FG Merger II (NASDAQ:FGMC) Upgraded by Wall Street Zen to “Hold” Rating

FG Merger II (NASDAQ:FGMC – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Sunday.

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of FG Merger II in a research report on Friday, May 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, FG Merger II has a consensus rating of “Sell”.

Get FG Merger II alerts:

Get Our Latest Analysis on FG Merger II

FG Merger II Stock Performance

NASDAQ FGMC traded down $0.23 on Friday, reaching $9.81. The company’s stock had a trading volume of 16,348 shares, compared to its average volume of 231,119. FG Merger II has a twelve month low of $9.00 and a twelve month high of $15.14. The firm’s 50 day moving average is $10.31 and its two-hundred day moving average is $10.17. The stock has a market cap of $25.51 million, a PE ratio of 981.00 and a beta of 0.10.

FG Merger II (NASDAQ:FGMC – Get Free Report) last released its earnings results on Thursday, May 14th. The company reported $0.04 EPS for the quarter.

Hedge Funds Weigh In On FG Merger II

Institutional investors and hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC purchased a new stake in shares of FG Merger II during the second quarter worth $115,000. SkyView Investment Advisors LLC purchased a new position in FG Merger II in the second quarter valued at about $789,000. Berkley W R Corp acquired a new position in FG Merger II in the 3rd quarter worth about $3,158,000. Clear Street Group Inc. acquired a new position in FG Merger II in the 3rd quarter worth about $5,539,000. Finally, Quarry LP raised its stake in shares of FG Merger II by 128.8% during the 3rd quarter. Quarry LP now owns 177,635 shares of the company’s stock worth $1,775,000 after purchasing an additional 100,000 shares in the last quarter.

About FG Merger II

(Get Free Report)

FG Merger II is a special purpose acquisition company (SPAC) incorporated in Delaware in 2022. The company was formed for the purpose of effecting a merger, stock exchange, asset acquisition or similar business combination. It completed its initial public offering on the Nasdaq under the symbol FGMC and, to date, has not identified a definitive target or commenced substantive operations beyond the SPAC formation.

The company intends to pursue opportunities in financial technology, financial services and adjacent technology-driven sectors.

Featured Stories

• Five stocks we like better than FG Merger II
• 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
• Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
• Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
• This Dividend ETF Choice Could Shape Your Income Strategy Through 2026

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