34. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.30 while the price-to-book (PB) in the most recent quarter is 2.00, with the price to cash flow ratio at 80.97.

Cushman & Wakefield plc’s quick ratio for the period ended June 29 was 1.10, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 2.04, while the total debt to equity was 2.07.. In terms of profitability, the gross margin trailing 12 months is 20.50%. The firm’s gross profit as reported stood at $1.94 billion against revenue of $9.39 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -187.45% to $23.9 million, while revenue of $97.2 million was -306.69% off the previous quarter. Analysts expected CWK to announce $0.54 per share in earnings in its latest quarter, but it posted $0.63, representing a 16.70% surprise. EBITDA for the quarter stood at more than $170.9 million. CWK stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 6.04 billion, with total debt at $3.62 billion. Shareholders hold equity totaling $225.76 million.

Let’s look briefly at Cushman & Wakefield plc (CWK) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 24 January was 65.68% to suggest the stock is trending Neutral, with historical volatility in this time period at 29.32%.

The stock’s 5-day moving average is $13.94, reflecting a +2.26% or $0.31 change from its current price. CWK is currently trading +20.15% above its 20-day SMA, -7.16% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +35.10% and SMA200 by-28.81%.

Stochastic %K and %D was 89.19% and 88.25% and the average true range (ATR) pointed at 0.42. The RSI (14) points at 64.61%, while the 14-day stochastic is at 79.17% with the period’s ATR at 0.44. The stock’s 9-day MACD Oscillator is pointing at 0.23 and 0.54 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Cushman & Wakefield plc (NYSE: CWK), Goldman launched coverage with a Buy rating.

What is CWK’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $14.00 and a high of $28.00, with their median price target at $15.00. Looking at these predictions, the average price target given by analysts is for Cushman & Wakefield plc (CWK) stock is $18.32.


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