As of Friday close, Cushman & Wakefield plc’s (NYSE:CWK) stock was up $0.17, moving up 2.30 percent to $7.55. The average number of shares traded per day over the past five days has been 2,748,200 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.72 fall in that time frame. In the last twenty days, the average volume was 2,288,430, while in the previous 50 days, it was 2,245,536.
Since last month, CWK stock retreated -16.30%. Shares of the company fell to $7.37 on 09/22/23, the lowest level in the past month. A 52-week high of $15.63 was reached on 02/02/23 after having rallying from a 52-week low of $7.16. Since the beginning of this year, CWK’s stock price has dropped by -39.41% or -$4.91, and marked a new high 10 times. However, the stock has declined by -51.70% since its 52-week high.
CWK stock investors should be aware that Cushman & Wakefield plc (CWK) stock had its last reported insider trading activity 107 days ago on Jun 08. PAGAC Drone Holding GP I Ltd, the 10% Owner of the company, disposed of 3,000,000 shares for $8.62 on Jun 08. It resulted in a $25,875,000 divestment by the insider. McLean Jodie W. sold 15,000 shares at an average price of $7.84 on Jun 01. The insider now owns 33,176 shares following the transaction.
Valuation Metrics
The stock’s beta is 1.39. Besides these, the trailing price-to-sales (P/S) ratio of 0.17, the price-to-book (PB) ratio of 1.06, and the price-to-cash flow ratio of 104.70 may also be considered.
Financial Health
In the three months ended June 29, Cushman & Wakefield plc’s quick ratio stood at 1.20, while its current ratio was 1.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.99, and the total debt-to-equity ratio was 2.01. On the profitability front, the trailing twelve-month gross margin is 17.50% percent. In the year ended June 29, operating margins totaled 2.70%. Based on annual data, CWK earned $1.95 billion in gross profit and brought in $10.11 billion 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 8.00%. Return on equity (ROE) for the past 12 months was -1.10%.
In Cushman & Wakefield plc’s quarter-end financial report for June 29, it reported total debt of $3.23 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CWK’s revenue fell -8.59% to $2.25 billion during the quarter, while net income inched up to $2.41 billion. While analysts expected Cushman & Wakefield plc to report $0.17 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by 29.40%. During the quarter, the company generated $117.7 million in EBITDA. The liabilities of Cushman & Wakefield plc were 6.02 billion at the end of its most recent quarter ended June 29, and its total debt was $3.59 billion. The value of shareholders’ equity is $227.15 million.
Technical Picture
This quick technical analysis looks at Cushman & Wakefield plc’s (CWK) price momentum. With a historical volatility rate of 52.92%, the RSI 9-day stood at 24.78% on 22 September.
With respect to its five-day moving average, the current Cushman & Wakefield plc price is down by -8.71% percent or -$0.72. At present, CWK shares trade -17.12% below its 20-day simple moving average and -22.96% percent below its 100-day simple moving average. However, the stock is currently trading approximately -21.35% below its SMA50 and -38.42% below its SMA200.
Stochastic coefficient K was 4.49% and Stochastic coefficient D was 6.88%, while ATR was 0.35. Given the Stochastic reading of 9.84% for the 14-day period, the RSI (14) reading has been calculated as 28.70%. As of today, the MACD Oscillator reading stands at -0.44, while the 14-day reading stands at -0.73.
Analyst Ratings
Cushman & Wakefield plc downgraded its rating on Cushman & Wakefield plc (NYSE: CWK) to a Neutral in a note to investors on April 17, 2023. The analysts firm previously had a Buy rating on the stock.Cushman & Wakefield plc (CWK) has been rated Overweight by analysts. According to 0 brokerage firms, CWK is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Cushman & Wakefield plc stock as buy, with 4 recommending it as overweight.
With a median target price of $11.00, the current consensus forecast for the stock is $10.50 – $18.00. Based on these forecasts, analysts predict Cushman & Wakefield plc (CWK) will achieve an average price target of $12.40.
