BGC Partners Inc. [BGCP] Revenue clocked in at $2.02 billion, up 28.25% YTD: What’s Next?

BGC Partners Inc. [NASDAQ: BGCP] loss -3.39% or -0.18 points to close at $5.13 with a heavy trading volume of 4490788 shares. The company report on August 4, 2021 that BGC Partners Reports Second Quarter 2021 Financial Results.

BGC Declares Quarterly Dividend.

Conference Call to Discuss Results Scheduled for 10:00 AM ET.

It opened the trading session at $5.32, the shares rose to $5.37 and dropped to $5.105, the range by which the price of stock traded the whole day. The daily chart for BGCP points out that the company has recorded 26.67% gains over the past six months. However, it is still -131.08% lower than its most recent low trading price.

If we look at the average trading volume of 3.24M shares, BGCP reached to a volume of 4490788 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about BGC Partners Inc. [BGCP]:

Raymond James have made an estimate for BGC Partners Inc. shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on March 27, 2020. While these analysts kept the previous recommendation, Raymond James raised their target price from $12 to $14. The new note on the price target was released on July 29, 2015, representing the official price target for BGC Partners Inc. stock.

The Average True Range (ATR) for BGC Partners Inc. is set at 0.19, with the Price to Sales ratio for BGCP stock in the period of the last 12 months amounting to 0.99. The Price to Book ratio for the last quarter was 2.42, with the Price to Cash per share for the same quarter was set at 1.48.

Trading performance analysis for BGCP stock

BGC Partners Inc. [BGCP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -3.57. With this latest performance, BGCP shares dropped by -8.39% in over the last four-week period, additionally plugging by 26.67% over the last 6 months – not to mention a rise of 83.87% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for BGCP stock in for the last two-week period is set at 36.45, with the RSI for the last a single of trading hit 32.77, and the three-weeks RSI is set at 39.59 for BGC Partners Inc. [BGCP]. The present Moving Average for the last 50 days of trading for this stock 5.71, while it was recorded at 5.30 for the last single week of trading, and 4.71 for the last 200 days.

BGC Partners Inc. [BGCP]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and BGC Partners Inc. [BGCP] shares currently have an operating margin of +7.25 and a Gross Margin at +91.88. BGC Partners Inc.’s Net Margin is presently recorded at +2.38.

Return on Total Capital for BGCP is now 6.68, given the latest momentum, and Return on Invested Capital for the company is 2.56. Return on Equity for this stock inclined to 6.82, with Return on Assets sitting at 1.24. When it comes to the capital structure of this company, BGC Partners Inc. [BGCP] has a Total Debt to Total Equity ratio set at 201.62. Additionally, BGCP Total Debt to Total Capital is recorded at 66.85, with Total Debt to Total Assets ending up at 38.23. Long-Term Debt to Equity for the company is recorded at 154.80, with the Long-Term Debt to Total Capital now at 51.32.

Reflecting on the efficiency of the workforce at the company, BGC Partners Inc. [BGCP] managed to generate an average of $9,782 per employee. Receivables Turnover for the company is 2.56 with a Total Asset Turnover recorded at a value of 0.52.

BGC Partners Inc. [BGCP]: An earnings per share (EPS) analysis

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for BGCP. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for BGC Partners Inc. go to 12.50%.

An analysis of insider ownership at BGC Partners Inc. [BGCP]

There are presently around $1,109 million, or 63.30% of BGCP stock, in the hands of institutional investors. The top three institutional holders of BGCP stocks are: VANGUARD GROUP INC with ownership of 29,176,085, which is approximately 4.458% of the company’s market cap and around 4.30% of the total institutional ownership; BLACKROCK INC., holding 24,114,773 shares of the stock with an approximate value of $123.71 million in BGCP stocks shares; and ARCTIS GLOBAL LLC, currently with $92.0 million in BGCP stock with ownership of nearly 0% of the company’s market capitalization.

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Positions in BGC Partners Inc. stocks held by institutional investors increased at the end of August and at the time of the August reporting period, where 115 institutional holders increased their position in BGC Partners Inc. [NASDAQ:BGCP] by around 28,821,600 shares. Additionally, 84 investors decreased positions by around 19,298,425 shares, while 45 investors held positions by with 168,032,061 shares. The mentioned changes placed institutional holdings at 216,152,086 shares, according to the latest SEC report filing. BGCP stock had 33 new institutional investments in for a total of 4,100,834 shares, while 33 institutional investors sold positions of 13,296,638 shares during the same period.

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