The price-to-earnings ratio for BGC Group Inc (NASDAQ: BGC) is above average at 44.09x. The 36-month beta value for BGC is also noteworthy at 1.48. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for BGC is 351.62M, and at present, short sellers hold a 2.80% of that float. The average trading volume of BGC on November 19, 2024 was 3.03M shares.
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BGC) stock’s latest price update
BGC Group Inc (NASDAQ: BGC)’s stock price has gone rise by 2.31 in comparison to its previous close of 10.40, however, the company has experienced a -7.40% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-11-12 that BGC Group’s growth is driven by investments in technology and electronic trading, with the Fenics business leading the way and expected to continue this trend. Recent acquisitions in commodities, energy, and shipping sectors align with anticipated demand for inflation hedges, enhancing BGC’s revenue potential. I project sustainable earnings growth in the double-digits going forward, due to impressive momentum in the Fenics business.
BGC’s Market Performance
BGC Group Inc (BGC) has experienced a -7.40% fall in stock performance for the past week, with a 14.04% rise in the past month, and a 13.92% rise in the past quarter. The volatility ratio for the week is 3.77%, and the volatility levels for the past 30 days are at 3.46% for BGC. The simple moving average for the last 20 days is 4.39% for BGC’s stock, with a simple moving average of 21.28% for the last 200 days.
BGC Trading at 8.74% 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 -9.75% of loss for the given period.
Volatility was left at 3.46%, however, over the last 30 days, the volatility rate increased by 3.77%, as shares surge +14.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.92% upper at present.
During the last 5 trading sessions, BGC fell by -7.40%, which changed the moving average for the period of 200-days by +47.57% in comparison to the 20-day moving average, which settled at $10.19. In addition, BGC Group Inc saw 47.37% 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:
- 0.07 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 0.06. 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 0.26. The debt to equity ratio resting at 1.68. The interest coverage ratio of the stock is 1.76.
Currently, EBITDA for the company is 202.48 million with net debt to EBITDA at 2.9. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 1.26for trailing twelve months and the total asset turnover is 0.5.
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.
