Equity Commonwealth (NYSE:EQC) price on current trading day, fall -0.45% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.87.
A look at the stock’s price movement, the level at last check in today’s session was $19.96, moving within a range at $19.8 and $20.04. The beta value (5-Year monthly) was 0.373 while the PE ratio in trailing twelve months stood at 51.61. Turning to its 52-week performance, $21.00 and $17.93 were the 52-week high and 52-week low respectively. Overall, EQC moved 0.36% 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 on 2024-Feb-12.
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 -0.19% and -0.33% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.62, while 7-day volatility ratio is 0.87% and 0.79% in the 30-day chart. Further, Equity Commonwealth (EQC) has a beta value of 0.27, and an average true range (ATR) of 0.17.
If we refocus on Equity Commonwealth (NYSE:EQC), historical trading data shows that trading volumes averaged 1.62 over the past 10 days and 1.11 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 96.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.39 million on 2024-10-31, giving us a short ratio of 1.25. The data shows that as of 2024-10-31 short interest in Equity Commonwealth (EQC) stood at 178.0 of shares outstanding, with shares short falling to 1.67 million registered in 2024-09-30. Current price change has pushed the stock 3.49% 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.
