Stocks of BGC Group Inc (NASDAQ:BGC) traded higher last session on Wall Street, down -1.88% to $9.37.
BGC stock price is now -1.73% away from the 50-day moving average and 9.49% away from the 200-day moving average. The market capitalization of the company currently stands at $4.56B.
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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 $0.14 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 $6.01 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 $5.65 and a high of $10.02. According to the stock market information, the enterprise value for the company is $5647975936, which is based on a 38.23 price-to-earnings ratio, a 1.87 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for BGC is $9.5348 and a two-hundred day moving average price translates $8.5578 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.
