Equity Commonwealth (NYSE:EQC) does about 31.89M shares in volume on a normal day but saw 9627381 shares change hands in the recent trading day. The company now has a market cap of 186.85M USD. Its current market price is $1.71, marking an increase of 1.18% compared to the previous close of $1.69. The 52 week high reached by this stock is $1.70 whilst the lowest price level in 52 weeks is $1.22.
Equity Commonwealth (EQC) has a 20-day trading average at $14.6195 and the current price is 0.59% off the 52-week high compared with 39.90% distance from its 52-week low. The 50-day simple moving average of the closing price is $17.7732 and its 200-day simple moving average is $19.0060. If we look at the stock’s price movements over the week, volatility stands at 6.71%, which decreases to 2.47% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 92.31 to suggest the stock is overbought.
The consensus objective for the share price is $1.50, suggesting that the stock has a potential downside of -14.0% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 04, 2021 when BofA Securities downgraded the stock to “Underperform” and issued a price target of $28. BofA Securities also downgraded the stock to “Neutral” from Buy on May 07, 2021 at a price target of $32-$29.
The current price level is 17.82%, 22.71%, and 27.51% away from its SMA20, SMA50, and SMA200 respectively, with the EQC price moving below the 50-day SMA on current market day. Equity Commonwealth (EQC) stock is up 14.00% over the week and 26.94% over the past month. Its price is 30.65% year-to-date and 27.85% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
To reach the target analysts have set, the stock logically needs to shrink -14.0 percent from here.
The company has a return on investment of 1.74% and return on equity of 2.10%. The price to earnings ratio (P/E ratio) amounts to 4.44. The beta has a value of 0.26. Price to book ratio is 0.08 and price to sales ratio is 3.20.
