Fundamental Global (NASDAQ:FGF) Stock Price Up 4.2% – Should You Buy?

Shares of Fundamental Global Inc. (NASDAQ:FGF) rose 4.2% during trading on Wednesday . The stock traded as high as $2.70 and last traded at $2.70. Approximately 1,304,657 shares were traded during mid-day trading, an increase of 325% from the average daily volume of 306,768 shares. The stock had previously closed at $2.59.

Fundamental Global Price Performance

The firm has a market cap of $3.47 million, a P/E ratio of -0.15 and a beta of 0.93. The firm’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $12.88. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.22 and a current ratio of 1.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Fundamental Global stock. Everstar Asset Management LLC boosted its position in shares of Fundamental Global Inc. (NASDAQ:FGF) by 89.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,000 shares of the company’s stock after purchasing an additional 28,855 shares during the period. Everstar Asset Management LLC owned about 4.80% of Fundamental Global worth $1,090,000 as of its most recent SEC filing. Institutional investors own 3.13% of the company’s stock.

Fundamental Global Company Profile

Fundamental Global Inc engages in reinsurance, merchant banking, and asset management business. The company offers initial public offering services. It also offers specialty property and casualty reinsurance services. In addition, the company provides investment advisory services. The company was formerly known as Ballantyne Strong, Inc and changed its name to FG Group Holdings Inc in December 2022.