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

FG Nexus Inc (NASDAQ:FGNX – Get Free Report) has been assigned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average twelve-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. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FG Nexus in a report on Friday, August 7th. Wall Street Zen downgraded FG Nexus from a “sell” rating to a “strong sell” rating in a report on Saturday, May 16th.

Get FG Nexus alerts:

View Our Latest Research Report on FGNX

Hedge Funds Weigh In On FG Nexus

Several large investors have recently made changes to their positions in the company. Wolverine Asset Management LLC acquired a new stake in FG Nexus during the fourth quarter valued at $465,000. Everstar Asset Management LLC purchased a new position in FG Nexus during the fourth quarter worth approximately $1,045,000. Geode Capital Management LLC purchased a new position in shares of FG Nexus during the 4th quarter valued at approximately $1,330,000. LPL Financial LLC acquired a new stake in shares of FG Nexus in the fourth quarter valued at about $31,000. Finally, Aristides Capital LLC purchased a new stake in FG Nexus during the 4th quarter worth approximately $182,000. 3.13% of the stock is currently owned by institutional investors and hedge funds.

FG Nexus Price Performance

NASDAQ FGNX opened at $7.00 on Thursday. FG Nexus has a 1 year low of $4.18 and a 1 year high of $128.75. The company has a market capitalization of $40.18 million, a PE ratio of 0.55 and a beta of 1.03. The company has a fifty day moving average of $6.13 and a 200 day moving average of $7.06.

FG Nexus (NASDAQ:FGNX – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($5.88) earnings per share for the quarter. The business had revenue of $0.23 million during the quarter. Research analysts expect that FG Nexus will post -25.24 earnings per share for the current year.

About FG Nexus

(Get Free Report)

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.

See Also

• Five stocks we like better than FG Nexus
• GE Vernova’s AI Power Boom Faces a Profit Test
• Cardinal Health Earnings: Can Perfection Get Priced In Twice?
• Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
• Legacy Jet Builders Stall While Embraer Accelerates to New Highs

Receive News & Ratings for FG Nexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FG Nexus and related companies with MarketBeat.com's FREE daily email newsletter.