Equity Commonwealth (NYSE:EQC) finished Wednesday with a subtraction of -$0.06 to close at $18.44, a downside of -0.32 percent. An average of 1,440,880 shares of common stock have been traded in the last five days. There was a fall of -$0.22 in the past week, and it reached a new high 17 times over the past 12 months. The last 20 days have seen an average of 951,235 shares traded, while the 50-day average volume stands at 973,272.
EQC stock has decreased by -2.59% in the last month. The company shares reached their 1-month lowest point of $18.37 on 09/22/23. With the stock rallying to its 52-week high on 02/14/23, shares of the company touched a low of $18.37 and a high of $22.89 in 52 weeks. It has reached a new high 4 times so far this year and lost -11.65% or -$6.53 in price. In spite of this, the price is down -19.45% from the 52-week high.
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Insider Transactions
EQC stock investors should be aware that Equity Commonwealth (EQC) stock had its last reported insider trading activity 49 days ago on Aug 10.
Valuation Metrics
Equity Commonwealth (EQC) has a trailing price-to-earnings (P/E) ratio of 32.34. The stock’s beta is 0.29. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 33.13, the price-to-book (PB) ratio at 0.89, and the price-to-cash flow ratio at 20.58.
Financial Health
Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at -$9.23 million compared to revenue of $63.14 million.
Earnings Surprise
In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $13.79 million in the quarter, while revenues were grew 93.47%. The analyst consensus anticipated Equity Commonwealth’s latest quarter earnings to come in at -$0.03 per share, but it turned out to be -$0.04, a -33.30% surprise. For the quarter, EBITDA amounted to -$6.21 million. Shareholders own equity worth $109.73 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Equity Commonwealth (EQC) price momentum. RSI 9-day as of the close on 27 September was 27.20%, suggesting the stock is oversold, with historical volatility in this time frame at 10.94%.
As of today, EQC’s price is $18.49 -1.18% or -$0.22 from its 5-day moving average. EQC is currently trading -2.90% lower than its 20-day SMA and -10.92% lower than its 100-day SMA. However, the stock’s current price level is -9.47% below the SMA50 and -29.16% below the SMA200.
The stochastic %K and %D were 14.13% and 14.72%, respectively, and the average true range (ATR) was 0.21. With the 14-day stochastic at 8.64% and the average true range at 0.22, the RSI (14) stands at 30.91%. The stock has reached -0.17 on the 9-day MACD Oscillator while the 14-day reading was at -0.30.
Analyst Ratings
BofA Securities downgraded Equity Commonwealth (NYSE: EQC) to a an Underperform rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Equity Commonwealth (EQC) among analysts is Underweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EQC, while 1 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.
What is EQC’s price target for the next 12 months?
Analysts predict a range of price targets between $20.00 and $22.00, with a median target of $21.00. Taking a look at these predictions, the average price target given by analysts for Equity Commonwealth (EQC) stock is $21.00.
