BGC Partners Inc. (NASDAQ:BGCP) saw a downside of -1.10% to close Monday at $5.39 after subtracting -$0.06 on the day. The 5-day average trading volume is 2,237,400 shares of the company’s common stock. It has gained $5.55 in the past week. An average of 2,941,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,739,078.
BGCP’s 1-month performance is 5.89% or $0.30 on its low of $4.81 reached on 09/20/21. The company’s shares have touched a 52-week low of $2.44 and high of $6.51, with the stock’s rally to the 52-week high happening on 06/16/21. YTD, BGCP has achieved 34.75% or $1.39. However, the current price is down -17.27%% from the 52-week high price.
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On Nov 09, 337 days have gone by since the last insider trading activity for BGC Partners Inc. (BGCP). MERKEL STEPHEN M (EVP and General Counsel) most recently sold 2,250 shares at $3.51 per share on Nov 09. This transaction cost the insider $7,897.
The company’s PE ratio for the last five years has touched a high of 164.50 and a low of 8.140. BGCP stock has a beta of 1.90. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.03 while the price-to-book (PB) in the most recent quarter is 2.87.
BGC Partners Inc. pays an annual dividend of $0.04 per share. Its dividend yield is 0.74%. BGCP’s most recent quarterly dividend payment was made on Sep. 7, when it paid $0.01 a share compared with prior rate of $0.01, down 0.0% from last year’s. The company has boosted its dividend for the last 2 consecutive years with the latest dividend decrease of $0.13 reported on Tuesday May 5 2020. Measured over the last 3 years, the Dividend has been growing by -75.71% yearly.
It is projected that BGC Partners Inc.’s next ex-dividend date will be on 18-Nov. BGCP is expected to distribute $0.0 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.72, while the total debt to equity was 1.73. In terms of profitability, the gross margin trailing 12 months is 98.90%. The firm’s gross profit as reported stood at $147.51 million against revenue of $2.06 billion.
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected BGCP to announce $0.15 per share in earnings in its latest quarter, but it posted $0.16, representing a 6.70% surprise. EBITDA for the quarter stood at more than $78.54 million. BGCP stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.42 billion. Shareholders hold equity totaling $385.58 million
Let’s look briefly at BGC Partners Inc. (BGCP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 56.94% to suggest the stock is trending Neutral, with historical volatility in this time period at 38.56%.
The stock’s 5-day moving average is $5.43, reflecting a +2.08% or $0.11 change from its current price. BGCP is currently trading +7.16% above its 20-day SMA, +1.32% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.75% and +32.11% respectively.
Stochastic %K and %D was 82.33% and 85.69% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 55.54%, while the 14-day stochastic is at 74.22% with the period’s ATR at 0.18. The stock’s 9-day MACD Oscillator is pointing at 0.06 and 0.14 on the 14-day charts.
In the most recent analyst report for BGC Partners Inc. (NASDAQ: BGCP), Raymond James downgraded it to a Mkt perform rating. They previously had a Strong buy rating on the stock. Analysts offering their rating for BGCP stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate BGCP as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is BGCP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.00 and a high of $7.00, with their median price target at $7.00. Looking at these predictions, the average price target given by analysts is for BGC Partners Inc. (BGCP) stock is $7.00.