The stock of BGC Group Inc (BGC) has gone up by 5.96% for the week, with a 5.28% rise in the past month and a 11.14% rise in the past quarter. The volatility ratio for the week is 2.97%, and the volatility levels for the past 30 days are 3.17% for BGC. The simple moving average for the past 20 days is 3.91% for BGC’s stock, with a 27.66% simple moving average for the past 200 days.
Is It Worth Investing in BGC Group Inc (NASDAQ: BGC) Right Now?
BGC Group Inc (NASDAQ: BGC) has a price-to-earnings ratio of 115.37x that is above its average ratio. Additionally, the 36-month beta value for BGC is 1.52. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for BGC is 362.93M and currently, short sellers hold a 3.61% ratio of that float. The average trading volume of BGC on April 30, 2024 was 5.33M shares.
BGC) stock’s latest price update
BGC Group Inc (NASDAQ: BGC)’s stock price has decreased by -1.45 compared to its previous closing price of 8.30. However, the company has seen a 5.96% increase in its stock price over the last five trading sessions. Reuters reported 2024-04-25 that Brokerage BGC Group said on Thursday its exchange platform FMX Futures was valued at $667 million after securing investment from a consortium including Bank of America and Citigroup.
BGC Trading at 4.53% from the 50-Day Moving Average
After a stumble in the market that brought BGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.98% of loss for the given period.
Volatility was left at 3.17%, however, over the last 30 days, the volatility rate increased by 2.97%, as shares surge +6.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.61% upper at present.
During the last 5 trading sessions, BGC rose by +5.96%, which changed the moving average for the period of 200-days by +77.44% in comparison to the 20-day moving average, which settled at $7.90. In addition, BGC Group Inc saw 13.30% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for BGC
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.46 for the gross margin
The net margin for BGC Group Inc stands at 0.02. The total capital return value is set at 0.05. Equity return is now at value 4.67, with 1.16 for asset returns.
Based on BGC Group Inc (BGC), the company’s capital structure generated 0.6 points at debt to capital in total, while cash flow to debt ratio is standing at 0.3. The debt to equity ratio resting at 1.51. The interest coverage ratio of the stock is 1.5.
Currently, EBITDA for the company is 215.36 million with net debt to EBITDA at 4.39. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 1.92for trailing twelve months and the total asset turnover is 0.63.
Conclusion
In conclusion, BGC Group Inc (BGC) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
