BGC Group Inc (NASDAQ: BGC) Increases 15.76% Over A Month, But Analysts Still See Upside Potential

BGC Group Inc (NASDAQ:BGC) currently has a daily average trading volume of 2.85M but it saw 6325906 shares traded in last market. With a market cap of 5.47B USD, the company’s current market price of $11.24 came rising about 6.34 while comparing to the previous closing price of $10.57. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.63 and as low as $6.02. In the recent trading on the day, stock has struck highest price mark of $10.84 while lowest mark touched by it was $11.33.

Taking a look at 20-day trading activity of BGC Group Inc (BGC) gives us an average price of $9.57, while its current price level is 5.74% below from 52-week high level whereas it is 86.71% 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 $9.59 while that of 200 days or SMA-200 reads an average of $8.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.32% during that period while stretching the period over a month that decreases to 3.11%. 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 76.77 which implies that the stock is in overbought territory.

Over the week, BGC’s stock price is moving 17.70% up while it is 15.76% when we observe its performance for the past one month. Year-to-date it is 55.68% up and over the past year, the stock is showing an upside performance of 83.66%.

Currently, BGC Group Inc’s total number of outstanding shares is 390.09M. Company’s return on investment (ROI) stands at 5.04% and return on equity (ROE) at 14.29%. It has a price to earnings ratio (P/E ratio) of 46.58 while having a 10.60 of forward P/E ratio. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 6.34 while price to sale or P/S ratio amounts to 2.48. Its return on asset (ROA) is 2.95% on average.