Cushman & Wakefield plc (NYSE:CWK) finished Friday with an addition of $0.1 to close at $7.62, an upside of 1.33 percent. An average of 2,929,240 shares of common stock have been traded in the last five days. There was a gain of $0.07 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 2,439,745 shares traded, while the 50-day average volume stands at 2,361,204.
CWK stock has decreased by -17.26% in the last month. The company shares reached their 1-month lowest point of $7.24 on 09/27/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $7.16 and a high of $15.63 in 52 weeks. It has reached a new high 10 times so far this year and lost -38.84% or -$4.84 in price. In spite of this, the price is down -51.25% from the 52-week high.
Insider Transactions
CWK stock investors should be aware that Cushman & Wakefield plc (CWK) stock had its last reported insider trading activity 114 days ago on Jun 08. In this transaction, the insider spent $25,875,000. Director, McLean Jodie W., disposed of 15,000 shares at a price of $7.84 on Jun 01. The insider now owns more than $117,600 worth of shares.
Valuation Metrics
Cushman & Wakefield plc (CWK) stock’s beta is 1.38. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.18, the price-to-book (PB) ratio at 1.07, and the price-to-cash flow ratio at 106.19.
Financial Health
Further, the company has a long term debt to equity ratio of 2.19 and a total debt to equity ratio of 2.21 for the quarter ending June 30. Its gross profit as reported stood at $1.95 billion compared to revenue of $10.11 billion.
Earnings Surprise
For the three-month period that ended June 30, Cushman & Wakefield plc had $3.23 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.1 million in the quarter, while revenues of -$76.4 million were shrunk -1805.88%. The analyst consensus anticipated Cushman & Wakefield plc’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.22, a 29.40% surprise. For the quarter, EBITDA amounted to $117.7 million. Shareholders own equity worth $227.15 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Cushman & Wakefield plc (CWK) price momentum. RSI 9-day as of the close on 29 September was 35.43%, suggesting the stock is Neutral, with historical volatility in this time frame at 48.78%.
As of today, CWK’s price is $7.53 +0.93% or $0.07 from its 5-day moving average. CWK is currently trading -17.08% lower than its 20-day SMA and +0.93% higher than its 100-day SMA. However, the stock’s current price level is -23.03% below the SMA50 and -35.97% below the SMA200.
The stochastic %K and %D were 14.90% and 11.87%, respectively, and the average true range (ATR) was 0.32. With the 14-day stochastic at 22.12% and the average true range at 0.33, the RSI (14) stands at 34.79%. The stock has reached -0.14 on the 9-day MACD Oscillator while the 14-day reading was at -0.39.
Analyst Ratings
UBS downgraded Cushman & Wakefield plc (NYSE: CWK) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Cushman & Wakefield plc (CWK) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell CWK, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is CWK’s price target for the next 12 months?
Analysts predict a range of price targets between $10.50 and $18.00, with a median target of $11.00. Taking a look at these predictions, the average price target given by analysts for Cushman & Wakefield plc (CWK) stock is $12.40.
