Equity Commonwealth (NYSE:EQC) shares, rose in value on Thursday, December 12, with the stock price down by -0.60% to the previous day’s close as strong demand from buyers drove the stock to $1.66.
Actively observing the price movement in the last trading, the stock closed the session at $1.67, falling within a range of $1.62 and $1.66. The value of beta (5-year monthly) was 0.373 whereas the PE ratio was 4.31 over 12-month period. Referring to stock’s 52-week performance, its high was $1.67, and the low was $1.22. On the whole, EQC has fluctuated by 21.33% over the past month.
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With the market capitalization of Equity Commonwealth currently standing at about $178.18 million, investors are eagerly awaiting this quarter’s results, scheduled for in January.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that EQC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of EQC currently trading nearly 17.14% and 20.36% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 90.90, while the 7-day volatility ratio is showing 7.51% which for the 30-day chart, stands at 2.27%. Furthermore, Equity Commonwealth (EQC)’s beta value is 0.27, and its average true range (ATR) is 0.04.
A comparison of Equity Commonwealth (EQC) with its peers suggests the former has fared considerably weaker in the market. EQC showed an intraday change of -0.60% in last session, and over the past year, it grew by 26.43%%.
Data on historical trading for Equity Commonwealth (NYSE:EQC) indicates that the trading volumes over the past 10 days have averaged 7.23 and over the past 3 months, they’ve averaged 32.17 million. According to company’s latest data on outstanding shares, there are 107.33 million shares outstanding.
Nearly 5.81% of Equity Commonwealth’s shares belong to company insiders and institutional investors own 95.04% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.51 million shares as on 2024-11-29, resulting in a short ratio of 0.47. According to the data, the short interest in Equity Commonwealth (EQC) stood at 194.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 1.39 million. The stock has risen by 26.83% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the EQC stock heading into the next quarter.
