BGC Group Inc (BGC) Outlook Starting To Look Brighter?

BGC Group Inc (BGC) concluded trading on Wednesday at a closing price of $11.24, with 6.33 million shares of worth about $71.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.72% during that period and on November 06, 2024 the price saw a gain of about 6.34%. Currently the company’s common shares owned by public are about 390.09M shares, out of which, 358.16M shares are available for trading.

Stock saw a price change of 17.70% in past 5 days and over the past one month there was a price change of 15.76%. Year-to-date (YTD), BGC shares are showing a performance of 55.68% which increased to 83.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $6.02 but also hit the highest price of $10.63 during that period. The average intraday trading volume for BGC Group Inc shares is 2.85 million. The stock is currently trading 17.47% above its 20-day simple moving average (SMA20), while that difference is up 17.15% for SMA50 and it goes to 30.31% 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 58.15% of that.

The stock has a current market capitalization of $5.47B and its 3Y-monthly beta is at 1.48. PE ratio of stock for trailing 12 months is 46.58, while it has posted earnings per share of $0.24 in the same period. Its PEG reads 2.27 while making debt-to-equity ratio of 1.68. 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 5.32% while standing at 3.11% over the month.

Analysts are in expectations that BGC Group Inc (BGC) stock would likely to be making an EPS of 0.25 in the current quarter, while forecast for next quarter EPS is 0.28 and it is 1.06 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.25 which is 0.25 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of 0.21 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 20.73% while it is estimated to increase by 7.07% 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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