BGC Partners Inc. (NASDAQ: BGCP)’s stock price has decreased by -1.93 compared to its previous closing price of 5.17. Despite this, the company has seen a loss of -1.17% in its stock price over the last five trading days.
Is It Worth Investing in BGC Partners Inc. (NASDAQ: BGCP) Right Now?
The price-to-earnings ratio for BGC Partners Inc. (NASDAQ: BGCP) is above average at 40.24x. The 36-month beta value for BGCP is also noteworthy at 1.69. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
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The average price estimated by analysts for BGCP is $8.25, which is $3.18 above than the current price. The public float for BGCP is 292.17M, and at present, short sellers hold a 1.90% of that float. The average trading volume of BGCP on March 16, 2023 was 1.56M shares.
BGCP’s Market Performance
BGCP’s stock has seen a -1.17% decrease for the week, with a 17.91% rise in the past month and a 15.75% gain in the past quarter. The volatility ratio for the week is 4.68%, and the volatility levels for the past 30 days are at 4.55% for BGC Partners Inc. The simple moving average for the last 20 days is 7.02% for BGCP stock, with a simple moving average of 28.06% for the last 200 days.
Analysts’ Opinion of BGCP
Many brokerage firms have already submitted their reports for BGCP stocks, with Credit Suisse repeating the rating for BGCP by listing it as a “Outperform.” The predicted price for BGCP in the upcoming period, according to Credit Suisse is $7 based on the research report published on February 15th of the previous year 2022.
Raymond James gave a rating of “Strong Buy” to BGCP, setting the target price at $14 in the report published on July 29th of the previous year.
BGCP Trading at 14.81% from the 50-Day Moving Average
After a stumble in the market that brought BGCP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.89% of loss for the given period.
Volatility was left at 4.55%, however, over the last 30 days, the volatility rate increased by 4.68%, as shares surge +19.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.48% upper at present.
During the last 5 trading sessions, BGCP fell by -1.17%, which changed the moving average for the period of 200-days by +57.45% in comparison to the 20-day moving average, which settled at $4.78. In addition, BGC Partners Inc. saw 34.48% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BGCP
Current profitability levels for the company are sitting at:
- +7.87 for the present operating margin
- +91.14 for the gross margin
The net margin for BGC Partners Inc. stands at +2.71. Equity return is now at value 7.30, with 1.10 for asset returns.
In summary, BGC Partners Inc. (BGCP) has had a better performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.