BGC Group Inc (NASDAQ: BGC) kicked off on Tuesday, down -0.11% from the previous trading day, before settling in for the closing price of $9.29. Over the past 52 weeks, BGC has traded in a range of $7.24-$11.79.
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A company in the Financial sector has jumped its sales by 1.34% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 18.69%. With a float of $358.39 million, this company’s outstanding shares have now reached $378.13 million.
In an organization with 4011 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 44.15%, operating margin of 11.66%, and the pretax margin is 7.95%.
BGC Group Inc (BGC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Capital Markets Industry. The insider ownership of BGC Group Inc is 26.58%, while institutional ownership is 60.76%. 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.
BGC Group Inc (BGC) Latest Financial update
Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 18.69% per share during the next fiscal year.
BGC Group Inc (NASDAQ: BGC) Trading Performance Indicators
Take a look at BGC Group Inc’s (BGC) current performance indicators. Last quarter, stock had a quick ratio of 1.94. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.93. Likewise, its price to free cash flow for the trailing twelve months is 13.02.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.26, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.39 in one year’s time.
Technical Analysis of BGC Group Inc (BGC)
Let’s dig in a bit further. During the last 5-days, its volume was 2.12 million. That was inferior than the volume of 2.83 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.05%. Additionally, its Average True Range was 0.29.
During the past 100 days, BGC Group Inc’s (BGC) raw stochastic average was set at 71.58%, which indicates a significant increase from 17.79% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.26% in the past 14 days, which was lower than the 43.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.04, while its 200-day Moving Average is $9.40. However, in the short run, BGC Group Inc’s stock first resistance to watch stands at $9.39. Second resistance stands at $9.50. The third major resistance level sits at $9.61. If the price goes on to break the first support level at $9.17, it is likely to go to the next support level at $9.06. The third support level lies at $8.95 if the price breaches the second support level.
BGC Group Inc (NASDAQ: BGC) Key Stats
The company with the Market Capitalisation of 4.53 billion has total of 488,173K Shares Outstanding. Its annual sales at the moment are 2,263 M in contrast with the sum of 126,990 K annual income. Company’s last quarter sales were recorded 664,240 K and last quarter income was 55,160 K.
