Equity Commonwealth [NYSE: EQC] stock went on an upward path that rose over 1.26% on Wednesday, amounting to a one-week price increase of more than 1.26%.
Over the last 12 months, EQC stock rose by 25.82%. The one-year Equity Commonwealth stock forecast points to a potential upside of 2.42. The average equity rating for EQC stock is currently 3.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $172.95 million, with 107.33 million shares outstanding and 101.40 million shares in the current float. Compared to the average trading volume of 912.75K shares, EQC stock reached a trading volume of 10221979 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Equity Commonwealth [EQC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQC shares is $1.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQC stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Equity Commonwealth shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on October 04, 2021. While these analysts kept the previous recommendation, BofA Securities dropped their target price from $32 to $29. The new note on the price target was released on May 07, 2021, representing the official price target for Equity Commonwealth stock.
The Average True Range (ATR) for Equity Commonwealth is set at 0.03, with the Price to Sales ratio for EQC stock in the period of the last 12 months amounting to 2.96. The Price to Book ratio for the last quarter was 0.08, with the Price to Cash per share for the same quarter was set at 20.71. Price to Free Cash Flow for EQC in the course of the last twelve months was 1.57.
EQC Stock Performance Analysis:
Equity Commonwealth [EQC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.26. With this latest performance, EQC shares dropped by -0.62% in over the last four-week period, additionally plugging by 19.64% over the last 6 months – not to mention a rise of 25.82% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQC stock in for the last two-week period is set at 48.58, with the RSI for the last a single of trading hit 51.57, and the three-weeks RSI is set at 25.48 for Equity Commonwealth [EQC]. The present Moving Average for the last 50 days of trading for this stock 1.6512, while it was recorded at 1.5960 for the last single week of trading, and 12.3468 for the last 200 days.
Equity Commonwealth [EQC] Institutonal Ownership Details
There are presently around $91.36%, or 93.43%% of EQC stock, in the hands of institutional investors. The top three institutional holders of EQC stocks are: VANGUARD GROUP INC with ownership of 16.14 million shares, which is approximately 15.0572%. BLACKROCK INC., holding 11.14 million shares of the stock with an approximate value of $$216.15 million in EQC stocks shares; and BLACKROCK INC., currently with $$73.57 million in EQC stock with ownership which is approximately 3.5304%.
