FG Nexus (NASDAQ:FGNX) Earns Buy Rating from Analysts at Litchfield Hills Research

Litchfield Hills Research assumed coverage on shares of FG Nexus (NASDAQ:FGNX) in a research note released on Tuesday, Marketbeat reports. The firm issued a buy rating and a $12.00 price objective on the stock. Litchfield Hills Research also issued estimates for FG Nexus’ FY2025 earnings at ($0.30) EPS, FY2026 earnings at $0.18 EPS and FY2027 earnings at $0.31 EPS.

A number of other equities research analysts have also issued reports on FGNX. ThinkEquity began coverage on shares of FG Nexus in a report on Monday, October 6th. They set a “buy” rating on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of FG Nexus in a research note on Wednesday, October 8th. Wall Street Zen raised FG Nexus to a “hold” rating in a research report on Saturday, August 30th. B. Riley assumed coverage on FG Nexus in a report on Wednesday, October 15th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Zacks Research raised FG Nexus to a “hold” rating in a research note on Friday, October 17th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.00.

FG Nexus Trading Down 6.4%

NASDAQ FGNX opened at $2.76 on Tuesday. FG Nexus has a 1 year low of $2.60 and a 1 year high of $41.25. The firm has a market cap of $110.40 million, a P/E ratio of -0.32 and a beta of 0.78. The business’s 50-day moving average is $5.20.

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.