There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for BGC Partners Inc. (BGCP) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.05, or -1.51%, to $3.27. Volume reached 17,307 shares, with price reaching a high of $3.27 and a low of $3.23. Earlier, Yahoo Finance discussed this stock as it revealed BGC Partners Updates its Outlook for the Third Quarter of 2022.
This NASDAQ-listed company operates within the Capital Markets industry segment, falling under the Financial sector. At the end of the last regular session, the stock closed at $3.23 and fluctuated between $3.3053 as its day high and $3.2200 as its day low. The current market capitalization of BGC Partners Inc. is $1.25B. A total of 2.45 million shares were traded on the day, compared to an average of 1.55M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, BGCP has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 7 BUYs and 0 SELLs from insiders. Insiders purchased 156,492 shares during that period but sold 0.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. BGC Partners Inc. pays an annual dividend of $0.04, resulting in a dividend yield of 1.24%, and it has a price to earnings (P/E) ratio of 14.48. BGCP’s most recent ex-dividend date was 08/22/2022 when it declared a $0.01 quarterly dividend that was paid in cash on 09/06/2022. Previously, the company paid the dividend on 06/02/2022 with an ex-dividend date of 05/18/2022. The dividend was $0.01 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for BGCP in the last 3 months, the mean price target is $7.75 with high estimates of $8.50 and low estimates of $7.00. In terms of 52-week highs and lows, BGCP has a high of $5.64 and a low of $3.00.
As of this writing, BGCP has an earnings estimate of $0.16 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.16.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. BGCP’s latest balance sheet shows that the firm has $594.44M in Cash & Short Term Investments as of fiscal 2021. There were $1.23B in debt and $1.19B in liabilities at the time. Its Book Value Per Share was $1.79, while its Total Shareholder’s Equity was $663.32M.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 2 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for BGCP is Buy with a score of 5.00. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 0 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.