As of Friday close, BGC Group Inc.’s (NASDAQ:BGC) stock was down -$0.01, moving down -0.20 percent to $5.00. The average number of shares traded per day over the past five days has been 1,068,460 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.13 fall in that time frame. In the last twenty days, the average volume was 1,337,030, while in the previous 50 days, it was 1,780,106.
Since last month, BGC stock rose 4.60%. Shares of the company fell to $4.61 on 08/01/23, the lowest level in the past month. A 52-week high of $5.51 was reached on 03/16/23 after having rallying from a 52-week low of $3.14. Since the beginning of this year, BGC’s stock price has risen by 32.63% or $1.23, and marked a new high 20 times. However, the stock has declined by -9.26% since its 52-week high.
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Valuation Metrics
Right now, BGC Group Inc. (BGC) has a P/E ratio of about 46.30. The stock’s beta is 1.67. Besides these, the trailing price-to-sales (P/S) ratio of 1.09, the price-to-book (PB) ratio of 2.58, and the price-to-cash flow ratio of 12.03 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.55, and the total debt-to-equity ratio was 1.55. On the profitability front, the trailing twelve-month gross margin is 98.40% percent. In the year ended June 29, operating margins totaled 7.50%. Based on annual data, BGC earned $136.12 million in gross profit and brought in $1.8 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 5.60%. Return on equity (ROE) for the past 12 months was 7.20%.
In BGC Group Inc.’s quarter-end financial report for June 29, it reported total debt of $1.39 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. BGC’s revenue fell -91.27% to $1.02 billion during the quarter, while net income inched up to $493.08 million. While analysts expected BGC Group Inc. to report $0.19 quarterly earnings, the actual figure was $0.2 per share, beating the consensus estimate by 5.30%. During the quarter, the company generated $19.05 million in EBITDA. The value of shareholders’ equity is $498.81 million.
Technical Picture
This quick technical analysis looks at BGC Group Inc.’s (BGC) price momentum. With a historical volatility rate of 19.76%, the RSI 9-day stood at 53.24% on 18 August.
With respect to its five-day moving average, the current BGC Group Inc. price is down by -2.53% percent or -$0.13. At present, BGC shares trade +5.71% above its 20-day simple moving average and -0.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately +9.17% above its SMA50 and +26.26% above its SMA200.
Stochastic coefficient K was 55.72% and Stochastic coefficient D was 55.23%, while ATR was 0.16. Given the Stochastic reading of 57.66% for the 14-day period, the RSI (14) reading has been calculated as 55.41%. As of today, the MACD Oscillator reading stands at -0.05, while the 14-day reading stands at -0.05.
Analyst Ratings
BGC Group Inc. (BGC) has been rated Buy by analysts. According to 0 brokerage firms, BGC is a sell, and 0 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BGC Group Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $7.50, the current consensus forecast for the stock is $7.50 – $7.50. Based on these forecasts, analysts predict BGC Group Inc. (BGC) will achieve an average price target of $7.50.
