Equity Commonwealth (NYSE:EQC) price on Thursday, October 24, fall -0.05% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.80.
A look at the stock’s price movement, the close in the last trading session was $19.81, moving within a range at $19.6 and $19.91. The PE ratio in trailing twelve months stood at 51.43. Turning to its 52-week performance, $21.00 and $17.93 were the 52-week high and 52-week low respectively. Overall, EQC moved 0.35% over the past month.
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Equity Commonwealth’s market cap currently stands at around $2.13 billion, with investors looking forward to this quarter’s earnings report slated for in November.
Turning to the stock’s technical picture we see that short term indicators suggest on average that EQC is a 25% Buy. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
EQC’s current price about 0.03% and -1.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 43.44, while 7-day volatility ratio is 0.78% and 0.73% in the 30-day chart. Further, Equity Commonwealth (EQC) has a beta value of 0.27, and an average true range (ATR) of 0.15.
If we refocus on Equity Commonwealth (NYSE:EQC), historical trading data shows that trading volumes averaged 1.11 over the past 10 days and 1.03 million over the past 3 months. The company’s latest data on shares outstanding shows there are 106.85 million shares.
The 2.46% of Equity Commonwealth’s shares are in the hands of company insiders while institutional holders own 94.40% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.67 million on 2024-09-30, giving us a short ratio of 1.58. The data shows that as of 2024-09-30 short interest in Equity Commonwealth (EQC) stood at 213.99999999999997 of shares outstanding, with shares short falling to 2.5 million registered in 2024-08-30. Current price change has pushed the stock 3.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the EQC stock continues to rise going into the next quarter.
