BGC Group Inc (NASDAQ: BGC): Analyst View Points To Future Growth

BGC Group Inc (BGC) concluded trading on Thursday at a closing price of $7.56, with 2.5 million shares of worth about $18.87 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.63% during that period and on April 18, 2024 the price saw a gain of about 0.53%. Currently the company’s common shares owned by public are about 390.09M shares, out of which, 362.93M shares are available for trading.

Stock saw a price change of -4.67% in past 5 days and over the past one month there was a price change of -5.26%. Year-to-date (YTD), BGC shares are showing a performance of 4.71% which increased to 64.71% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.98 but also hit the highest price of $8.70 during that period. The average intraday trading volume for BGC Group Inc shares is 5.26 million. The stock is currently trading -4.13% below its 20-day simple moving average (SMA20), while that difference is down -2.26% for SMA50 and it goes to 20.20% higher than SMA200.

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BGC Group Inc (NASDAQ: BGC) currently have 390.09M outstanding shares and institutions hold larger chunk of about 53.27% of that.

The stock has a current market capitalization of $3.73B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 106.63, while it has posted earnings per share of $0.07 in the same period. Its PEG reads 5.21 while making debt-to-equity ratio of 1.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BGC, volatility over the week remained 3.10% while standing at 3.15% over the month.

Stock’s fiscal year EPS is expected to rise by 10.98% while it is estimated to increase by 8.79% in next year. EPS is likely to grow at an annualized rate of 20.48% for next 5-years, compared to annual growth of -35.27% made by the stock over the past 5-years.

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