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Wednesday, March 22, 2023

There Is A Quest For Clarity Surrounding BGC Partners Inc. (NASDAQ: BGCP) Volatility

After Hours

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 intact, with the stock’s consolidated last price rising by $0.10, or 1.97%, to $5.17. The BGC Partners Inc. has recorded 472,198 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed BGC Partners Reports Fourth Quarter and Full Year 2022 Financial Results.


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Stocks Info

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 $5.07 and fluctuated between $5.10 as its day high and $4.89 as its day low. The current market capitalization of BGC Partners Inc. is $1.90B. A total of 3.4 million shares were traded on the day, compared to an average of 1.56M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, BGCP has seen 4 BUY and 0 SELL insider trades, representing the acquisition of 56,144 and the disposition of 0 shares. Over the last 12 months, there were 4 BUYs and 0 SELLs from insiders. Insiders purchased 56,144 shares during that period but sold 0.

Dividend

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 0.79%, and it has a price to earnings (P/E) ratio of 40.24. BGCP’s most recent ex-dividend date was 3/16/2023 when it declared a $0.01 quarterly dividend that was paid in cash on 3/31/2023. Previously, the company paid the dividend on 12/6/2022 with an ex-dividend date of 11/21/2022. The BGCP stock 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 $8.25 with high estimates of $8.50 and low estimates of $8.00. In terms of 52-week highs and lows, BGCP has a high of $5.28 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 2 estimates, with a high estimate of $0.16 per share and a lower estimate of $0.15. The company reported an EPS of $0.17 in the last quarter, which was 6.30% higher than expectations 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.

Analysts Opinion

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.

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