FG Nexus Inc (NASDAQ:FGNX) Given Average Rating of “Hold” by Brokerages

Shares of FG Nexus Inc (NASDAQ:FGNX) have received a consensus rating of “Hold” from the five brokerages that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $35.00.

Several analysts recently commented on the company. Wall Street Zen upgraded FG Nexus from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Weiss Ratings upgraded shares of FG Nexus from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 21st.

FG Nexus Stock Performance

Shares of FGNX opened at $8.38 on Monday. The stock’s 50-day moving average price is $6.70 and its two-hundred day moving average price is $6.61. FG Nexus has a 12 month low of $4.18 and a 12 month high of $51.50. The company has a market capitalization of $42.70 million, a PE ratio of -1.20 and a beta of 1.09.

FG Nexus (NASDAQ:FGNX) last issued its quarterly earnings results on Wednesday, August 12th. The company reported ($3.07) earnings per share for the quarter, beating the consensus estimate of ($6.45) by $3.38. FG Nexus had a negative return on equity of 95.68% and a negative net margin of 4,888.86%.The company had revenue of $0.24 million during the quarter. Equities research analysts predict that FG Nexus will post -12.62 EPS for the current fiscal year.

Institutional Trading of FG Nexus

A number of institutional investors have recently bought and sold shares of the company. United Capital Management of KS Inc. acquired a new stake in FG Nexus during the 4th quarter worth about $440,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of FG Nexus in the 4th quarter valued at about $324,000. Everstar Asset Management LLC acquired a new position in shares of FG Nexus in the 4th quarter valued at about $1,045,000. Aristides Capital LLC bought a new stake in shares of FG Nexus during the 4th quarter valued at about $182,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in FG Nexus during the fourth quarter worth approximately $103,000. Institutional investors own 3.13% of the company’s stock.

FG Nexus Company Profile

FG Financial Group, Inc operates as a reinsurance and investment management holding company in the United States. The company offers specialty property and casualty reinsurance products and services. It also operates a special purpose acquisition company platform (SPAC) that provides various strategic, administrative, and regulatory support services to newly formed SPACs for a monthly fee. The company was formerly known as 1347 Property Insurance Holdings, Inc and changed its name to FG Financial Group, Inc in December 2020.