The stock of BGC Group Inc (NASDAQ:BGC) last traded at $8.30, up 1.34% from the previous session.
BGC stock price is now -0.21% away from the 50-day moving average and 16.34% away from the 200-day moving average. The market capitalization of the company currently stands at $4.09B.
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In other news, Windeatt Sean A, Chief Operating Officer sold 118,449 shares of the company’s stock on May 07 ’24. The stock was sold for $1,036,429 at an average price of $8.75. Upon completion of the transaction, the Chief Operating Officer now directly owns 641,175 shares in the company, valued at $5.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Chief Operating Officer Windeatt Sean A sold 40,000 shares of the business’s stock. A total of $349,200 was realized by selling the stock at an average price of $8.73. This leaves the insider owning 759,624 shares of the company worth $6.3 million. A total of 26.52% of the company’s stock is owned by insiders.
During the past 12 months, BGC Group Inc has had a low of $4.18 and a high of $9.06. According to the stock market information, the enterprise value for the company is $4840203264, which is based on a 69.28 price-to-earnings ratio, a 3.38 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for BGC is $8.333 and a two-hundred day moving average price translates $7.1497 for the stock.
The latest earnings results from BGC Group Inc (NASDAQ: BGC) was released for 2024-03-31. The net profit margin was 2.97% and return on equity was 8.11% for BGC. The company reported revenue of $578.61 million for the quarter, compared to $532.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.59 percent.
