BGC Group Inc (NASDAQ:BGC) price on current trading day, rose 3.16% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $9.80.
A look at the stock’s price movement, the close in the last trading session was $9.50. The PE ratio in trailing twelve months stood at 38.86. Turning to its 52-week performance, $11.79 and $6.78 were the 52-week high and 52-week low respectively. Overall, BGC moved 3.92% over the past month.
BGC Group Inc’s market cap currently stands at around $4.70 billion, with investors looking forward to this quarter’s earnings report slated for in March. The company has a Forward Dividend ratio of 0.07, with its dividend yield at 0.71%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 631.19M for the company’s revenue for the quarter, with a low and high estimate of 627.39M and 635M respectively. The average forecast suggests up to a 9.09% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.44B, representing a 7.91% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that BGC is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend BGC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
BGC’s current price about 3.83% and 5.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.94, while 7-day volatility ratio is 4.20% and 3.36% in the 30-day chart. Further, BGC Group Inc (BGC) has a beta value of 1.42, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $11.5, forecast between a low of $11.5 and high of $11.5. Looking at the price targets, the low is -17.35% off current price level while to achieve the yearly target high, price needs to move -17.35%. Nonetheless, investors will most likely welcome a -17.35% jump to $11.5 which is the analysts’ median price.
If we refocus on BGC Group Inc (NASDAQ:BGC), historical trading data shows that trading volumes averaged 2.81 million over the past 3 months. The company’s latest data on shares outstanding shows there are 374.30 million shares.
The 28.39% of BGC Group Inc’s shares are in the hands of company insiders while institutional holders own 61.56% of the company’s shares. Current price change has pushed the stock 8.17% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the BGC stock continues to rise going into the next quarter.
