Is This Stock a Screaming Buy: BGC Partners, Inc. (NASDAQ:BGCP)

Equity Research firms currently have a positive stance on shares of BGC Partners, Inc. (NASDAQ:BGCP). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $14.00 on a short term basis.

At the time of writing, the stock was trading at $8.80. This represents a change from the opening price of 1.03%. In terms of performance, year to date, the stock is -6.61%. The monthly stock performance comes in at -4.29%. For the quarter, shares are performing at 4.34%. Weekly performance analysis shows the equity at -1.02%.

In taking a look at technical levels, shares are trading -0.61% away from the 50 day simple moving average and 0.83% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -6.39% away from it’s 52- week high and 15.98% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, BGC Partners, Inc.’s RSI stands at 47.64. In looking at volatility levels, the shares saw weekly volatility of 2.11% and 1.94% over the past month.

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