FG Nexus Inc (NASDAQ:FGNX) Receives Consensus Rating of “Hold” from Analysts

Shares of FG Nexus Inc (NASDAQ:FGNX) have earned an average rating of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $35.00.

Several research analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of FG Nexus in a research report on Friday, March 27th. B. Riley Financial reduced their target price on FG Nexus from $13.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st.

FG Nexus Trading Down 7.6%

NASDAQ FGNX opened at $6.04 on Tuesday. The firm has a market capitalization of $38.84 million, a price-to-earnings ratio of -0.35 and a beta of 0.91. The firm’s 50 day simple moving average is $6.43 and its 200 day simple moving average is $11.75. FG Nexus has a 1 year low of $4.18 and a 1 year high of $206.25.

Institutional Trading of FG Nexus

Several large investors have recently bought and sold shares of FGNX. LPL Financial LLC bought a new position in FG Nexus in the fourth quarter valued at about $31,000. FNY Investment Advisers LLC bought a new position in shares of FG Nexus in the fourth quarter worth about $68,000. Millennium Management LLC acquired a new stake in shares of FG Nexus in the 4th quarter valued at approximately $100,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of FG Nexus in the 4th quarter valued at approximately $103,000. Finally, Aristides Capital LLC bought a new stake in shares of FG Nexus during the 4th quarter valued at approximately $182,000. 3.13% of the stock is owned by institutional investors and hedge funds.

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.