BGC Group Inc (NASDAQ:BGC) shares, rose in value, with the stock price up by 1.17% to the previous day’s close as strong demand from buyers drove the stock to $9.55.
Actively observing the price movement in the last trading, the stock closed the session at $9.44, falling within a range of $9.39 and $9.695. The value of beta (5-year monthly) was 1.485 whereas the PE ratio was 38.96 over 12-month period. Referring to stock’s 52-week performance, its high was $10.02, and the low was $5.36. On the whole, BGC has fluctuated by -0.73% over the past month.
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With the market capitalization of BGC Group Inc currently standing at about $4.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.06, with its dividend yield at 0.63%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.21B, with a low estimate of 543M and a high estimate of 543M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 543M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that BGC’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 1.90, with the price of BGC currently trading nearly 1.41% and 0.14% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.92, while the 7-day volatility ratio is showing 2.82% which for the 30-day chart, stands at 2.33%. Furthermore, BGC Group Inc (BGC)’s beta value is 1.49, and its average true range (ATR) is 0.25.
A comparison of BGC Group Inc (BGC) with its peers suggests the former has fared considerably weaker in the market. BGC showed an intraday change of 1.17% in last session, and over the past year, it grew by 70.23%%.
Data on historical trading for BGC Group Inc (NASDAQ:BGC) indicates that the trading volumes over the past 10 days have averaged 3.07 and over the past 3 months, they’ve averaged 2.79 million. According to company’s latest data on outstanding shares, there are 390.09 million shares outstanding.
Nearly 26.40% of BGC Group Inc’s shares belong to company insiders and institutional investors own 58.20% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.46 million shares as on 2024-10-15, resulting in a short ratio of 3.16. According to the data, the short interest in BGC Group Inc (BGC) stood at 304.00 of shares outstanding as of 2024-10-15; the number of short shares registered in 2024-09-13 reached 8.48 million. The stock has risen by 32.27% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the BGC stock heading into the next quarter.
