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

Shares of FG Nexus Inc (NASDAQ:FGNX) have been given an average recommendation of “Hold” by the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $8.50.

Several equities research analysts recently weighed in on FGNX shares. ThinkEquity started coverage on shares of FG Nexus in a research note on Monday, October 6th. They issued a “buy” rating for the company. B. Riley decreased their price objective on FG Nexus from $8.00 to $5.00 and set a “buy” rating on the stock in a report on Thursday, November 20th. Zacks Research upgraded FG Nexus to a “hold” rating in a research note on Friday, October 17th. Wall Street Zen downgraded shares of FG Nexus from a “hold” rating to a “sell” rating in a research note on Saturday, December 6th. Finally, Litchfield Hills Research began coverage on shares of FG Nexus in a report on Tuesday, November 11th. They issued a “buy” rating and a $12.00 price target on the stock.

FG Nexus Trading Down 0.4%

Shares of NASDAQ:FGNX opened at $2.79 on Wednesday. FG Nexus has a 1 year low of $2.30 and a 1 year high of $41.25. The stock’s fifty day moving average price is $3.08. The stock has a market capitalization of $110.40 million, a price-to-earnings ratio of -0.80 and a beta of 0.84.

FG Nexus (NASDAQ:FGNX) last released its quarterly earnings data on Friday, November 14th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.08. The business had revenue of $0.89 million during the quarter, compared to analyst estimates of $15.30 million. FG Nexus had a negative net margin of 64.92% and a negative return on equity of 7.73%.

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.