BGC Partners Inc. (NASDAQ:BGCP) has a beta value of 1.97 and has seen 6,089,153 shares traded in the last trading session. The company, currently valued at $2.12 Billion, closed the last trade at $5.53 per share which meant it gained $0.23 on the day or 4.34% during that session. The BGCP stock price is -1.99% off its 52-week high price of $5.64 and 59.86% above the 52-week low of $2.22. If we look at the company’s 10-day average daily trading volume, we find that it stood at 6.65 Million shares traded. The 3-month trading volume is 3.46 Million shares.
The consensus among analysts is that BGC Partners Inc. (BGCP) is an Overweight stock at the moment, with a recommendation rating of 2.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 1 out of 2 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $0.16.
BGC Partners Inc. (NASDAQ:BGCP) trade information
Sporting 4.34% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the BGCP stock price touched $5.89-6 or saw a rise of 6.11%. Year-to-date, BGC Partners Inc. shares have moved 38.25%, while the 5-day performance has seen it change -4.82%. Over the past 30 days, the shares of BGC Partners Inc. (NASDAQ:BGCP) have changed 9.72%. Short interest in the company has seen 26.74 Million shares shorted with days to cover at 7.73.
Wall Street analysts have a consensus price target for the stock at $7, which means that the shares’ value could jump 26.58% from current levels. The projected low price target is $7 while the price target rests at a high of $7. In that case, then, we find that the current price level is +26.58% off the targeted high while a plunge would see the stock lose 26.58% from current levels.
BGC Partners Inc. (BGCP) estimates and forecasts
Figures show that BGC Partners Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +89.38% over the past 6 months, with this year growth rate of 13.79%, compared to 17.8% for the industry. Other than that, the company has, however Increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 6.7% and 45.5% for the next quarter. Revenue growth from the last financial year stood is estimated to be -0.4%.
2 analysts offering their estimates for the company have set an average revenue estimate of $510.05 Million for the current quarter. 2 have an estimated revenue figure of $481.75 Million for the next quarter concluding in September 01, 2021. Year-ago sales stood $519.1 Million for this quarter, and analysts expect sales will grow by -1.7% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -27% over the past 5 years. Earnings growth for 2021 is a modest -4.6% while over the next 5 years, the company’s earnings are expected to increase by 12.5%.
BGC Partners Inc. is expected to release its next earnings report between July 28 and August 02 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.04 at a share yield of 0.75%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 8.28%.
BGC Partners Inc. (NASDAQ:BGCP)’s Major holders
Insiders own 7.56% of the company shares, while shares held by institutions stand at 61.65% with a share float percentage of 66.69%. Investors are also buoyed by the number of investors in a company, with BGC Partners Inc. having a total of 287 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 27.93 Million shares worth more than $111.72 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 8.63% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 22Million shares as of December 30, 2020. The firm’s total holdings are worth over $88Million and represent 6.8% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. As of December 30, 2020, the former fund manager holds about 2.77% shares in the company for having 8953270 shares of worth $35.81 Million while later fund manager owns 7.67 Million shares of worth $37.04 Million as of March 30, 2021, which makes it owner of about 2.37% of company’s outstanding stock.