BGC Stock Summary and Trading Ideas (BGC Group - Class A | NASDAQ:BGC)

BGC Group Inc is a brokerage and financial technology company that serves the global financial markets, energy and commodities markets. Its service and product offerings include brokerage for a wide range of financial products including fixed income, equities, commodities, derivatives, and real estate, software solutions for trading platforms, clearing, trade execution, and other back-office services. Its clients mostly include banks, financial institutions and corporate clients. BGC operates in one reportable segment, which is providing brokerage services. Geographically the company generates revenue from Asia, Other Europe/MEA, France, Other Americas with the majority of its revenue coming from United Kingdom followed by the United States.

BGC Group - Class A trades on the NASDAQ stock market under the symbol BGC.

As of May 3, 2024, BGC stock price climbed to $8.22 with 2,804,818 million shares trading.

BGC has a beta of 0.55, meaning it tends to be less sensitive to market movements. BGC has a correlation of 0.04 to the broad based SPY ETF.

BGC has a market cap of $4.06 billion. This is considered a Mid Cap stock.

Last quarter BGC Group - Class A reported $579 million in Revenue and $.25 earnings per share. This fell short of revenue expectation by $-6 million and met earnings estimates .

The top ETF exchange traded funds that BGC belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

BGC support price is $7.88 and resistance is $8.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BGC stock will trade within this expected range on the day.