BGC Group Inc (BGC) Stock Could Soon Reward Patient Investors

BGC Group Inc (NASDAQ: BGC) is 3.88% higher on its value in year-to-date trading and has touched a low of $3.98 and a high of $7.47 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The BGC stock was last observed hovering at around $7.28 in the last trading session, with the day’s gains setting it 0.22%.

Currently trading at $7.50, the stock is 5.83% and 10.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.43 million and changing 3.02% at the moment leaves the stock 36.37% off its SMA200. BGC registered 71.62% gain for a year compared to 6-month gain of 46.48%. The firm has a 50-day simple moving average (SMA 50) of $2.18 and a 200-day simple moving average (SMA200) of $23.80.

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The stock witnessed a 11.94% loss in the last 1 month and extending the period to 3 months gives it a 20.77%, and is 4.02% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.66% over the week and 2.70% over the month.

BGC Group Inc (BGC) has around Nov 16 2023 employees, a market worth around $2.87B and $1.95B in sales. Current P/E ratio is 202.70 and Fwd P/E is 8.24. Profit margin for the company is 0.90%. Distance from 52-week low is 88.44% and 0.33% from its 52-week high. The company has generated returns on investments over the last 12 months (0.80%).

BGC Group Inc quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $554.6M over the same period.The EPS is expected to grow by 18.84% this year, but quarterly earnings will post 11.60% year-over-year. Quarterly sales are estimated to grow 27.10% in year-over-year returns.

BGC Group Inc (BGC) Top Institutional Holders

304 institutions hold shares in BGC Group Inc (BGC), with institutional investors hold 68.58% of the company’s shares. Institutions hold 64.86% of the Float.

BGC Group Inc (BGC) Insider Activity

A total of 0 insider transactions have happened at BGC Group Inc (BGC) in the last six months, with sales accounting for 0 and purchases happening 0 times.

BGC Group Inc (BGC): Who are the competitors?

The company’s main competitors (and peers) include Nasdaq Inc. (NDAQ) that is trading -3.93% down over the past 12 months. Intercontinental Exchange Inc. (ICE) that is 24.09% higher over the same period.