The stock of BGC Group Inc (BGC) has seen a 5.99% increase in the past week, with a 6.64% gain in the past month, and a 21.77% flourish in the past quarter. The volatility ratio for the week is 3.41%, and the volatility levels for the past 30 days are at 3.15% for BGC. The simple moving average for the past 20 days is 9.71% for BGC’s stock, with a 33.55% simple moving average for the past 200 days.
Is It Worth Investing in BGC Group Inc (NASDAQ: BGC) Right Now?
The price-to-earnings ratio for BGC Group Inc (NASDAQ: BGC) is above average at 72.37x. The 36-month beta value for BGC is also noteworthy at 1.51. 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 at present, short sellers hold a 3.61% of that float. The average trading volume of BGC on May 06, 2024 was 5.54M shares.
BGC) stock’s latest price update
The stock price of BGC Group Inc (NASDAQ: BGC) has jumped by 5.47 compared to previous close of 8.22. Despite this, the company has seen a gain of 5.99% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-30 that BGC Group, Inc. (NASDAQ:BGC ) Q1 2024 Earnings Conference Call April 30, 2024 10:00 AM ET Company Participants Jason Chryssicas – Head of Investor Relations Howard Lutnick – Chairman of the Board & Chief Executive Officer Sean Windeatt – COO & Co-Global Head of Brokerage Jason Hauf – Executive Vice President & Chief Financial Officer Conference Call Participants Patrick Moley – Piper Sandler Operator Greetings, and welcome to the BGC Group First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
BGC Trading at 9.59% 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 -0.34% of loss for the given period.
Volatility was left at 3.15%, however, over the last 30 days, the volatility rate increased by 3.41%, as shares surge +5.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.39% upper at present.
During the last 5 trading sessions, BGC rose by +5.93%, which changed the moving average for the period of 200-days by +81.28% in comparison to the 20-day moving average, which settled at $7.93. In addition, BGC Group Inc saw 20.08% 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
- 0.61 for the gross margin
The net margin for BGC Group Inc stands at 0.03. The total capital return value is set at 0.03. Equity return is now at value 8.11, with 1.50 for asset returns.
Based on BGC Group Inc (BGC), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.4. The debt to equity ratio resting at 1.04. The interest coverage ratio of the stock is 1.89.
Currently, EBITDA for the company is 215.36 million with net debt to EBITDA at 2.57. When we switch over and look at the enterprise to sales, we see a ratio of 2.33.
Conclusion
In summary, BGC Group Inc (BGC) has had a better performance as of late. Analysts have mixed 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.
