On Tuesday, BGC Group Inc (NASDAQ: BGC) was 0.86% up from the session before settling in for the closing price of $9.26. A 52-week range for BGC has been $5.36 – $10.02.
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Financial Sector giant saw their annual sales surged by 1.15% over the last five years. When this article was written, the company’s average yearly earnings per share was at 13.41%. With a float of $358.16 million, this company’s outstanding shares have now reached $390.09 million.
The firm has a total of 3895 workers. Let’s measure their productivity. In terms of profitability, gross margin is 57.49%, operating margin of 9.51%, and the pretax margin is 8.7%.
BGC Group Inc (BGC) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward BGC Group Inc stocks. The insider ownership of BGC Group Inc is 26.40%, while institutional ownership is 58.14%. The most recent insider transaction that took place on Aug 09 ’24, was worth 395,915. In this transaction Director of this company sold 43,893 shares at a rate of $9.02, taking the stock ownership to the 14,506 shares. Before that another transaction happened on May 07 ’24, when Company’s Chief Operating Officer sold 118,449 for $8.75, making the entire transaction worth $1,036,429. This insider now owns 641,175 shares in total.
BGC Group Inc (BGC) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.19 earnings per share (EPS) during the time that was better than consensus figure (set at 0.18) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 13.41% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 20.48% during the next five years compared to -35.27% drop over the previous five years of trading.
BGC Group Inc (NASDAQ: BGC) Trading Performance Indicators
You can see what BGC Group Inc (BGC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.14. Likewise, its price to free cash flow for the trailing twelve months is 13.07.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.25, a number that is poised to hit 0.23 in the next quarter and is forecasted to reach 0.99 in one year’s time.
Technical Analysis of BGC Group Inc (BGC)
Analysing the last 5-days average volume posted by the [BGC Group Inc, BGC], we can find that recorded value of 2.65 million was lower than the volume posted last year of 3.58 million. As of the previous 9 days, the stock’s Stochastic %D was 29.81%. Additionally, its Average True Range was 0.23.
During the past 100 days, BGC Group Inc’s (BGC) raw stochastic average was set at 70.31%, which indicates a significant increase from 28.89% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.89% in the past 14 days, which was lower than the 30.16% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.54, while its 200-day Moving Average is $8.47. Now, the first resistance to watch is $9.42. This is followed by the second major resistance level at $9.50. The third major resistance level sits at $9.62. If the price goes on to break the first support level at $9.22, it is likely to go to the next support level at $9.10. Should the price break the second support level, the third support level stands at $9.02.
BGC Group Inc (NASDAQ: BGC) Key Stats
There are 493,350K outstanding shares of the company, which has a market capitalization of 4.54 billion. As of now, sales total 2,025 M while income totals 36,270 K. Its latest quarter income was 550,760 K while its last quarter net income were 37,830 K.
