FG Nexus (NASDAQ:FGNX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of FG Nexus (NASDAQ:FGNX) from a strong sell rating to a sell rating in a report released on Saturday morning.

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of FG Nexus in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $35.00.

FG Nexus Stock Performance

Shares of FG Nexus stock opened at $6.95 on Friday. FG Nexus has a 52-week low of $4.18 and a 52-week high of $92.10. The company’s 50 day moving average price is $6.17 and its 200-day moving average price is $6.90. The stock has a market capitalization of $35.45 million, a price-to-earnings ratio of 0.54 and a beta of 1.03.

FG Nexus (NASDAQ:FGNX) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($5.88) EPS for the quarter. The firm had revenue of $0.23 million for the quarter. FG Nexus had a negative net margin of 4,888.86% and a negative return on equity of 95.68%. As a group, equities research analysts forecast that FG Nexus will post -25.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC bought a new stake in shares of FG Nexus during the fourth quarter valued at approximately $31,000. Millennium Management LLC purchased a new stake in FG Nexus in the fourth quarter worth $100,000. Susquehanna Fundamental Investments LLC bought a new position in FG Nexus in the fourth quarter worth $103,000. Aristides Capital LLC bought a new position in FG Nexus in the fourth quarter worth $182,000. Finally, OMERS ADMINISTRATION Corp bought a new position in FG Nexus in the fourth quarter worth $239,000. 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.