Newmark Group Expected to Continue Growing in 2022

NMKR sports an over 55% year-over-year lead

facebook twitter linkedin

Newmark Group Inc (NASDAQ:NMRK) is down 1.9% to trade at $15.66 at last check. The equity bounced off the $14 level in late January, after cooling off from a Jan. 3, all-time high of $19.10, but this recent rally was cut short at the $18.50 mark. The shares are currently testing a floor at the $15.50 level, with long-time support at the 160-day moving average, while sporting a 55.2% year-over-year lead.

NMKR 160 Day

An unwinding of pessimism in the options pits could provide tailwinds for Newmark Group stock. This is per the equity's Schaeffer's put/call options ratio (SOIR) of 1.94, which stands higher than 77% of readings from the past year. In other words, these traders have been quite put-biased of late. 

From a fundamental point of view, Newmark stock offers a very intriguing valuation. NMRK trades at a forward price-earnings ratio of 5.74 and a price-sales ratio of 1.06.

The real estate company also generated strong top- and bottom-line figures in 2021. In fact, NMRK grew its annual revenues 53%, reporting $2.9 billion, and increased its net income a jaw-dropping 959%, growing from $70 million to $744.5 million. Additionally, Newmark Group is expected to grow earnings 9.8%, and sales 6.2% this year, which provides a safe but limited option for value investors.


Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

Schaeffer's Daily Bulletin Offer


Special Offers from Schaeffer's Trading Partners