FG Nexus (NASDAQ:FGNX – Get Free Report) announced its earnings results on Friday. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08, Zacks reports.
FG Nexus Price Performance
Shares of NASDAQ:FGNX traded down $0.16 during trading on Friday, reaching $2.60. The company had a trading volume of 780,908 shares, compared to its average volume of 299,542. The firm’s fifty day moving average price is $5.06. FG Nexus has a fifty-two week low of $2.55 and a fifty-two week high of $41.25. The company has a market cap of $103.99 million, a price-to-earnings ratio of -0.30 and a beta of 0.78.
Wall Street Analyst Weigh In
A number of research firms have issued reports on FGNX. Weiss Ratings reiterated a “sell (d)” rating on shares of FG Nexus in a report on Wednesday, October 8th. Wall Street Zen upgraded FG Nexus to a “hold” rating in a research note on Saturday, August 30th. B. Riley initiated coverage on FG Nexus in a research note on Wednesday, October 15th. They set a “buy” rating and a $8.00 target price for the company. Zacks Research upgraded FG Nexus to a “hold” rating in a report on Friday, October 17th. Finally, ThinkEquity started coverage on FG Nexus in a research note on Monday, October 6th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, FG Nexus presently has a consensus rating of “Hold” and a consensus price target of $10.00.
About FG Nexus
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.
See Also
- Five stocks we like better than FG Nexus
- How to Use the MarketBeat Dividend Calculator
- Are These 3 Oversold Tech Giants Ready to Rebound?
- Business Services Stocks Investing
- If You Wait for the Dip, Micron Technology Could Leave You Behind
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 Stocks Quietly Powering the AI and Tech Revolution
Receive News & Ratings for FG Nexus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FG Nexus and related companies with MarketBeat.com's FREE daily email newsletter.
