On Friday, BGC Group Inc (NASDAQ: BGC) opened lower -0.11% from the last session, before settling in for the closing price of $9.05. Price fluctuations for BGC have ranged from $6.09 to $11.79 over the past 52 weeks.
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During the last 5-year period, the sales growth of Financial Sector giant was 1.15%. Company’s average yearly earnings per share was noted 20.73% at the time writing. With a float of $351.28 million, this company’s outstanding shares have now reached $375.43 million.
Let’s determine the extent of company efficiency that accounts for 3895 employees. In terms of profitability, gross margin is 56.74%, operating margin of 9.4%, and the pretax margin is 8.26%.
BGC Group Inc (BGC) Insider Activity
A key investor’s attitude towards the stock of the Capital Markets industry is another important factor to consider. The insider ownership of BGC Group Inc is 26.77%, while institutional ownership is 59.29%. 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
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.28 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 20.73% 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
Check out the current performance indicators for BGC Group Inc (BGC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.96. Likewise, its price to free cash flow for the trailing twelve months is 13.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.24, a number that is poised to hit 0.25 in the next quarter and is forecasted to reach 1.06 in one year’s time.
Technical Analysis of BGC Group Inc (BGC)
Looking closely at BGC Group Inc (NASDAQ: BGC), its last 5-days average volume was 2.76 million, which is a drop from its year-to-date volume of 3.58 million. As of the previous 9 days, the stock’s Stochastic %D was 10.91%. Additionally, its Average True Range was 0.31.
During the past 100 days, BGC Group Inc’s (BGC) raw stochastic average was set at 25.68%, which indicates a significant increase from 9.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.55% in the past 14 days, which was lower than the 34.82% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.79, while its 200-day Moving Average is $8.99. However, in the short run, BGC Group Inc’s stock first resistance to watch stands at $9.17. Second resistance stands at $9.29. The third major resistance level sits at $9.41. If the price goes on to break the first support level at $8.93, it is likely to go to the next support level at $8.81. Should the price break the second support level, the third support level stands at $8.69.
BGC Group Inc (NASDAQ: BGC) Key Stats
There are currently 479,719K shares outstanding in the company with a market cap of 4.33 billion. Presently, the company’s annual sales total 2,025 M according to its annual income of 36,270 K. Last quarter, the company’s sales amounted to 561,110 K and its income totaled 14,750 K.
