BGC Group Inc (NASDAQ: BGC) Drops -5.87% Over A Month, But Analysts Still See Upside Potential

BGC Group Inc (NASDAQ:BGC) currently has a daily average trading volume of 2.82M but it saw 4469428 shares traded in last market. With a market cap of 4.45B USD, the company’s current market price of $9.14 came falling about -2.14 while comparing to the previous closing price of $9.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.02 and as low as $5.36. In the recent trading on the day, stock has struck highest price mark of $8.96 while lowest mark touched by it was $9.27.

Taking a look at 20-day trading activity of BGC Group Inc (BGC) gives us an average price of $9.42, while its current price level is -8.78% below from 52-week high level whereas it is 70.52% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.54 while that of 200 days or SMA-200 reads an average of $8.48. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.34% during that period while stretching the period over a month that increases to 2.55%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 41.36 which implies that the stock is in neutral territory.

Over the week, BGC’s stock price is moving -3.18% down while it is -5.87% when we observe its performance for the past one month. Year-to-date it is 26.59% up and over the past year, the stock is showing an upside performance of 56.24%.

Currently, BGC Group Inc’s total number of outstanding shares is 390.09M. Company’s return on investment (ROI) stands at 5.50% and return on equity (ROE) at 15.59%. It has a price to earnings ratio (P/E ratio) of 37.29 while having a 9.23 of forward P/E ratio. Stock’s beta reads 1.49. Stock has a price to book (P/B) ratio of 5.21 while price to sale or P/S ratio amounts to 2.09. Its return on asset (ROA) is 2.97% on average.