BGC Group Inc (NASDAQ: BGC) is -5.74% lower on its value in year-to-date trading and has touched a low of $7.43 and a high of $11.79 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The BGC stock was last observed hovering at around $9.32 in the last trading session, with the day’s loss setting it -0.78%.
Currently trading at $8.54, the stock is -9.35% and -9.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.07 million and changing -8.37% at the moment leaves the stock -8.36% off its SMA200. BGC registered -0.12% loss for a year compared to 6-month loss of -13.12%.
The stock witnessed a -9.34% gain in the last 1 month and extending the period to 3 months gives it a -10.29%, and is -11.96% down 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 5.42% over the week and 4.29% over the month.
BGC Group Inc (BGC) has around 4011 employees, a market worth around $4.12B and $2.26B in sales. Current P/E ratio is 33.86 and Fwd P/E is 6.35. Profit margin for the company is 5.34%. Distance from 52-week low is 14.94% and -27.57% from its 52-week high. The company has generated returns on investments over the last 12 months (5.15%).
with sales reaching $601.79M over the same period.The EPS is expected to grow by 16.67% this year, but quarterly earnings will post 2.40% year-over-year. Quarterly sales are estimated to grow 4.01% in year-over-year returns.
BGC Group Inc (BGC) Top Institutional Holders
The shares outstanding are 374.30M, and float is at 317.63M with Short Float at 3.89%.
The top institutional shareholder in the company is BLACKROCK INC. with over 45.45 million shares valued at $377.22 million. The investor’s holdings represent 9.6592% of the BGC Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 41.51 million shares valued at $344.52 million to account for 8.8218 of the shares outstanding. The other top investors are RUBRIC CAPITAL MANAGEMENT LP which holds 19.0 million shares representing 3.9977% and valued at over $157.7 million, while STATE STREET CORP holds 3.1382 of the shares totaling 14.91 million with a market value of $123.79 million.
BGC Group Inc (BGC) Insider Activity
The most recent transaction is an insider sale by Richards David, the company’s Director. SEC filings show that Richards David sold 43,893 shares of the company’s common stock on Aug 09 ’24 at a price of $9.02 per share for a total of $0.4 million. Following the sale, the insider now owns 14506.0 shares.
BGC Group Inc disclosed in a document filed with the SEC on May 07 ’24 that Windeatt Sean A (Chief Operating Officer) sold a total of 118,449 shares of the company’s common stock. The trade occurred on May 07 ’24 and was made at $8.75 per share for $1.04 million. Following the transaction, the insider now directly holds 0.64 million shares of the BGC stock.
Still, SEC filings show that on May 06 ’24, Windeatt Sean A (Chief Operating Officer) disposed off 40,000 shares at an average price of $8.73 for $0.35 million. The insider now directly holds 759,624 shares of BGC Group Inc (BGC).
