The stock of BGC Group Inc. (NASDAQ:BGC) last traded at $4.66, down -2.10% from the previous session.
Data from the available sources indicates that BGC Group Inc. (NASDAQ:BGC) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $7.00, we find $7.00. Given the previous closing price of $4.76, this indicates a potential upside of 47.06 percent. BGC stock price is now 2.40% away from the 50-day moving average and 6.58% away from the 200-day moving average. The market capitalization of the company currently stands at $1.75B.
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In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $7.00 as their price target over the next twelve months.
A total of 6.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in BGC stock. A new stake in BGC Group Inc. shares was purchased by MUHLENKAMP & CO INC during the first quarter worth $7,305,000. ONE FIN CAPITAL MANAGEMENT LP invested $6,058,000 in shares of BGC during the first quarter. In the first quarter, BRIDGEWATER ASSOCIATES, LP acquired a new stake in BGC Group Inc. valued at approximately $2,880,000. EAM INVESTORS, LLC acquired a new stake in BGC for approximately $2,491,000. CASTLEKNIGHT MANAGEMENT LP purchased a new stake in BGC valued at around $1,181,000 in the second quarter. In total, there are 298 active investors with 67.80% ownership of the company’s stock.
With an opening price of $4.7000 on Tuesday morning, BGC Group Inc. (NASDAQ: BGC) set off the trading day. During the past 12 months, BGC Group Inc. has had a low of $3.14 and a high of $5.51. According to the stock market information, the enterprise value for the company is $2.66B, which is based on a 43.15 price-to-earnings ratio, a 2.11 price-to-earnings-growth ratio, and a beta of 1.73. The fifty day moving average price for BGC is $4.5520 and a two-hundred day moving average price translates $4.3769 for the stock.
The latest earnings results from BGC Group Inc. (NASDAQ: BGC) was released for Mar, 2023. According to the Capital Markets Company, earnings per share came in at $0.23, inline with analysts’ expectations of $0.23. This compares to $0.07 EPS in the same period last year. The net profit margin was 2.30% and return on equity was 6.10% for BGC. The company reported revenue of $532.87 million for the quarter, compared to $506.46 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.21 percent. For the current quarter, analysts expect BGC to generate $475M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/31/2023. Investors who held shares on 05/17/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 0.86% percent yield. There was an ex-dividend date of 05/16/2023 for this dividend. In terms of dividend payout ratio, BGC is presently at 35.90%.
