FG Nexus Inc (NASDAQ:FGNX) Given Consensus Recommendation of “Hold” by Analysts

FG Nexus Inc (NASDAQ:FGNX) has received an average recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $35.00.

Several research analysts have recently weighed in on FGNX shares. B. Riley Financial decreased their price target on FG Nexus from $13.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, March 31st. Weiss Ratings cut FG Nexus from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen cut FG Nexus from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 16th.

FG Nexus Price Performance

FGNX stock opened at $6.25 on Friday. FG Nexus has a 1-year low of $4.18 and a 1-year high of $206.25. The business has a fifty day moving average price of $6.48 and a 200-day moving average price of $10.04. The stock has a market capitalization of $39.13 million, a P/E ratio of 0.49 and a beta of 1.02.

Institutional Trading of FG Nexus

A number of hedge funds have recently bought and sold shares of the company. LPL Financial LLC purchased a new stake in FG Nexus during the fourth quarter valued at $31,000. FNY Investment Advisers LLC purchased a new stake in FG Nexus during the fourth quarter valued at $68,000. Millennium Management LLC purchased a new stake in FG Nexus during the fourth quarter valued at $100,000. Susquehanna Fundamental Investments LLC purchased a new stake in FG Nexus during the fourth quarter valued at $103,000. Finally, Aristides Capital LLC purchased a new stake in FG Nexus during the fourth quarter valued at $182,000. Hedge funds and other 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.