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

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

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

FG Nexus Stock Performance

Shares of FGNX opened at $5.75 on Friday. FG Nexus has a one year low of $4.18 and a one year high of $206.25. The stock has a market capitalization of $37.55 million, a price-to-earnings ratio of -0.33 and a beta of 0.86. The stock has a 50 day moving average price of $7.35 and a 200 day moving average price of $14.34.

Institutional Trading of FG Nexus

Large investors have recently added to or reduced their stakes in the stock. Susquehanna Fundamental Investments LLC purchased a new stake in FG Nexus in the 4th quarter valued at $103,000. Millennium Management LLC purchased a new stake in FG Nexus in the 4th quarter valued at $100,000. OMERS ADMINISTRATION Corp purchased a new stake in FG Nexus in the 4th quarter valued at $239,000. State Street Corp purchased a new stake in FG Nexus in the 4th quarter valued at $500,000. Finally, Aristides Capital LLC purchased a new stake in FG Nexus in the 4th quarter valued at $182,000. 3.13% of the stock is currently owned by hedge funds and other institutional investors.

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.