As of Wednesday close, Equity Commonwealth’s (NYSE:EQC) stock was up $0.01, moving up 0.05 percent to $18.69. The average number of shares traded per day over the past five days has been 1,424,120 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.69 fall in that time frame. In the last twenty days, the average volume was 1,084,695, while in the previous 50 days, it was 922,510.
Since last month, EQC stock retreated -8.25%. Shares of the company fell to $18.47 on 08/15/23, the lowest level in the past month. A 52-week high of $22.89 was reached on 02/14/23 after having rallying from a 52-week low of $18.47. Since the beginning of this year, EQC’s stock price has dropped by -10.45% or -$6.28, and marked a new high 4 times. However, the stock has declined by -18.36% since its 52-week high.
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EQC stock investors should be aware that Equity Commonwealth (EQC) stock had its last reported insider trading activity 7 days ago on Aug 10. Shifrin Orrin S, the EVP, Gen. Counsel & Secretary of the company, disposed of 50,000 shares for $19.26 on Aug 10. It resulted in a $963,000 divestment by the insider. Shifrin Orrin S sold 50,000 shares at an average price of $26.95 on Sep 20. The insider now owns 184,345 shares following the transaction.
Valuation Metrics
Right now, Equity Commonwealth (EQC) has a P/E ratio of about 32.79. The stock’s beta is 0.30. Besides these, the trailing price-to-sales (P/S) ratio of 34.08, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 21.16 may also be considered.
The latest dividend of $4.25 per share was paid out, which is 325.0% more than last year’s $1.00.
Financial Health
On the profitability front, the trailing twelve-month gross margin is 55.40% percent. In the year ended September 29, operating margins totaled -34.70%. Based on annual data, EQC earned -$9.23 million in gross profit and brought in $63.14 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.40%. Return on equity (ROE) for the past 12 months was 2.60%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EQC’s revenue fell -14.39% to $15.58 million during the quarter, while net income inched up to $14.59 million. While analysts expected Equity Commonwealth to report -$0.03 quarterly earnings, the actual figure was -$0.04 per share, beating the consensus estimate by -33.30%. During the quarter, the company generated -$6.21 million in EBITDA. The value of shareholders’ equity is $109.73 million.
Technical Picture
This quick technical analysis looks at Equity Commonwealth’s (EQC) price momentum. With a historical volatility rate of 8.50%, the RSI 9-day stood at 15.80% on 16 August.
With respect to its five-day moving average, the current Equity Commonwealth price is down by -3.56% percent or -$0.69. At present, EQC shares trade -8.92% below its 20-day simple moving average and -5.94% percent below its 100-day simple moving average. However, the stock is currently trading approximately -9.27% below its SMA50 and -27.78% below its SMA200.
Stochastic coefficient K was 8.13% and Stochastic coefficient D was 5.25%, while ATR was 0.30. Given the Stochastic reading of 12.43% for the 14-day period, the RSI (14) reading has been calculated as 21.74%. As of today, the MACD Oscillator reading stands at -0.39, while the 14-day reading stands at -0.59.
Analyst Ratings
Equity Commonwealth downgraded its rating on Equity Commonwealth (NYSE: EQC) to an Underperform in a note to investors on October 04, 2021. The analysts firm previously had a Neutral rating on the stock.Equity Commonwealth (EQC) has been rated Underweight by analysts. According to 0 brokerage firms, EQC is a sell, and 1 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Equity Commonwealth stock as buy, with 0 recommending it as overweight.
With a median target price of $21.00, the current consensus forecast for the stock is $20.00 – $22.00. Based on these forecasts, analysts predict Equity Commonwealth (EQC) will achieve an average price target of $21.00.
