BGC Group Inc (NASDAQ: BGC) has a higher price-to-earnings ratio of 37.78x compared to its average ratio. BGC has 36-month beta value of 1.49. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for BGC is 358.16M, and currently, short sellers hold a 2.37% ratio of that float. The average trading volume of BGC on October 22, 2024 was 2.79M shares.
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BGC) stock’s latest price update
BGC Group Inc (NASDAQ: BGC) has experienced a decline in its stock price by -0.75 compared to its previous closing price of 9.33. However, the company has seen a fall of -1.28% in its stock price over the last five trading days. prnewswire.com reported 2024-10-10 that NEW YORK, Oct. 10, 2024 /PRNewswire/ — BGC Group, Inc. (Nasdaq: BGC), a leading global brokerage and financial technology company, today announced it recently acquired Sage Energy Partners, LP (“Sage”), an energy and environmental brokerage firm. This acquisition will expand BGC’s energy brokerage services in the U.S. and support BGC’s global growth efforts across its Energy, Commodities, and Shipping (“ECS”) business.
BGC’s Market Performance
BGC’s stock has fallen by -1.28% in the past week, with a monthly drop of -5.12% and a quarterly drop of -4.73%. The volatility ratio for the week is 1.98% while the volatility levels for the last 30 days are 2.43% for BGC Group Inc The simple moving average for the past 20 days is -1.89% for BGC’s stock, with a 9.53% simple moving average for the past 200 days.
BGC Trading at -2.86% 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 -7.58% of loss for the given period.
Volatility was left at 2.43%, however, over the last 30 days, the volatility rate increased by 1.98%, as shares sank -5.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.54% upper at present.
During the last 5 trading sessions, BGC fell by -1.28%, which changed the moving average for the period of 200-days by +39.25% in comparison to the 20-day moving average, which settled at $9.44. In addition, BGC Group Inc saw 28.25% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BGC starting from Richards David, who sale 43,893 shares at the price of $9.02 back on Aug 09 ’24. After this action, Richards David now owns 14,506 shares of BGC Group Inc, valued at $395,915 using the latest closing price.
Windeatt Sean A, the Chief Operating Officer of BGC Group Inc, sale 118,449 shares at $8.75 during a trade that took place back on May 07 ’24, which means that Windeatt Sean A is holding 641,175 shares at $1,036,429 based on the most recent closing price.
Stock Fundamentals for BGC
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.57 for the gross margin
The net margin for BGC Group Inc stands at 0.06. The total capital return value is set at 0.07. Equity return is now at value 15.59, with 2.97 for asset returns.
Based on BGC Group Inc (BGC), the company’s capital structure generated 0.63 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 1.71. The interest coverage ratio of the stock is 2.39.
Currently, EBITDA for the company is 215.36 million with net debt to EBITDA at 4.05. When we switch over and look at the enterprise to sales, we see a ratio of 2.64. The receivables turnover for the company is 1.28for trailing twelve months and the total asset turnover is 0.49.
Conclusion
To put it simply, BGC Group Inc (BGC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
