The stock of BGC Group Inc (NASDAQ:BGC) last traded at $9.20, down -3.16% from the previous session.
BGC stock price is now -2.71% away from the 50-day moving average and 9.97% away from the 200-day moving average. The market capitalization of the company currently stands at $4.48B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
In other news, Richards David, Director sold 43,893 shares of the company’s stock on Aug 09 ’24. The stock was sold for $395,915 at an average price of $9.02. Upon completion of the transaction, the Director now directly owns 14,506 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 07 ’24, Chief Operating Officer Windeatt Sean A sold 118,449 shares of the business’s stock. A total of $1,036,429 was realized by selling the stock at an average price of $8.75. This leaves the insider owning 641,175 shares of the company worth $5.9 million. A total of 26.40% of the company’s stock is owned by insiders.
During the past 12 months, BGC Group Inc has had a low of $5.36 and a high of $10.02. According to the stock market information, the enterprise value for the company is $5477664768, which is based on a 37.54 price-to-earnings ratio, a 1.83 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for BGC is $9.4566 and a two-hundred day moving average price translates $8.36595 for the stock.
The latest earnings results from BGC Group Inc (NASDAQ: BGC) was released for 2024-06-30. The net profit margin was 5.51% and return on equity was 15.59% for BGC. The company reported revenue of $550.76 million for the quarter, compared to $493.08 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.7 percent.
