BGC Group Inc (NASDAQ: BGC)’s stock price has soared by 2.12 in relation to previous closing price of 9.92. Nevertheless, the company has seen a gain of 8.23% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-31 that BGC Group, Inc. (NASDAQ:BGC ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Jason Chryssicas – Head, Investor Relations Howard Lutnick – Chairman & Chief Executive Officer Sean Windeatt – Chief Operating Officer Jason Hauf – Chief Financial Officer Conference Call Participants Patrick Moley – Piper Sandler Operator Greetings, and welcome to the BGC Group Incorporated’s Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.
Is It Worth Investing in BGC Group Inc (NASDAQ: BGC) Right Now?
BGC Group Inc (NASDAQ: BGC) has a price-to-earnings ratio that is above its average at 41.98x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for BGC is 358.16M, and at present, short sellers hold a 2.64% of that float. On November 05, 2024, the average trading volume of BGC was 2.84M shares.
BGC’s Market Performance
BGC stock saw an increase of 8.23% in the past week, with a monthly gain of 3.68% and a quarterly increase of 14.85%. The volatility ratio for the week is 4.66%, and the volatility levels for the last 30 days are 2.83% for BGC Group Inc (BGC). The simple moving average for the past 20 days is 7.33% for BGC’s stock, with a 17.95% simple moving average for the past 200 days.
BGC Trading at 6.06% 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 able to rebound, for now settling with 1.10% of gains for the given period.
Volatility was left at 2.83%, however, over the last 30 days, the volatility rate increased by 4.66%, as shares surge +4.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.43% upper at present.
During the last 5 trading sessions, BGC rose by +8.23%, which changed the moving average for the period of 200-days by +45.76% in comparison to the 20-day moving average, which settled at $9.44. In addition, BGC Group Inc saw 40.30% 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:
- 0.09 for the present operating margin
- 0.69 for the gross margin
The net margin for BGC Group Inc stands at 0.06. The total capital return value is set at 0.04. Equity return is now at value 14.29, with 2.95 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 0.42. The debt to equity ratio resting at 1.68. The interest coverage ratio of the stock is 3.08.
Currently, EBITDA for the company is 215.36 million with net debt to EBITDA at 3.27. When we switch over and look at the enterprise to sales, we see a ratio of 2.67. The receivables turnover for the company is 1.26for trailing twelve months and the total asset turnover is 0.5.
Conclusion
To sum up, BGC Group Inc (BGC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
