Geometry Dash APK Hill Climb Racing APK
15.6 F
New York
Friday, January 21, 2022

BGC Partners Inc. (BGCP) is Gaining Momentum on Earnings Catalyst

Must read

Medmen Enterprises Inc (OTCMKTS:MMNFF) Pulls Back From Highs as Buzz Cools Off

Among the sectors which have bounced back in 2021, the cannabis sector is one of considerable interest since it had been in...

VirtualArmour International Inc (OTCMKTS:VTLR) Jumps Another 250% This Week

Not every move in the stock market can always be explained and hence, investors are often rightly confused when a stock records...

Ozop Energy Solutions Inc (OZSC) is Riding a Green Wave of Momentum

Investors who are looking for fresh opportunities in rising stocks may have a lot to choose from at this point but it...

Drone Delivery Canada Corp (OTCMKTS:TAKOF) is Soaring after Roadmap Update

The drone industry has grown at a remarkable rate over the past five years or so and hence, it is no surprise...

Many stocks have been testing new highs in 2020, and one of the most notable is BGC Partners Inc. (BGCP). Currently, BGCP is trading at $3.29 and the avg recommendation for the stock is Moderate Buy.

To add more color to this target, the company’s high over the last year is $6.14 and the low is $2.07. Over the last 52 weeks, BGCP is down -46.46% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BGCP reported a profit of $52.06 million. BGC Partners Inc. also saw revenues increase to $603.17 million. In addition, BGCP has free cash flow of -$80.22 million as of 03-2020 The company’s EBITDA came in at $89.64 million which compares well with its peers.

BGCP booked profit margins of 0.40%, its Return on Equity (ROE) is 1.20%, and its Return on Assets is 0.20%. All told, it is clear that, BGCP needs to be on your watchlist.

About BGC Partners Inc.

If readers are unfamiliar, BGC Partners, Inc. operates as a brokerage and financial technology company in the United States, the United Kingdom, rest of Asia, France, the Middle East, Africa, rest of Europe, and internationally. It offers various brokerage products, such as fixed income, foreign exchange, equities, energy and commodities, insurance, and futures. The company also provides other services that include trade execution, broker dealer, clearing, trade compression, post-trade, information, and other back office services to financial and non-financial institutions. In addition, it offers fully electronic brokerage, financial technology solutions, market data, post-trade services, and analytics related to financial instrument and markets under the Fenics, BGC Trader, CreditMatch, Fenics Market Data, BGC Market Data, kACE2, EMBonds, Capitalab, Swaptioniser, CBID, and Lucera brand names. Further, the company provides screen-based market solutions, which enable its clients to develop a marketplace, trade with their customers, issue debt, trade odd lots, access program trading interfaces, and access its network and intellectual property; software and technology infrastructure for the transactional and technology related elements; and option pricing and analysis tools. It primarily serves banks, broker-dealers, investment banks, trading firms, hedge funds, governments, and corporations, as well as investment firms. BGC Partners, Inc. is headquartered in New York, New York.

Find out when BGCP reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BGCP has a short ratio of 1.24 and outstanding shares of 358.00M.

Company Outlook

BGCP has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 5.23 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 0.02. Investors should also keep an eye on sector updates as BGCP has historically followed its peers on positive news.

All told, BGC Partners Inc. BGCP has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BGCP represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

BGC Partners Inc. BGCP is now commanding a market cap of 1.67B and a float of 449.17M. BGCP is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BGCP stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BGCP, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet.
SmsVerifyer.com Affordable best sms verification service