FXCM Receives Average Target Price of $5.5
February 4, 2015 by Joe Willams ? ? ? ?
FXCM Inc (NYSE:FXCM): 3 Analyst have given the stock of FXCM Inc (NYSE:FXCM) a near short term price target of $5.5. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $7.37. The higher price target estimate is at $14 while the lower price estimates are fixed at $1.The information is based on average recommendation on company rating and price target for short term (6 to 12 months) .Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, upgrades their rating on the shares of FXCM Inc (NYSE:FXCM). Keefe Bruyette & Woods has a Market Perform rating on the counter. Previously, the analysts had a Underperform rating on the counter. As per the latest research report, the brokerage house lowers the price target to $1.5 per share from a prior target of $4.5.
FXCM Inc (NYSE:FXCM) had a negative trading session as its shares witnessed value erosion in thin trade. The shares ended the day with a depreciation of 0.04 points or 1.89% at $2.08, in a dull session. The share price had touched an intraday high of $2.14 and an intraday low of $1.91 with the number of traded shares hitting 9,923,078. The shares had closed the previous day trading session at $2.12. The share price has a 52-week high of $17.97 and a 52-week low of $1.28. The market cap of the company, which has 47,161,000 outstanding shares, is $98 million.
FXCM Inc (NYSE:FXCM) has shown a drop of 1.4% or 92,780 shares in the short positions. The bets have increased to 6,320,909 shares on January 15,2015 from 6,413,689 shares on December 31,2014. With respect to the floated shares, the shorts are 15.3%. The counters days to cover are calculated to be 8, using the standard per day volume of 831,961 shares.
FXCM Inc. (FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally. The Company offers its customers access to over-the-counter (OTC) FX markets through its technology platform. It primarily offers customers an agency model to execute their trades. In the agency model, when its customer executes a trade on the price quotation offered by its FX market makers, it acts as a credit intermediary, or riskless principal, simultaneously entering into offsetting trades with both the customer and the FX market maker. It operates its business through two segments: retail trading and institutional trading. Its institutional trading segment, FXCM Pro, offers FX trading services to banks, hedge funds and other institutional customers on an agency model basis. In September 2013, FXCM Inc acquired a 50.1% controlling interest in Faros Trading LLC (Faros).
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